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Great frauds in history: Joel Steinger and the Mutual Benefits Corporation
Features Joel Steinger and the Mutual Benefits Corporation specialised in selling viaticals, shares in the life-insurance policies of the terminally ill.
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Great frauds in history: Takafumi Horie and Livedoor
Features Takafumi Horie used Enron-style dummy partnerships to inflate the revenue and operating profits of his company Livedoor.
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Great frauds in history: Richard Whitney and the White Knight’s pensions raid
Features Richard Whitney went from being the “White Knight” of Wall Street and president of the New York Stock Exchange to a convicted embezzler.
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Great frauds in history: Lord Kylsant and RMSPC
Features Owen Philipps, AKA Lord Kylsant, manipulated the account of the Royal Mail Steam Packet Company (RMSPC), leaving the company's shareholders with nothing.
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Great frauds in history: Jerry Dominelli’s Ponzi scheme
Features J. David “Jerry” Dominelli's classic Ponzi fraud cheated investors out of $80m in the 1980s.
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Great frauds in history: Byrraju Ramalinga Raju and Satyam
Features Byrraju Ramalinga Raju boosted the share price of his company by inflating profits, cash flows and assets, creating false bank statements, customer invoices and even fake salary accounts.
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Great frauds in history: Victor Jacobowitz’s phony account
Features Victor Jacobowitz fiddled the inventory records of his health and beauty products business and defrauded investors out of €177m.
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Great frauds in history: Albert Grant
Features Albert Grant made his money buying worthless companies and using fraud, hype and manipulation to sell them to the public at vastly inflated prices.
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Great frauds in history: James Whitaker Wright
Features James Whitaker Wright's London and Globe Company acquired various mining companies, fiddled the accounts and defrauded investors out of millions.
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