The Biggest Ponzi Schemes in Modern History Some things simply sound too good to be true, but when money is involved, our judgement can become clouded. This is often the case with Ponzi schemes, a type of financial fraud that lures investors by promising abnormally high returns. Money brough...
To achieve peace in Europe and avoid potential wars elsewhere, one would think that America and the West would be increasing their own supply of oil, gas and coal and driving down prices on the global market. Such initiative would also give fence-sitting counties likeIndia and Brazil in the...
In recent history, stock scams have taken the form of accounting fraud that cooks the books and hides losses to pyramid or Ponzi schemes for otherwise fictitious companies. Here, we look at some of the largest stock scam incidents from the 1980s through the 2000s. ZZZZ Best (1986) Barry...
(Well disguised) Ponzi schemes. The cost of leaving money at big banks in their savings accounts and other lazy moves. The cost of getting too complex in your finances. Overoptimization. Action trumps knowledge. Analysis paralysis. Insurance red flags. The mistake of considering insurance as an...
in $153 million in three hours. as the regulators in more cautious jurisdictions had warned, some turned out to be ponzi schemes or other varieties of outright fraud. everyone in zug knew this. but they were certain that the problem was less with bad actors than flawed software. there was...
Step 4: Exporter of Ponzi schemes Andrey Stenin/Sputnik The investors’ money was never found. Most likely, Mavrodi took it out through his offshore subsidiaries. After the trial, he continued to be involved in financial pyramid schemes, focusing on exporting them abroad: He opened similar sch...
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