Thursday, March 09, 2023

Choose The Best Fraudsters To Lose Your Money

I saw the pic meme above. You have $15. Place your bets. Choose the following people to lose the most amount of money. There is no rule not to bet on a person more than once. Here are the people explained below.

$5 left Sam "SBF" Bankman-Fried. Co-founder and CEO of FTX, a cryptocurrency exchange company.

$5 center Jeffrey Skilling. CEO of Enron, an energy service company.

$5 right Bernie Madoff. Asset manager who committed the largest investment Ponzi scheme in history worth $64.8 billion.

$4 left Martin Shkreli Co-founder and CEO of Turing Pharmaceuticals, a pharmaceutical company produced Daraprim and Vecamyl. Shkreli raised the price of Daraprim from $13.50 to $750.00. However, Shkreli was convicted of securities fraud unrelated to Turing Pharmaceuticals.

$4 center Do Kwon. Co-founder and CEO of Terraform Labs, a cryptocurrency company created TerraUSD and Luna. The two cryptocurrencies collapsed in May 2022.

$4 right Elizabeth Holmes. Founder and CEO of Theranos, a biotechnology company. Holmes was convicted of fraud for blood testing equipment which didn't work.

$3 left Caroline Ellison. CEO of Alameda Research, a hedge fund company.

$3 center Jordan "The Wolf Of Wall Street" Belfort. Stock broker convicted of stock market manipulation with penny stocks.

$3 right Billy McFarland. Co-founder of Fyre Festival, a luxury music festival to promote the Fyre app on Apr 2017 and May 2017. The festival was aborted because of problems with security, food, staff, logistics, accommodations, and talent relations. McFarland was convicted of wire fraud.

$2 left Trevor Milton. Founder, chairman, and CEO of Nikola, an electric vehicle manufacturer company. Milton was convicted of securities fraud and wire fraud.

$2 center Jim Cramer. Money manager and anchor of Mad Money, a CNBC television show on the stock market.

$2 right Adam Neumann. Co-founder and CEO of WeWork, a commercial real estate company providing companies to share commercial space.

$1 left Simon "The Tinder Swindler" Leviev. Thief and con man stealing women's money on Tinder.

$1 center Charles Ponzi. Businessman tricked investors their profits are earned from legitimate businesses. The profits are earned from newer investors giving money which are passed down to older investors. He defined the word Ponzi scheme. Investopedia definition: A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.

$1 right Carlos "Bitconeeeect" Matos. Presenter for the company Bitconnect, a cryptocurrency investment company. Founder Satish Kumbhani indicted on a $2.4 billion Ponzi scheme in Feb 2022. Watch the YouTube video Bitconnect Annual Ceremony High Lights ( Carlos Matos from N.Y. ).

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