Cheating the World: When Genius Is Abused

5 POINT: World-Class Frauds

"5 Global Cheating: When Genius Is Abused."

1.Bernie Madoff: 2 trillion baht chain share

The former chairman of the NASDAQ stock main market, the creator of the biggest "chain share" in history, he fooled global investors, including famous celebs, for more than 20 years, using money from new people to pay the old ones until the bubble burst in 2008, leaving over $6.5 billion in damage.

Reference source: https://www.investopedia.com/terms/b/bernard-madoff.asp

2.Elizabeth Holmes: One drop of blood, tingling the whole world.

The owner of Theranos, who claims to be able to detect hundreds of diseases from "a drop of blood," tricked billionaires and global politicians into investing until the company was worth nearly $300 billion before the truth was revealed that the technology "doesn't exist."

Reference source: https://www.britannica.com/biography/Elizabeth-Holmes

3.Victor Lustig: The Man Who Sold the 'Eiffel Tower'

The best scammer who used the rhythm of the Eiffel Tower is deteriorating, disguised himself as a government official and successfully sold the Eiffel Tower to a scrap dealer! More importantly, he succeeded twice before fleeing to America.

Reference source: /

4.Charles Ponzi: The Father of Money Trolling

The owner of the famous "Ponzi Scheme." In 1920, he tricked people into making 50% of their profits in just 45 days from international stamp trading. Despite his long prison term, his cheating model has been used by scammers around the world to date.

Reference source: https://www.history.com/news/who-was-charles-ponzi

5.Frank Abagnale Jr.: Top steward 'Catch it if Mr. Absolutely's'

Before he was 21, he was able to impersonate pilots, doctors and lawyers and fake millions of dollars worth of checks around the world. His story was so incredible that he was made into the movie Catch Me If You Can. He is now a security consultant for the FBI.

Reference source: https://www.biography.com/personality/frank-abagnale

"Exaggerated profits are often exchanged for the scariest truth."

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