Sep 03, 2023
By: Vallari VaidyaIn the 21st century, there have been numerous con artists who have acquired substantial riches by employing clever ploys and crafty strategies. These people have manipulated trust, using their wit and smarts to swindle innocent people. The origins of con artis...
Anna Sorokin, who also went by the name Anna Delvey, is a con artist originally from Russia. She pretended to be a rich heiress and tricked wealthy people in New York City social circles. She lied about her identity and fortunes to fool banks, hotels, and rich...
Martin Shkreli, the ex-CEO of Turing Pharmaceuticals, made headlines in 2015 for abruptly spiking the cost of cancer drug Daraprim from $13.50 to $750 per pill. In 2017, he got in trouble for cheating investors in his hedge funds and manipulating his company&a...
Carlos Ghosn, the ex-CEO of Nissan and Renault, got into trouble in 2018 when he was taken into custody in Japan for financial wrongdoing. He was accused of misreporting his income and diverting company funds. Despite denying allegations, he managed to flee fr...
Jho Low, a Malaysian businessman with a current net worth of $150 Million, is thought to be the mastermind behind the huge 1Malaysia Development Berhad (1MDB) scandal. This scandal is one of the biggest financial frauds in history. For this Low took funds from...
Bernard 'Bernie' Madoff is one of the most well-known scamsters of of the 21st century with a net worth of $1.5 Billion. He tricked thousands of investors into giving him about $64.8 billion, through his firm Bernard L. Madoff Investment Securities L...
Allen Stanford, once a billionaire, got in trouble in 2012 for setting up a big $7 billion Ponzi scheme using his company, Stanford Financial Group. He tricked people by promising returns on certificates of deposit (CDs) from his offshore bank. But he instead ...
Elizabeth Holmes, the founder of health tech company Theranos, was once seen as the youngest self-made female billionaire with a net worth of $4.5 Billion. Her riches were based on claims of a blood test gadget, called the Edison, that could run multiple tests...
Eike Batista, who used to be the richest person in Brazil, got in trouble for an insider trading scam in 2018. He made his money from investments in the oil, mining, and shipping businesses, but things fell apart when it was revealed that he shared confidentia...