Top frauds and fraudsters, cunning and intelligent

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."
 
Cswim63 said:
Botpro, you really need to get out more.
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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...
 
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...
 
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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.*
[...]"
 
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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 $$$$.




:)
 
Pekelo said:
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
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The above link says this:
Ivan Boesky is the money-loving inside trader whose behavior in the 1980s inspired the famous fictional Wall Street character Gordon Gekko.

In just under 25 years, Boesky went from serving as a law clerk in Detroit to being the man who almost single-handedly killed the Wall Street boom era of the 1980s.

Boesky's journey from college failure to Wall Street workaholic is one of a man who was addicted to money and the life lifestyle it provided.

And today, at the age of 75, he's not in bad financial shape either.
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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 )
 
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OptionGuru said:
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.
:)
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Sorry, I don't get it. How does this work?
 
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