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МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure ...
An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [1] [2] If a victim makes the payment, the ...
Steven Robert Comisar. ( 1961-12-30) December 30, 1961 (age 62) Other names. Brett Champion. Occupation. Con man. Steven Robert Comisar (born December 30, 1961) is an American convicted con man and extortionist. [1] Comisar was in federal prison and was released April 27, 2018.
Date apprehended. December 11, 2008. Bernard Lawrence Madoff ( / ˈmeɪdɔːf / MAY-dawf; [2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. [3] [4] He was at one time chairman of the Nasdaq stock ...
Within days, Harvey had recruited some 50 people to pony up $20 each, for a total of $1,000, enough to buy 500 Cash WinFall tickets for the February 7 roll-down drawing. The Patriots won the Super Bowl on February 6, and the following day, the MIT group took home $3,000, for a $2,000 profit.
Steve Wozniak. Stephen Wozniak ( / ˈwɒzniæk /; born August 11, 1950), also known by his nickname " Woz ", is an American technology entrepreneur, electrical engineer, computer programmer, philanthropist, and inventor. In 1976, he co-founded Apple Computer with his early business partner Steve Jobs. Through his work at Apple in the 1970s and ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion ...