Great frauds in history: Robert Vesco’s dubious schemes
Robert Vesco looted IOS, a Swiss fund of funds, and the funds it ran by having them invest in a web of banks and shell companies that he himself owned…
Great frauds in history: BCCI – Agha Hasan Abedi’s dodgy bank
To all appearances, BCCI – set up by Agha Hasan Abedi – was a legitimate bank. But it was a haven of crooks and criminals, and went bankrupt owing inv…
Great frauds in history: Sergey Mavrodi’s Ponzi scheme
Sergey Mavrodi turned his computer import business into a financial investment scheme and plundered hundreds of millions of dollars.
Great frauds in history: Reed Slatkin’s Investment Club
Reed Slatkin studied with Scientology's founder L. Ron Hubbard and became an ordained minister in the cult 1975. He used his position to set up an unl…
Great frauds in history: John Rigas and Adelphia
John Rigas and his family embezzled at least $1bn from their company, Adelphia, wiping out shareholders.
Great frauds in history: Joel Steinger and the Mutual Benefits Corporation
Joel Steinger and the Mutual Benefits Corporation specialised in selling viaticals, shares in the life-insurance policies of the terminally ill.