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James Paul Lewis, Jr., ran one of the biggest ($311 million) and longest running Ponzi schemes (20 years) in U.S. history [44] Victor Lustig , con artist known as "the man who sold the Eiffel Tower ".
As of December 2008, the paper losses were estimated to be $65 billion, easily making it the largest fraud in history. [76] Mark Madoff was found dead in his Manhattan apartment at [77] 158 Mercer Street. Using a dog leash tied to a beam, he had hanged himself from the ceiling.
The plea was the response to a criminal complaint filed two days earlier, which stated that over the past 20 years, Madoff had defrauded his clients of almost $65 billion in the largest Ponzi scheme in history. Madoff insisted he was solely responsible for the fraud.
In 2011, Bernie Madoff, the financier convicted of the biggest fraud in history, was six months into a 150-year jail sentence in the Federal Correctional Complex in Butner, NC, when he contacted ...
Gregor MacGregor (1786–1845): Scottish con man who tried to attract investment and settlers for the non-existent country of "Poyais". [2]Jeanne of Valois-Saint-Rémy (1756–1791): Chief conspirator in the Affair of the Diamond Necklace, which further tarnished the French royal family's already-poor reputation and, along with other causes, eventually led to the French Revolution.
Combined, these losses make the fraud the largest in history. Ultimately, these losses will be paid by American taxpayers, and worse, because most of the money was borrowed by the U.S. government ...
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Also the longest, non-life, officially confirmed sentence ever handed in the world. She defrauded more than 16,000 Thais in a pyramid scheme worth $204 million at the time. [ 8 ] However, the Thai law of the time specified that those convicted of fraud could not serve more than twenty years in prison and her mandatory release was 2009, she was ...