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11 Biggest Financial Scandals in History

Become aware of financial scams and learn from these 11 biggest financial scandals in history. There are many ways to trick people into losing their money. There are some people in the world who take advantage of good people wanting to make the most out of their money. The people listed here represent the biggest scams and have gotten millions and even billions of dollars through their tricks. It’s sometimes easy to be allured by a prospect of fast and big money. When it comes to finances, often times, when it feels too good to be true, it is.

There are many ways and many scams that have been used over time. It’s amazing how creative minds can always think of ways others have not yet thought of before. There were even some people listed here that mainly targeted corporations and tried to exploit legal and financial loops. This list involved all aspects of financial scandals, whether it is corruption, corporate, or even individual scams. For a more specific list of corporate scandals you can check out The 10 Biggest Corporate Scandals in Modern History. Of course, these scandals are known to us today because the perpetrators were eventually caught and their schemes revealed.

The scandals found here are ranked based on how much money these people have gotten over before they were caught. You’ll find that some of these are already familiar. You may have even encountered some of them. Let’s explore more as we go through these 11 biggest financial scandals in history:

11. The Ponzi Scheme

Charles Ponzi has an entire scheme based on his name. He fooled lots of investors by getting money that, according to him, would have high returns when converted to another country’s currency. He claimed that the international differences would yield a higher return on investment. In truth, he was actually paying older investors with newer investors’ money. He was eventually caught and the scheme led to the closure of 6 banks.

Biggest Financial Scandals in History


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