From this section you will learn everything about the greatest financial fraudsters and their scams.
It is in times of crisis when pyramid schemes become relevant. This is due to the fact that credibility to usual financial instruments decreases, but investors are trying to do everything not
John Law, the real name Jean Lauriston, a Scottish-born Frenchman is considered to be the author of the first financial pyramid in the history of mankind. We must be thankful to him
Pyramid schemes emerged simultaneously with the monetary relations, because commodity exchange could not satisfy all market participants. Money immediately became a universal tool for evaluation of all that the eye would catch.
James Addison Reavis’s affair hits scales. Declaring himself the son of the Spanish Crown aristocrat and the owner of considerable land in the United States, he took charge for the permit to
This is the Part 3 of the “Ponzi Scheme: History Of Famous Italian Fraudster” article. Read the Part 2. It happened in the mid summer of 1920. Then the Ponzi’s “old friend”
This is the Part 2 of the “Ponzi Scheme: History Of Famous Italian Fraudster” article. Read the Part 1 In 1919 Charles Ponzi got a business idea. He decided that he might
Charles Ponzi was born on March 3, 1882 in Lugo located near Ravenna (northern Italy). almost nothing is known about a young Italian fraudster. And all that is known causes a number
Ponzi Scheme is an investment scheme that provides incomes of earlier investors on account of the funds received from later investors. At first, it may seem perfectly legitimate, but Ponzi scheme is