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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.
Perhaps one of the most audacious scams ever pulled was the so-called “sale” of the Eiffel Tower. In 1925, Austro-Hungarian con artist Victor Lustig capitalized on debates about the landmark ...
No list of the biggest money scams of all time would be complete without Bernie Madoff, who recently passed away at the age of 82 in prison while serving a 150-year sentence in North Carolina.The ...
Bernard Madoff, creator of a $65 billion Ponzi scheme, the largest investor fraud ever attributed to a single individual; Matt the Knife, American con artist, card cheat and pickpocket; from age approximately 14 through 21, stole from dozens of casinos, corporations and at least one Mafia crime family.
Scams and confidence tricks are difficult to classify, because they change often and often contain elements of more than one type. Throughout this list, the perpetrator of the confidence trick is called the "con artist" or simply "artist", and the intended victim is the "mark".
The recent death of Bernie Madoff has everyone talking again about money schemes. As the orchestrator of the largest Ponzi scheme in history, Madoff wrote the book on how to get by on the sly ...
The term "phishing" is said to have been coined by the well known spammer and hacker in the mid-90s, Khan C. Smith. [3] The first recorded mention of the term is found in the hacking tool AOHell (according to its creator), which included a function for attempting to steal the passwords or financial details of America Online users.
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