5 Biggest Corporate Frauds in US History

3. Bernard Madoff

Estimated Losses: $65 Billion

Bernard Madoff, an American financier, stands as one of the most notorious fraudsters in the world. Madoff orchestrated the largest Ponzi scheme in recorded history, duping innumerable investors by misappropriating tens of billions of dollars over the course of several decades. His fraudulent scheme entailed paying investors returns derived not from genuine profits but from their own funds or those of fellow investors.