Scams of 21th Century

Every minute a sucker is born (PT Barnaum). Let us not be one Some of the scammers 

Some of them

1.  Enron

2.  Ponzi

3.  Bernie Maddoff  

4  Worldcom  -  expness as investment  $11B

5.  Subprime mortgages  packaged as securities -  nearly brought down the entire 

6  Alan Stanford  $7B

7.  Wells Fargo fake accounts

8.  Martin Shrikle -  the $700 pill -  Daraprim  (costing only $1 to manufacture)

9.  ImDB in Malaysia -  robbing the Malaysia sovereign fund

10.  Theranos -Elizabeth Holmes - blood testing fraud, compared to Steve Jobs

11, Wire card -  $2.1B were missing and claimed they are in PHL banks, but was denied by PHL banks

      EY is the auditor, and missed

12.  Archegos eventually caused the downfall of Credit Suisse;   it caused losses in major IB

13.  FTX   Sam Bankman- Fried

Regulators cant control scams.  Just beware.  

Cargo theft on the rise, hitting brokers and supply chain players

Every minute a sucker is born (PT Barnaum). Let us not be one

Cargo thefts are on the rise.   Law enforcement agencies have their hands full neutralizing their nefarious activities.   This involves impersonation and identity thefts to get into the supply chain and steal ....

The losses amount to billion which eventually are passed on to consumers.  We suffer as a result.  This must be stopped

Fake news on the rise

Every minute a sucker is born (PT Barnaum). Let us not be one

More and more people are being fooled by fake news.   This is due to the many soc media platform, many vloggers and lack of fact checking.   I often have been lured to click (click bait) by a controversial cover or title only to find out that the the content has no connection with the headline.  

So you have no way of checking the video to be true or not.   Is legislation the answer.?  Or the platform must check the content being published.  

While fake news per se is not a scam yet (because no one has been gypped of money yet) it is important to note that policies and peeople reaction can change because of fake news.  Or eventually buy the product that is non existent.  

The two warring parties that of the Pres and past presidents have scored most on fake news

More and more people hate being scammed; readership of this blog is up

Every minute a sucker is born (PT Barnaum). Let us not be one

Before this post was disappointed that none or few read the posts here.   But thankfully after months, readership has gone up a bit.

Maybe the posts are more relevant and interesting and a lot of people are beginning to care for  ther hard assets being robbed by scammers 

Let us be wiser and smart, 5 steps ahead of scammers

Thank you viewers

Not delivering on your promises, not keeping your word, lack of determination leads to scam

Every minute a sucker is born (PT Barnaum). Let us not be one

I was advising a  group of young entrepereneurs who are on start up portion of their venture.   However they stalled.  No one was movign to get the papers finished and signed.    No one was moving and product development has not started.  They could not even open a bank account for expenditures and receipt.

So what happens.   The whole business venture fails to materialize and deliver and thus beoomes a dishonest proposition    Your inability to deliver the promised features and benefits is a scam.

So be determined.   Keep your promises, your word.   That is a secret of success.  KEEP YOUR WORD.  Execute what you promised.  Be persistent, Be determined

Fake gurus - do they deliver what they promised? Do you get rich with their advice?

Every minute a sucker is born (PT Barnaum). Let us not be one

They rake in huge amounts of currency through their books, audio tapes, podcasts, videos.  But do they deliver?  Did they follow what they taught.?  Did their prediction (bearish) happen?  Do you still believe in them

This post posted many articles on entrepreneurship and business management.  They are experience based stories.   Are they like my colleagues who teach supply chain management but have not quarreled with truckers, employees or have corrected a bad PO.?  

Have you been a victim of fake gurus?      

Greed is good - paves way for more scams at financial centers

Every minute a sucker is born (PT Barnaum). Let us not be one More terrifying than movies; is this happening. At local bourse, there are rumors circulating that greed works. So many lose their fortunes