From this section you will learn everything about the greatest financial fraudsters and their scams.

Pious Scammer Bernie Ebers (Part 2)

This is the Part 2 of the article. To read the Part 1, please follow the link. In general, until the end Ebbers ran a huge company as a large motel. When

Pious Scammer Bernie Ebers (Part 1)

Eleven billion dollars is the damage that Ebers Bernhard, head of WorldCom, a telecommunications corporation, brought to his investors. Ebbers himself admitted that he failed to have learnt the tricks of accounting.

European Kings Club: Ponzi Scheme on a Queen Scale

A non-profit association the European Kings Club (EKC) was organized by Damara Bertges and Hans Gunther Shpahtholtsem in 1992 and positioned as a real force opposing the major European banks able to

The Mona Lisa Scam

Eduardo de Valfierno, who called himself Marquez, was an Argentine conman who had allegedly planned and carried out the theft of the Mona Lisa. He hired Vincenzo Peruggia, an Italian who worked

Boy Band Mogul Lou Pearlman’s Ponzi Scheme

Most of you are sure to have never heard of Louis Jay “Lou” Perlman, but he created successful 1990s boy bands he Backstreet Boys and NSYNC familiar to many. He became known

The Ladies’ Deposit: ‘Women-Only’ Scam

The Ladies’ Deposit is an early Ponzi scheme, succeeded in Boston during the late 19th century. It’s amazing, but it was the scam invented by woman for cheating women. The scheme was