The Greatest Scams

From this section you will learn everything about the greatest financial fraudsters and their scams.

the-greatest-scams - Tulip Mania As Pyramid Scheme (Part 1)

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...

the-greatest-scams - James Reavis: The Man Who Stole Arizona (Part2)

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...

the-greatest-scams - James Reavis: The Man Who Stole Arizona (Part1)

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...

the-greatest-scams - Ponzi Scheme: History Of Famous Italian Fraudster (Part 3)

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...

the-greatest-scams - Ponzi Scheme: History Of Famous Italian Fraudster (Part 2)

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...

the-greatest-scams - Ponzi Scheme: History Of Famous Italian Fraudster (Part 1)

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 ...

the-greatest-scams - Ponzi Scheme: How It Works

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...

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