The Sale of the Roman Empire (193 A.D.)
Fun fact: The first offical act of the real emperor who "deposed" Julianus was executing the guards who ran the scam.
The Diamond Necklace Hoax (1785)
Fun fact: The resulting scandal triggered the French Revolution.
The Original Ponzi Scheme (1920)
Fun fact: After fleeing the U.S., Ponzi became financial advisor to Benito Mussiolini, where his bungling hastened Il Duce's decline.
ZZZZ Best Cleaners (1986)
Fun fact: In his heyday, Barry Minkow was a featured guest on Oprah Winfrey's TV show!
The Great Insider Trading Scam (1986)
Fun fact: Boesky is the prototype of Gordon Gecko from the movie Wall Street.
The Savings & Loan Scandal (1989)
Fun fact: Five senators were implicated for providing political cover to Keating and his cronies. One of them was John McCain.
The Great Wall Street Rip-Off (Ongoing)
Fun fact: Unlike ALL the other previous frauds in this post, The Great Wall Street Ripoff is going entirely unpunished. Despite the fact that the CEOs of the financial institutions repeatedly lied to investors and profitted mightily from the fraud, it appears as if nobody will serve a single day in jail. This is apparently because the ill-gotten gain is so spectacularly enormous that it has not only allowed the perpetrators to buy control of the government, but also to run a well-orchestrated and highly effective campaign to direct the anger of the public upon other victims of the fraud, rather than upon the perpetrators themselves. As such, the Great Wall Street Ripoff represents the final and complete victory of the fraudsters over attempts to restrain them by law. What's fun about that fact? Nothing, unless you're one of the criminals who pulled it off. In which case, it's freakin' hil-ar-i-ous!!!
READERS: Do you think at least somebody from Wall Street ought to be in prison? If so, click the LIKE button on the top of this post. Maybe if enough people read this article, they'll get angry enough to demand action.