Once manipulation is mentioned, what comes to mind is the conscious influence and even alteration of individuals’ emotions and thoughts without their awareness. The purpose of this book, which originated from the concept of manipulation, specifically focuses on financial manipulation. Financial manipulation involves guiding both investors and society through erroneous and fraudulent information to create artificial prices by triggering securities trading activities. The concept of financial manipulation inherently calls for effective supervision. In this manner, to prevent the formation of manipulative prices, more regular and frequent audits should be conducted to curb such extraordinary price movements. It is crucial that financial audits are conducted fairly and that the entire financial system of the firm is thoroughly evaluated. If audits are insufficient or improperly executed, financial scandals, as witnessed in history, may emerge. The main theme of this book is to analyze cases cited as examples of financial scandals. The topics covered include the cases such as Herstatt Bank, Bernie Madoff’s Ponzi Scheme, Metallgesellschaft, Long Term Capital Management, Lehman Brothers, the Volkswagen Emission Scandal, Charles Ponzi’s Pyramid Scheme, Barings Bank, Polly Peck, Wirecard, Enron, and WorldCom.

The book, titled “Financial Manipulations through Case Study Analyses”, comprises 12 chapters. Each chapter presents detailed case analyses concerning companies that ended in financial failures. Within the chapters, the problems related to the cases are identified, solutions are proposed, and policy recommendations are made. The book involves contributions from 15 scholars from 10 different universities as chapter authors and has been reviewed by 19 scholars from 15 different universities. The transparent double-blind review process was meticulously followed, with each chapter undergoing two separate reviews and receiving similarity reports. The chapter authors have assumed full scientific, ethical, and legal responsibility for their respective sections. This study delves deeply into the cases and provides insights into the reasons behind financial failures.

I would like to extend my sincere gratitude to the chapter authors and reviewers for sharing their valuable knowledge and experiences, which greatly contributed to the completion of this work. I would also like to thank Özgür Publications and Assoc. Prof. Dr. Mehmet Fatih BUĞAN for their unwavering support.