Steve Sorensen Embezzlement

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...

Popular internet scams -- Steve Sorensen embezzlement It’s no secret that the internet is riddled with tons of schemes aimed at getting people’s money. Scammers online often masquerade as legitimate businesses, making it hard to discern unless one really studies offers closely. And more and more of them are appearing in our email inboxes and on our social media pages. This blog will look at some of the most prevalent online scams and explain how you can better protect yourself and your business. Steve Sorensen embezzlement. The Nigerian letters scam Most people know of this by now, but it continues to be prevalent. A person will receive an email from a certain individual from the African country, explaining a huge inheritance and asking for your money to have it registered. This embezzlement will gradually escalate to various fake needs like a visa application, travel expenses, and so on until the sender finally vanishes with their “investment.” Steve Sorensen embezzlement . Ma...

Ponzi scams Steve Sorensen Ponzi scams have a lot of mechanics in common, but the most telling sign is the high returns in a small amount of time. Over the decades, there have been thousands of shady deals that have fooled millions of people out of their hard-earned money. Perhaps the promise of easy money was too good to pass. Besides financial literacy, people should really understand how investment works. If not, they could easily fall for a many number of scams circulating in the US. To help understand these scams better, here are some of the minds behind greatest Ponzi schemes ever pulled off. Steve Sorensen.   Scott Rosthstein Rothstein embezzled over $1.2 billion by attracting thousands of investors. Once a respected lawyer from Florida, Rothstein is currently serving a 50-year sentence for his crimes. His scam lasted for years which enabled him to live an ultra-lavish lifestyle. Steve Sorensen Allen Stanford The tale of Allen Stanford is a comical story where an or...