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If people paid a scammer, the biggest reported losses were through bank transfers ($1.5 billion reported lost to scams) and cryptocurrency ($1.4 billion reported lost). When the scam started on social media, people reported losing the most money overall to scammers ($1.2 billion).
In this article, we have collected the 10 biggest scams in history which left the investors penniless and sometimes even destroyed entire economies. 1 In 1996, a Canadian mining company, Bre-X, announced a huge discovery of gold, and in the process went from a penny stock to $280 per share, with a total value of $4 billion.
Apr 14, 2021 · Biggest Money Scams of All Time, Handcuffs, corruption. dollars in an envelope, gavel and book judge. 7. Walter Forbes and Kirk Shelton, CUC International Accounting Fraud. “Cooking the books ...
Apr 1, 2020 · From Vijay Mallya to PNB Scam, here are 9 of the biggest scams in India that shook the nation from its core. 1. Vijay Mallya – Rs. 9000 Crore. There was a time when people used to call him the ...
Mar 13, 2024 · The largest recorded loss from a single email scam amounted to $47 million. Interestingly, the infamous 419 scam, also known as the Advance-fee or Nigerian Prince scam, emerged as mail fraud approximately a century ago. However, email isn't the sole medium exploited for scams.
Sep 30, 2011 · By far the biggest fraud of all time, the great Wall Street ripoff involved more far money (in real dollars) than all the financial frauds of the past put together.
Feb 4, 2021 · The top fraud of 2020 was imposter scams. Scammers showed up wearing many different hats — from that of a government official, to a known business, to a dear family member or friend. The FTC got nearly 500,000 reports of imposter scams, and people reported losing a lot of money to these scammers: $1.2 billion, with a median loss of $850.
