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Frankensteins Of Fraud
''Frankensteins of Fraud'' is a book written by Joseph T. Wells, founder of the Association of Certified Fraud Examiners. Subtitled ''The 20th Century's Top Ten White-Collar Criminals'', the book profiles ten famous criminal frauds. From Charles Ponzi, the father of the Ponzi scheme, to Crazy Eddie, this books talks about the crimes committed by these fraudsters and the consequences of those crimes. After publishing the book, Wells donated the materials that he'd collected during his research to establish the Fraud Museum in Austin, Texas. Synopsis ''Frankensteins of Fraud'' covers the following criminals and their activities: * Charles Ponzi, father of the Ponzi scheme who arrived in America with as little as $2.50 in his pocket and soon grew to earn millions by conning thousands of working people. * Cassie Chadwick, who claimed to be the daughter of Andrew Carnegie who was supposed to inherit $400 million had her opportunities created for her by tons of banks agreeing to loan h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph T
Joseph is a common male given name, derived from the Hebrew Yosef (יוֹסֵף). "Joseph" is used, along with "Josef", mostly in English, French and partially German languages. This spelling is also found as a variant in the languages of the modern-day Nordic countries. In Portuguese and Spanish, the name is "José". In Arabic, including in the Quran, the name is spelled '' Yūsuf''. In Persian, the name is "Yousef". The name has enjoyed significant popularity in its many forms in numerous countries, and ''Joseph'' was one of the two names, along with ''Robert'', to have remained in the top 10 boys' names list in the US from 1925 to 1972. It is especially common in contemporary Israel, as either "Yossi" or "Yossef", and in Italy, where the name "Giuseppe" was the most common male name in the 20th century. In the first century CE, Joseph was the second most popular male name for Palestine Jews. In the Book of Genesis Joseph is Jacob's eleventh son and Rachel's first son, and k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ivar Kreuger
Ivar Kreuger (; 2 March 1880 – 12 March 1932) was a Swedish civil engineer, financier, entrepreneur and industrialist. In 1908, he co-founded the construction company Kreuger & Toll Byggnads AB, which specialized in new building techniques. By aggressive investments and innovative financial instruments, he built a global match and financial empire. Between the two world wars, he negotiated match monopolies with European, Central American and South American governments, and finally controlled between two thirds and three quarters of worldwide match production, becoming known as the "Match King".''Kreuger Genius And Swindler'' by Robert Shaplen (Alfred A. Knopf Inc. New York; 1960, p.9) Kreuger's financial empire has been described by one biographer as a Ponzi scheme, based on the supposedly fantastic profitability of his match monopolies. However, in a Ponzi scheme early investors are paid dividends from their own money or that of subsequent investors. Although Kreuger did this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Non-fiction Books
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Milken
Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws. Milken's compensation while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s exceeded $1 billion over a four-year period, a record for U.S. income at that time. With a net worth of $6 billion as of 2022, he is ranked by ''Forbes'' magazine as the 412th richest person in the world. Milken was indicted for racketeering and securities fraud in 1989 in an insider trading investigation. As the result of a plea bargain, he pleaded guilty to securities and reporting violations but not to racketeering or insider trading. Milken was sentenced to ten years in prison, fined $600 million (although his personal website claims $200 million) and permanently barred from the securities indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Whitacre
Mark Edward Whitacre is an American business executive who came to public attention in 1995 when, as president of the Decatur, Illinois-based BioProducts Division at Archer Daniels Midland (ADM), he became the highest-level corporate executive in U.S. history to become a Federal Bureau of Investigation (FBI) whistleblower. For three years (1992–95), Whitacre acted as a cooperating witness for the FBI, which was investigating ADM for price fixing. In the late 1990s Whitacre was sentenced to nine years in federal prison for embezzling $9.5 million from ADM at the same time he was assisting the federal price-fixing investigation. ADM investigated Whitacre's activities and, upon discovering suspicious activity, requested the FBI investigate Whitacre for embezzlement. As a result of $9.5 million in various frauds, Whitacre lost his whistleblower's immunity, and consequently spent eight and a half years in federal prison. He was released in December 2006. Whitacre is currently ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Vesco
