financial scams
Therese Ember: The Greatest 19th Century Financial Scam
At the heart of the financial pyramid there is always a legend about how high returns are provided. Theresa Amber, French by origin, was a real master of it. Teresa made up a story — how appeari...
The Kubus Scheme: The Greatest Scam of the 80’s
The Kubus scheme, a Ponzi scheme that started in South Africa in the 1980s and was extended to the United States. Even to this day it remains one of the biggest scam in the history of both countries. ...
Playboy and Conman Bernie Kornfeld
Bernard „Bernie“ Kornfeld was a prominent businessman and international financier who sold investments in US mutual funds. Bernard was born in Turkey. After moving to the US, he began work...
‘MI5 agent’ Conman Robert Hendy-Freegard
Robert Hendy-Freegard is a British conman who posed as an MI5 agent, Special Branch or Scotland Yard working against IRA. Having got control over victims, he went to the end, depriving them of the rem...
Quackery: From Renaissance to the Present Day (Part 1)
Renaissance brought with it a tremendous faith in the human mind possibilities, which countless fraudsters took advantage pretending to be inventors of miraculous elixirs. Since then science reached t...
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 Nami had operated for seven years, but dur...
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 know much about the origins of Mary Branca...
Ivan Rykov’s Bank — First Ponzi Scheme in Russia
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 scheme. That is not the case. The first...
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