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.  

International big time scams

 "Only  paranoid survive"

"Ordinary artist copy, masters steal"

1.  Archegos

    Bill Hwang.  Total loss:   Hwang:   $20 billion.  Banks   $10 billion

    Losing $20 billion in two days. Hard to build easy to lose

2. Bernie Madoff

   Bernie Madoff - $65 billion Ponzi scheme

3.  Adani    

    $120 million loss. Who is right Andani or Hinderburg

4.  Olympus

Olympus - Japan's biggest corporate fraud

5.  Greensill + Adani + Credit Suiss

    Greensill investigation