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Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [ 1 ] [ 2 ] In Munich, Germany, Adele Spitzeder founded the Spitzedersche Privatbank in 1869, promising an interest rate of 10 percent per month.
Edward J. Balleisen Fraud: An American History from Barnum to Madoff. ISBN 978-0-691-16455-7 (2017). Princeton University Press. Fred Cohen Frauds, Spies, and Lies – and How to Defeat Them. ISBN 1-878109-36-7 (2006). ASP Press. Green, Stuart P. Lying, Cheating, and Stealing: A Moral Theory of White Collar Crime. Oxford University Press, 2006.
Insurance fraud includes a wide variety of schemes in which insureds attempt to defraud their own insurance carriers, but when the victim is a private individual, the con artist tricks the mark into damaging, for example, the con artist's car, or injuring the con artist, in a manner that the con artist can later exaggerate.
Edward Davenport, self-styled as a "Lord"; [17] from 2005 to 2009 was the "ringmaster" of a series of advance-fee fraud schemes for (non-existent) loans that defrauded dozens of individuals out of millions of pounds, [18] while costing his clients further hundreds of millions in losses when they signed development property commitments backed by ...
The Indian government said it was rescuing its citizens who were lured into employment in Cambodia and were being forced to participate in cyber fraud schemes. The Indian embassy in Cambodia is ...
John Ackah Blay-Miezah (born John Kolorah Blay, 1941–1992) was a Ghanaian con artist.He was a pioneer of advance-fee fraud.He claimed to be worth $47 billion. From the 1960s to 1980s, he is said to have swindled over $200m from victims in North America, Europe, and Asia.
He agreed to forfeit $3.18 million in accounting fees and withdrawals from his account with Madoff. His involvement makes the Madoff scheme not only the largest Ponzi scheme ever uncovered, but the largest accounting fraud in world history. [125] The $64.8 billion claimed to be in Madoff accounts dwarfed the $11 billion fraud at WorldCom.
Akin Omotoso, the filmmaker behind Disney Plus’ Giannis Antetokounmpo biopic “Rise,” has been attached to direct “The Plot to Save South Africa,” an adaptation of Justice Malala’s ...