7 Biggest Scams of the Stock Market that you will not Believe!

7 Biggest Scams of the Stock Market that you will not Believe

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1. ZZZZ Best - 1986 A 21-Year-old Scammed more than $100 MILLION with his fake company later he was sentenced to 25 years in prison.

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2. Stratton Oakmont - 1996 Stratton Oakmont was a pump-and-dump firm that scammed $200 MILLION of Investors.

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3. Bre-X Minerals - 1997 A false claim of an employee of Bre-X Minerals took the company from a penny stock to a total capitalization of $4.5 BILLION!

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4. WorldCom - 2002 2nd largest telecommunications company scammed people with a total of $100 BILLION by Overstating cash flows & assets.

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5. Bayou Hedge Fund Group - 2005 The founder lied to his investors that their $300 MILLION will turn into $7.1 BILLION. But eventually, he scammed & escaped from investors

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6. Financial Advisory Consultants The founder was cheating investors for over 20 years & scammed its clients for $311 MILLION.

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7. Bernard Madoff - 2008 A Pyramid scheme that took $65 BILLION from all its investors.

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