A Look At The Most Infamous Investment Frauds In U.S. History
Securities fraud, corrupt brokerage firms and stockbroker misconduct have become a permanent fixture in news headlines recently. What follows is a summary of an article that first appeared in BusinessWeek on March 11, 2009, about the most celebrated financial frauds and scandals in U.S. history.
Interestingly, more than half of the alleged frauds featured in the story occurred in 2008 and 2009.
Estimated losses to investors: $65 billion
Estimated losses to investors: $20 million
Estimated losses to investors: $8 billion
Estimated losses to investors: $8 billion
Estimated losses to investors: $1.6 billion
Estimated losses to investors: $350 million
Estimated losses to investors: $1 billion
Estimated losses to investors: $1.4 billion
Estimated losses to investors: $1.4 billion
Estimated losses to investors: $554 million
Estimated losses to investors: $393 million
Estimated losses to investors: $380 million
- Samuel Israel III
Estimated losses to investors: $350 million
Our affiliation of lawyers is actively involved in advising individual and institutional investors in evaluating their legal options when confronted with subprime and other mortgage-related investment losses.
