In the world today most people delicate themselves by writing threads that talks about scammers in different ways either by been scammed, the Technics or strategies of scammers, ways to dictate scamming platforms, how to avoid scammers and many more, which there effort is really appreciate because it been helpful in one way or the other. But today will love to share the history of scamming which I believe only few people knows about the history.
History__ no one knows the actual year, month or day when scam came into existence but most scam was related back to late 18th or 19th centuries because of similar letter entitled " The letter from Jerusalem". The modern day transnational scam can be traced back to Germany in 1922, There are many variants of the template letter. One of these, sent via postal mail and became popular during the 1980s.
The number "419" refers to the section of the Nigerian Criminal Code dealing with fraud and the charges and penalties for such offenders.
Financial fraud dates back to the year 300 B.C. when a Greek merchant named Hegestratos took out a large insurance policy known as bottomry. The merchant borrowed money and agreed to pay it back with interest when the cargo—in this case, corn—was delivered.
Who created scamming( 419)__ Michael Berry, goes by the alias Shiver Metimbers.
Who is the first scammer in the world__ Emmanuel Nwude Odinigwe popularly known as Owelle of Abunuga.
Criminal status__Released in fraud case, but currently in custody on murder charges Criminal penalty__25 years for fraud case Partner(s)__Emmanuel Ofolue, Nzeribe Okoli, Obum Osakwe, Christian Ikechukwu Anajemba and Amaka Anajemba.
List of fraudsters
__Alfredo Sáenz Abad, retired in 2013 as CEO and vice-chairman of the Spanish bank.
__Frank Abagnale Jr, American imposter.
__John Bodkin Adams, British doctor
__Eddie Antar, founder of Crazy Eddie.
__Ruben Oskar Auervaara, a notorious Finnish
__Mehmet Aydın, Turkish entrepreneur
__Jordan Belfort
__Horatio Bottomley, newspaper owner
__Melissa Caddick
__Cassie Chadwick, pretended to be Andrew Carnegie's
__Charlene Corley
__Edward Davenport, self-styled as a "Lord";
__Tino De Angelis
__Marc Dreier, managing founder of law firm
__Enric Durán, from 2006 to 2008
__Bernard Ebbers, founder of WorldCom
__Ramón Báez Figueroa, banker from the Dominican Republic and former President of Banco Intercontinental (BANINTER),
__Martin Frankel, American former financier
__Vladislav Horohorin, indicted in 2009 for fraud
__Elizabeth Holmes, convicted of 4 counts felony fraud in January 2022
__Shimon Hayut, international ponzi schemer.
__Samuel Israel III, former hedge fund manager.
__Dennis Kozlowski, former CEO of Tyco International.
__Sante Kimes and her son committed numerous frauds.
__Konrad Kujau, German fraudster and forger responsible for the "Hitler Diaries"
__Rudy Kurniawan, Indonesian wine fraudster in America.
__Kenneth Lay, American businessman who built energy company Enron;
__Nick Leeson, English trader.
__James Paul Lewis, Jr., ran one of the biggest ($311 million) .
__Gregor MacGregor, Scottish con man.
__Bernard Madoff, creator of a $65 billion Ponzi scheme.
__Matt the Knife, American con artist, card cheat and pickpocket;
__Billy McFarland organizer of the notorious Fyre Festival.
__Gaston Means, professional con man during U.S. President Warren G. Harding's administration.
__Harshad Mehta, did a fraud without bank receipt of ₹5 billion from State Bank of India
__Barry Minkow, founder of ZZZZ Best
__Michael Monus, founder of Phar-Mor
__F. Bam Morrison, conned the town of Wetumka, Oklahoma by promoting a circus that never came.
__Lou Pearlman, former boy-band manager
__Frederick Emerson Peters, American impersonator who wrote bad checks
__Thomas Petters, American masquerading as a business man.
__Charles Ponzi, Ponzi scheme
__Gert Postel, German mailman
__Alves Reis, ran the 1925 Portuguese Bank Note Crisis
__John Rigas, cable television entrepreneur, co-founder of Adelphia Communications Corporation
__Christopher Rocancourt, a Rockefeller impersonator
__Scott W. Rothstein, disbarred lawyer from Ft.
__Michael Sabo, best known as a check, stocks and bonds forger.
__Emil Savundra, Sri Lankan insurance swindler
__Jeffrey Skilling is an American former CEO of Enron Corporation
__John Spano, struggling businessman who faked massive success in an attempt to buy out the New York Islanders of the NHL in 1996
__Allen Stanford, self-styled banker
__John Stonehouse, the last Postmaster General of the UK and MP
__Kevin Trudeau, American writer and billiards promoter
__Samuel D. Waksal is the founder and former CEO of the biopharmaceutical company
__Ferdinand Ward, financial swindler in the late 1800s
__Dina Wein Reis pled guilty to conspiracy to commit wire fraud in May 2011
__Richard Whitney, stole from the New York Stock Exchange Gratuity Fund in the 1930s
__Whitaker Wright, company promoter, convicted of fraud.
List of top 20 famous scammers
__William Chaloner
__Gregor MacGregor
__Jeanne de Valois-Saint-Remy
__C.L. Blood
__Cassie Chadwick
__William McCloundy
__William Jones
__Victor Lustig
__George C. Parker
__Charles Ponzi
__William Thompson
__Ferdinand Waldo Demara
__David Hampton
__Jerry Tarbot
__Natwarlal
__Reed Slatkin
__Frank Abagnale
__Ali Dia
__Calisto Tanzi
__Bernie Madoff is probably one of the best-known con artists in American.
Sources:-
https://en.m.wikipedia.org/wiki/Advance-fee_scam#:~:text=The%20modern%20day%20transnational%20scam,became%20popular%20during%20the%201980s.
https://www.investopedia.com/articles/financial-theory/09/history-of-fraud.asp
https://en.m.wikipedia.org/wiki/419eater.com
https://en.m.wikipedia.org/wiki/Emmanuel_Nwude
https://en.m.wikipedia.org/wiki/List_of_fraudsters
https://moneyinc.com/the-20-most-notorious-con-artists-of-all-time/
Topic: History of scamming in summary (Read 75 times)
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