Investors Who Went Bankrupt In The Stupidest Ways
Bernie Madoff who holds the infamous title of the leader of the largest Ponzi scheme in US history. His investors' losses accumulated to about $65 billion and went undetected for decades.
FULL VIDEO OF How Bernie Madoff Pulled $65 Billion Stock Market Scheme and Never got Caught = https://youtu.be/HpMH6thMJ94
Sam Bankman-Fried had made his fortune through FTX exchange and Alameda Research trading firm and established himself as Crypto King. FTX crashed in November 2022 due to a liquidity crunch. PLAYLIST OF SAM BANKMAN FRIED CRIME = https://www.youtube.com/playlist?list=PLjYxwm-4svNpHGX41xwYPKEX2KqRoYVYq
Patricia Kluge invested a great deal of her high-profile divorce-settlement money into her own vineyard. However, when the housing market crashed, she lost it all — and even had to sell her jewellery and pieces of art at auction.
The leader of the second-biggest investor-fraud case in US history, Allen Stanford is notorious for his shady business dealings and for conning more than 18,000 customers out of their money.
Sean Quinn was once the richest man in Ireland before he lost it all. Because of bad investments in an Irish bank, Quinn was forced to hand over most of his $2.8 billion fortune. In November 2011, Quinn claimed his assets to be less than £50,000 when he filed for bankruptcy.
Ex-President Donald Trump is no stranger to bankruptcy. Though Trump himself has never declared bankruptcy, the businessman turned politician has declared bankruptcy on quite a few of his numerous companies.
The Icelandic tycoon Björgólfur Gudmundsson made his fortune in the brewing industry. He also served as owner of the UK football team West Ham.
However, in 2009, the man who was once the second-richest man in Iceland filed for bankruptcy.
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You can implement this while investing at your own risk and after consulting your financial advisor.
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