- Investment Blog
- Investment Blog

Kazutsugi Nami’s Ponzi Scheme

Year made public: 2009Estimated Losses: $1.4 billion Founded in 2000, Japanese bedding linen company Ladies & Gentlemen (L & G) governed by Kazutsugi Na...

- Investment Blog

Ant Farm Scam

Quite an unusual pyramid scheme was built by a Chinese businessman Wang Fenguou. In 1999, he opened ‘Yilishen Tianxi Group of China’, to make health...

- Investment Blog

Double Shah’s Scam

In 2005, syed sibtul hassan shah, an ordinary teacher from Pakistan, returned from Dubai to Wazirabad (Punjab) and made his neighbors a bargain. Having convince...

- Investment Blog

Dona Branca’s Ponzi Scheme

Maria Branca dos Santos, a common Portuguese woman, commonly referred to as Dona Branca, decided to enrich herself by opening her own bank in 1970. We do not kn...

- Investment Blog

Russian House ‘Selenga’

Financial Company JSC Russian house “Selenga” (RHS), one of the earliest Ponzi schemes in Russia, started functioning in 1992. People easi...

- Investment Blog

Ivan Rykov’s Bank — First Ponzi Scheme in Russia (Part 2)

This is the Part 2 of the “Ivan Rykov’s bank — the first Ponzi scheme in Russia” article. Read the Part 1. Collapse of coal scam Ry...

- Investment Blog

Ivan Rykov’s Bank — First Ponzi Scheme in Russia (Part 1)

There is a common but mistaken opinion that MMM Ponzi scheme, one of the world’s largest financial scam of all time, was also the first Russian Ponzi...

- Investment Blog

MMM’s Ponzi Scheme: To Russia, With Love (Part 2)

This is the part 2 of the “MMM’s Ponzi Scheme: To Russia, With Love” article. Read the Part 1. In general, MMM operated actively only for...

- Investment Blog

MMM’s Ponzi Scheme: To Russia, With Love (Part1)

“MMM” is the biggest Ponzi scheme of all that ever existed in the Soviet Union and then in the Russian Federation. According to various ex...

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