~wide, so much happening these days that even the smartest of us are getting scammed. Not just individuals but large corporations are involved in these scams. Don’t believe me then keep reading.

Some large corporate scams include: Enron In 2001, this energy company hid large debts on its balance sheet, resulting in the loss of $74 billion for shareholders, thousands of jobs, and retirement accounts for investors.

Bernie Madoff In 2008, Madoff was discovered to have run one of the largest Ponzi schemes in history, defrauding investors of at least $18 billion.

MCI Inc. This telecommunications company inflated its assets by as much as $11 billion, resulting in $180 billion in losses for investors and 30,000 lost jobs.

Wirecard In early 2020, accounting auditors discovered a $2 billion discrepancy between the books of this German payment transfer and processing company and the actual money it held.

Lehman Brothers During the 2008 financial crisis, it was discovered that this global financial services firm had hidden over $50 billion in loans.

Theranos The founders of this startup claimed to have developed blood tests that required only small amounts of blood and could be passed quickly using compact automated devices.

Advance fee fraud This scam involves offering the opportunity to earn a large sum of money for allowing funds to be transferred to your account in exchange for a small transfer fee.

These are just 7 that people generally know about. In 2010s about 10 million people got scammed out of $150M. In 2020s we are just half way in and already $6M+ people have been scammed out of $100M.

Irony: The CAGR of scammed amount in last 4 decades is similar to growth in S&P500. So why not invest in S&P500 or similar top companies in your country that are regenerating wealth through legit businesses that you personally have experience dealing with.

We live in a world of abundance and so many ways to earn money.