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.  

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

Are organizations, both govt and non govt capable of scams?

 If we include unfulfilled promises or claims or visions that were promised, we would say yest:

1.  Churches/sects -  "If you join us, you will have everlasting life, you will be saved."  -  Do we have enough proofs of those who were saved, or those who had everlasting life.

2.  Schools educational institutions -  "When you study, you will be smarter, you will have high paying jobs."  Really?

3.  Social security system -  safety nets for our workers when they retire or are laid off...

4.  Politicians govt -   We will take care of the poor and take care of your needs.  This country will be great again

5.  Product -  this cream will make you white.  This drug will make you live longer.  

Welcome to scams and fraud warning site

Rizal  |  Philippines   | September 9, 2014



Welcome to this site on frauds and scam warning.

Most crimes now are no longer executed by guns and bullets.  PCs and smartphones  are now the new crime tools.  And of most crimes, frauds and scams, especially on line or via sms are carried out daily.  Of the millions articles posted on the internet, a good number, and I am a recipient of them, are scams and frauds.

Despite numerous articles and warnings on the same many still fall for he scams and fraud and become victims.

The goal of this site is to compile some of the scams so that you will be properly guided.  So that you will not be a sucker.