If it sounds to good to be true, it probably is. Those words take on dramatic resonance since the public unraveling of investment manager Bernard L. Madoff’s alleged Ponzi scheme.
Over the years, people from CEOS to traders have tried to take advantage of the system. Here are some of the notables from the past two decades.
Lou Pearlman, the legendary manager of *NSYNC and The Backstreet Boys, lived a lifestyle of fame, fortune and fraud. He masterminded investor scams totalling $500 million. Learn more.
Lehman Brothers' bankruptcy protection filing is the largest in history, dwarfing all others. Take a look at the ten biggest corporate filings in US bankruptcy court.
Convicted Ponzi schemer Bernard Madoff loved the high seas. All his boats were sold at auction by National Liquidators on behalf of the U.S. Marshal's Service. Click to see the images.