The Belgian Waffle

A scrappy Flemish speech recognition company tries to put its hometown on the global tech map.


  • (00:00) - A Pie to the Face
  • (01:00) - Welcome to Oh My Fraud
  • (06:00) - Welcome to Flanders, Belgium
  • (07:30) - Meet the Founders: Jo Lernout and Pol Hauspie
  • (09:30) - The Dream of Voice Recognition
  • (15:12) - Going Public in a Crowded Market
  • (17:42) - Creating the Flanders Language Valley
  • (21:42) - Gaston Bastiaens and His Wine Cellar Wager
  • (26:23) - Microsoft's $45 Million Investment
  • (29:23) - The Philosophy of Pie Throwing
  • (30:53) - Explosive Growth and Suspicious Numbers
  • (32:53) - Dragon Systems and Dictaphone Acquisitions
  • (35:23) - The Korean Revenue Mystery
  • (38:23) - Wall Street Journal Starts Digging
  • (42:17) - "I Lied About Everything"
  • (43:47) - The Resignation and Bankruptcy
  • (47:47) - The SEC Reveals the Fraud
  • (49:47) - Criminal Convictions and Symbolic Justice
  • (50:47) - Lessons Learned: Fake It Till You Make It
  • (52:17) - What Happened to the Technology
  • (53:47) - Closing Thoughts

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Creators and Guests

Caleb Newquist
Host
Caleb Newquist
Writer l Content at @GustoHQ | Co-host @ohmyfraud | Founding editor @going_concern | Former @CCDedu prof | @JeffSymphony board member | Trying to pay attention.
The Belgian Waffle
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