The Greatest Scams
From this section you will learn everything about the greatest financial fraudsters and their scams.
John Law’s Paper Pyramid (Part 1)
John Law, the real name Jean Lauriston, a Scottish-born Frenchman is considered to be the author of the first financial pyramid in the history of mankind. We must be thankful to him for the appearance...
Tulip Mania As Pyramid Scheme (Part 2)
This is the Part 2 of the “Tulip Mania As Pyramid Scheme” article. Read the Part 1. At the peak of tulip mania prices for these goods rose so high that no other type of business ...
Tulip Mania As Pyramid Scheme (Part 1)
Pyramid schemes emerged simultaneously with the monetary relations, because commodity exchange could not satisfy all market participants. Money immediately became a universal tool for evaluation of al...
James Reavis: The Man Who Stole Arizona (Part2)
This is the part 2 of the “James Reavis: The Man Who Stole Arizona” article. Read the Part 1. Reavis went to Mexico City and Guadalajara, where he had been studying the state archives...
James Reavis: The Man Who Stole Arizona (Part1)
James Addison Reavis’s affair hits scales. Declaring himself the son of the Spanish Crown aristocrat and the owner of considerable land in the United States, he took charge for the permit to bui...
Ponzi Scheme: History Of Famous Italian Fraudster (Part 3)
This is the Part 3 of the “Ponzi Scheme: History Of Famous Italian Fraudster” article. Read the Part 2. It happened in the mid summer of 1920. Then the Ponzi’s “old friend&rdqu...
Ponzi Scheme: History Of Famous Italian Fraudster (Part 2)
This is the Part 2 of the “Ponzi Scheme: History Of Famous Italian Fraudster” article. Read the Part 1 In 1919 Charles Ponzi got a business idea. He decided that he might publish an intern...
Ponzi Scheme: History Of Famous Italian Fraudster (Part 1)
Charles Ponzi was born on March 3, 1882 in Lugo located near Ravenna (northern Italy). almost nothing is known about a young Italian fraudster. And all that is known causes a number of issues. In his ...
Ponzi Scheme: How It Works
Ponzi Scheme is an investment scheme that provides incomes of earlier investors on account of the funds received from later investors. At first, it may seem perfectly legitimate, but Ponzi scheme is u...