Crime and Fraud
Hedge Fund CEO Led $450m Ponzi Scheme And Faked Death
There have been many famous Ponzi schemes carried out in the U.S over the last century.
The most famous of all is the scheme carried out by Bernie Madoff, where he stole an unbelievable $64 billion in a period of more than 20 years.
Other scams include Lou Pearlman's $1 billion fraud of boybands, including The Backstreet Boys and NSYNC.
Allen Stanford's $7 billion fraud which involved him buying a cricket team is also notorious.
And Charles Ponzi was the original fraudster, carrying out a $20 million scam in 1920 - worth a massive $287 million now.
One of the less-remembered frauds was that of Samuel Israel in the mid-2000s.
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