Financial Fraudster Hall of Fame

July 11th, 2012
in econ_news, syndication

Econintersect:  Dan Berman has an article at AdvisorOne entitled “5 of History’s Brazen Crooks Who Defrauded Markets.”  The list does not include snake-oil2SMALLnineteenth century Robber Barons, such as Jay Gould, Daniel Drew or James Fisk, and names that should be familiar from the last hundred years such as Charles Ponzi, Ivar Kreuger, Nick Leeson, Bernard Ebbers, Dennis Kozlowski or Bernie Madoff.  It also does not mention the current LIBOR scandal which is being called by some the largest financial fraud in history.  All of the above, and many more not mentioned, are undeniably candidates for the Financial Fraudster Hall of FameCartoon courtesy of Hugh MacLeod, gapingvoid.com.

Follow up:

Here is Berman’s list:

5.  Alves dos Reis

4.  William and Nelson Hunt

3.  Yasuo Hamanaka

2.  Kenneth Lay

1.  Charles Keating

Don’t recognize some of the names?  They definitely belong in the Financial Fraudster Hall of Fame, along with the others that I have mentioned.  The only debate is whether Berman's citations are the top five or not.

Read the details at AdvisorOne.

 

John Lounsbury

 

Sources:









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