American Microphone excerpt: Chris Larsen discusses fraud prevention

[AM013] Chris Larsen, CEO of Prosper, discusses the company's approach to fraud prevention. One of the peer-to-peer lending site's borrowers just plead guilty to charges of extortion for blackmailing a Manhattan executive. Her loan on Prosper has now become part of the story. This interview was recorded shortly before this came out, but should shed some light on how Prosper handles fraud in such cases.