Erik Lie is the Amelia Tippie Chair in Finance and Professor at the Tippie College of Business at the University of Iowa. His new book, Catching Cheats: Everyday Forensics to Unmask Business Fraud, offers a compelling look at how forensic economics and data-driven analysis can help identify wrongdoing that remains hidden in plain sight. We talk about a broad range of governance and fraud-related issues, beginning with the challenges of private-market data, the evolving responsibilities of directors in fraud detection, and real-world lessons from the Bernie Madoff case and other historic white-collar scandals.