The name Robert is an ancient Germanic given name, from Proto-Germanic "fame" and "bright" (''Hrōþiberhtaz''). Compare Old Dutch ''Robrecht'' and Old High German ''Hrodebert'' (a compound of '' Hruod'' ( non, Hróðr) "fame, glory, honour, praise, renown" and ''berht'' "bright, light, shining"). It is the second most frequently used given name of ancient Germanic origin. It is also in use as a surname. Another commonly used form of the name is Rupert. After becoming widely used in Continental Europe it entered England in its Old French form ''Robert'', where an Old English cognate form (''Hrēodbēorht'', ''Hrodberht'', ''Hrēodbēorð'', ''Hrœdbœrð'', ''Hrœdberð'', ''Hrōðberχtŕ'') had existed before the Norman Conquest. The feminine version is Roberta. The Italian, Portuguese, and Spanish form is Roberto. Robert is also a common name in many Germanic languages, including English, German, Dutch, Norwegian, Swedish, Scots, Danish, and Icelandic. It can be use ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phillip Musica
Philip Mariano Fausto Musica (1877 – December 16, 1938), also known as F. Donald Coster, was an Italian swindler whose criminal career spanned parts of three decades. His various crimes included tax fraud, bank fraud, and bootlegging. However, he is best known as the mastermind of the McKesson & Robbins scandal of 1938, one of the largest financial scandals ever perpetuated by a single person. Early life Musica was born in 1877 in Naples to Antonio and Maria Musica. He moved to New York City at the age of seven and grew up in Mulberry's Bend, a rough neighborhood in Little Italy. Philip would eventually have three brothers and a sister. As a boy, Musica admired Theodore Roosevelt, at the time the city's hard-charging police commissioner. First convictions for fraud A. Musica and Son Musica dropped out of school at the age of 14 to help out at his father's small grocery store, A. Musica and Son. Within two years, he was running the store. He soon left day-to-day operations to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Market Crash Of 1929
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Carnegie
Andrew Carnegie (, ; November 25, 1835August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States, Great Britain, and the British Empire. During the last 18 years of his life, he gave away around $350 million (roughly $ billion in ), almost 90 percent of his fortune, to charities, foundations and universities. His 1889 article proclaiming " The Gospel of Wealth" called on the rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax, and stimulated a wave of philanthropy. Carnegie was born in Dunfermline, Scotland, and emigrated to Pittsburgh with his parents in 1848 at age 12. Carnegie started work as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of Certified Fraud Examiners
The Association of Certified Fraud Examiners (ACFE) is a professional organization of fraud examiners. Its activities include producing fraud information, tools and training. Based in Austin, Texas, the ACFE was founded in 1988 by Joseph T. Wells. The ACFE grants the professional designation of Certified Fraud Examiner (abbreviated CFE). Founder Joseph T. Wells founded the ACFE and is its chairman. After graduating from the University of Oklahoma, he worked for ten years with the Federal Bureau of Investigation, during which time he investigated the former Attorney General John N. Mitchell's involvement in Watergate. In addition to his duties as chairman, Wells writes, researches and lectures to business and professional groups on white-collar crime issues. He has written books and articles on fraud prevention and detection. His writings appear in professional journals. Global Fraud Conference With companies losing up to 5% of annual revenue to occupational fraud, the ability ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cassie Chadwick
Cassie L. Chadwick (10 October 1857 – 10 October 1907) was the most well-known pseudonym used by Canadian con artist Elizabeth Bigley, who defrauded several American banks out of millions of dollars during the late 1800s and early 1900s by claiming to be an illegitimate daughter and heiress of the Scottish-American industrialist Andrew Carnegie. Newspaper accounts of the time described her as one of the greatest con artists in American history. She pulled off the scam in the Gilded Age of American history, during which time women were not allowed to vote or get loans from the banks, leading some historians to refer to her bank heist as one of the greatest in American history. Early life Cassie Chadwick was born Elizabeth Bigley on March 28, 1857 in Appin, Ontario. She was the third daughter in a family of two boys and six girls born to Daniel and Mary Ann Bigley. Daniel was a railroad section hand. Three years later, the Bigleys moved to a small farm near Eastwood, Ontario. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austin American-Statesman
The ''Austin American-Statesman'' is the major daily newspaper for Austin, the capital city of Texas. It is owned by Gannett. The paper prints Associated Press, ''New York Times'', ''The Washington Post'', and ''Los Angeles Times'' international and national news, but has strong Central Texas coverage, especially in political reporting. The ''Statesman'' benefits from the culture and writing heritage of Austin. It extensively covers the music scene, especially the annual South by Southwest Music Festival. The newspaper co-sponsors Austin events such as the Capital 10K, one of the largest 10K runs in the U.S., and the Season for Caring charity campaign. In the Austin market, the ''Statesman'' competes with the ''Austin Chronicle'', an alternative weekly. Circulation In 2009, the ''Austin American-Statesman'' ranked 60th in circulation among daily newspapers, according to the Audit Bureau of Circulations. Figures from Scarborough Research show the ''Statesman'' — in print an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
