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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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How much did Amazon grow in 2020?

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Image source: markets.businessinsider.com It comes as no surprise that among global businesses, Amazon would be on top this year despite having one of the worst economic year in decades. Because of the outbreak of COVID-19, most companies had to deal with losses. But for an e-commerce giant like Amazon, the situation would only highlight their strength in logistics during this opportunity. Here is how Amazon grew as a business in 2020. Steve Sorensen Embezzlement. As a publicly traded entity, Amazon gained trust for its logistics capability and it skyrocketed since, for many, it replaced retail shopping altogether. And with that in mind, people invested more on their stocks and offerings. One could even say that the recent debacle with the US Postal Service also gave way for Amazon to secure more businesses as partners and customers. Steve Sorensen Embezzlement. Image source: ft.com We mentioned that Amazon’s e-commerce space replaced retail shopping. Because of the outbreak...
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