Top frauds and fraudsters, cunning and intelligent

Discussion in 'Educational Resources' started by botpro, Mar 17, 2016.

  1. Pekelo

    Pekelo

    Well, here is a top 10 list although all of them were caught, so according to my definition, none were the wiser.

    http://www.worldfinance.com/strateg...f-the-most-controversial-financial-fraudsters

    Currently still operating the best is the Russian Ponzi mester, father of MMM:

    https://en.wikipedia.org/wiki/Sergei_Mavrodi

    If you wondered why he is still free, in Russia ponzis aren't illegal. I also like the Chinese guys who run a Ponzi based on Litecoin. That was double smart...

    https://blog.bitmex.com/chinese-promoter-pumping-litecoin-via-ponzi-scheme/

    "Over $76 million worth of Litecoin has been sent to the above mentioned address. $68 million worth of Litecoin has been spent from the address."
     
    #11     Mar 17, 2016
    botpro likes this.
  2. botpro

    botpro

    Are you guys maybe talking of Madoff? I don't think Madoff's victims were all Jews, or were they?

    Btw, I don't think Madoff will need to sit all of the 150 years... :D
     
    Last edited: Mar 17, 2016
    #12     Mar 17, 2016
  3. Cswim63

    Cswim63

    Botpro, you really need to get out more.
     
    #13     Mar 17, 2016
  4. botpro

    botpro

    You could be right, but one can't know everything.
    I nearly every day discover some interessting things happened in history, and I wonder why I didn't know much earlier of that...
     
    #14     Mar 17, 2016
  5. Pekelo

    Pekelo

    Hey, anybody remember Ivan Boesky? He rated out Milken, paid a 100 million bucks fine and spent only 2 years in prison.

    "Greed is all right, by the way. I want you to know that. I think greed is healthy. You can be greedy and still feel good about yourself."

    http://www.businessinsider.com/meet...treeter-who-inspired-gordon-gecko-2012-7?op=1



    It is unlcear how much money he was able to save from his activities, but on top of that:

    "She began divorce proceedings against Ivan in 1991, eventually agreeing to pay him $23 million and $180,000 a year for life."

    http://www.westchestermagazine.com/...mber-2010/Seema-Boesky-rsquos-Rich-Afterlife/

    I call that a win. So Ivan has to be one of the best fraudsters...
     
    Last edited: Mar 17, 2016
    #15     Mar 17, 2016
  6. botpro

    botpro

    IMO an unbelievable (ie. not that convincing) story / method:

    https://www.fbi.gov/news/stories/2008/march/housestealing_032508
    "
    House Stealing
    The Latest Scam on the Block
    03/25/08

    What do you get when you combine two popular rackets these days—identity theft and mortgage fraud? A totally new kind of crime: house stealing.

    Here’s how it generally works:

    …The con artists start by picking out a house to steal—say, YOURS.
    …Next, they assume your identity—getting a hold of your name and personal information (easy enough to do off the Internet) and using that to create fake IDs, social security cards, etc.
    …Then, they go to an office supply store and purchase forms that transfer property.
    …After forging your signature and using the fake IDs, they file these deeds with the proper authorities, and lo and behold, your house is now THEIRS.*
    [...]"
     
    Last edited: Mar 17, 2016
    #16     Mar 17, 2016
  7. OptionGuru

    OptionGuru

    Big Check Scam


    Someone pays for your service or buys something from you and "mistakenly" gives you a check for a much larger amount. No problem - just deposit the check and wire them the difference.


    ==========================================================

    Friendly Strangers


    The friendly chat initiated by them will soon lead to them wanting some $$$$.




    :)
     
    #17     Mar 17, 2016
  8. botpro

    botpro

    The above link says this:
    I don't know what the writer of the above short article means, because there was IMO no killing of the boom in the 80'ies, except the short 1987 crisis, as the charts clearly show:

    DJI_max.png


    IXIC_max.png

    (Source of the charts: http://www.google.com/finance )
     
    Last edited: Mar 17, 2016
    #18     Mar 17, 2016
  9. botpro

    botpro

    Sorry, I don't get it. How does this work?
     
    #19     Mar 17, 2016
  10. RRY16

    RRY16

    You use an alias like buttpro or marketsurfer.
     
    #20     Mar 17, 2016