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Swindler’s list: History's biggest swindlers

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The allure of wealth and financial freedom has always been the goal of most people since the dawn of currency. Today, people can accrue money by working, but most people don’t earn enough to get rich, or at least to become rich enough not to worry about their finances. This is why there are swindlers who employ financial scams. People who are always looking for ways to earn money in the easiest and quickest way possible are prime targets for swindlers, and history has several big names to use as examples. Here are some of the biggest swindlers in the country. Steve Sorensen Embezzlement. Charles Ponzi Charles Ponzi is the father of the Ponzi scheme. What started as a legitimate business ended up as the foundation of the pyramid scheme. Basically, he used money from new investors to pay his old investors who end up re-investing on his business. At the height of his career, Ponzi was earning one million dollars per day. Steve Sorensen Embezzlement . Lou Pearlman Lou Pearl...
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Important points to remember after being victimized by fraud

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Image source: pymnts.com  Fraud can lead to several problems for the victim, all of which being potentially disastrous. From identity to credit card fraud, people need to know what to do when they find themselves targets and victims. Steve Sorensen embezzlement . Credit card fraud happens when a perpetrator gains access to a person’s sensitive information on their credit card and uses the account to make purchases without the card owner knowing. People become vulnerable to credit card fraud when they lose their credit cards or have it stolen, or a hacker gains info such as account numbers and PINs. Steve Sorensen embezzlement . Image source: pensco.com For this type of fraud, which is quite hard to track, card owners are taken by surprise when they see their monthly statements, conduct bank transactions, or get notified of purchases that are “out of the ordinary.” Steve Sorensen embezzlement . Once a person realized that they are a victim of credit card fraud, th...
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On managing credit score during a crisis

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Image source: pexels.com For many individuals around the world, paying bills has become more difficult due to the COVID-19 pandemic. Since the pandemic started, many businesses have closed or stopped their operations, leaving many employees fending for themselves. In a financial crisis such as this, one should be mindful of their credit score. Steve Sorensen Embezzlement Income reduction and job loss could mean missed payments. Make it a point to reach out to creditors before missing a payment. Creditors may have provisions in place to help debtors navigate through an economic downturn. Immediately reevaluate the cash flow to know where to make cuts in expenses. Look for any bleeders. And, if possible, get rid of them quickly. These may incur charges without one’s knowledge and may increase their debt. Steve Sorensen Embezzlement . Image source: pexels.com A person’s top priority should be their basic needs. Market experts believe that worrying about credit...
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