By ARANYA PRASAD

The Biggest Financial Scams That Shook The World

Enron (2001) – The Energy Giant Collapse

💥 $74 billion lost 📉Hidden debts, fake profits 👨‍⚖️Execs jailed, stricter laws (SOX Act) 👉Once a Wall Street darling, Enron’s downfall exposed massive corporate fraud and changed U.S. regulations forever.

Image Source: huffingtonpost.com

By Aranya Prasad

Wirecard (2020) – The Phantom Profits 

🌍 Once Europe's hottest fintech star 🔍 $2B “missing” from accounts ⛓️ CEO arrested, company shut 👉 A global fintech scandal that revealed how even regulators can be fooled when audits are faked.

Image Source: tagesschau.de

By Aranya Prasad

Satyam Computers (2009) – India’s Enron

📊 Fake revenue, inflated profits ⚖️Founder confessed on live TV 🔁Acquired by Tech Mahindra 👉The shocking confession shook India's IT image and led to stronger corporate governance norms.

Image Source: The New York Times

By Aranya Prasad

FTX (2022) – Crypto’s Titanic Crash 

🪙 $8B hole in user funds 👨‍💼Sam Bankman-Fried convicted 🚨Triggered global crypto scrutiny 👉 A flashy crypto exchange turned Ponzi case, FTX’s collapse rocked investor trust in digital assets worldwide. 

Image Source: The New York Times

By Aranya Prasad

Bernie Madoff (2008) – The $65B Ponzi King 

💰 $65 billion lost 🔁 Paid old investors with new ones' money ⛓️ Sentenced to 150 years in prison 👉 The biggest Ponzi scheme in history, it shook the foundation of investor trust.

Image Source: The New York Times

By Aranya Prasad

Lehman Brothers (2008) – The Wall Street Meltdown 

🏦 4th largest U.S. bank gone bankrupt 📉 $600B in assets wiped 🌪️ Triggered global financial crisis 👉 Its collapse exposed reckless lending and sparked the 2008 recession.

Image Source: Britannica

By Aranya Prasad

Theranos (2016) – The Blood Testing Lie 

🧪 Fake tech, real hype 💸 $700M raised from top investors 👩‍⚖️ Founder Elizabeth Holmes jailed 👉 Promised revolutionary blood tests — but delivered fraud instead.

Image Source: USA Today

By Aranya Prasad

BitConnect (2018) – Crypto’s First Major Ponzi 

🪙 $2.4B lost globally 🎭 Fake trading bot, pyramid structure ❌ Platform vanished overnight 👉 The scam became a meme — but for many, it was financial ruin. 

By Aranya Prasad

Nirav Modi Scam (2018) – India’s Bank Fraud Bombshell 

🏦 ₹11,400 crore PNB fraud 💎 Faked LoUs (Letters of Undertaking) 🚨 Modi fled, later arrested in the UK 👉 One of India's biggest banking frauds that shocked the global diamond trade. 

Image Source: The Week

By Aranya Prasad

Greensill Capital (2021) – The Supply Chain Mirage 

📦 $10B implosion 💳 Lent money it didn’t have 🏛️ Linked to Credit Suisse, UK government 👉 Once a fintech darling, its collapse revealed risky shadow banking practices.

Image Source: Financial Times

By Aranya Prasad

💼 The deeper you dig, the darker it gets. 

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💬 Know any more scams that should be on this list? 

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By Aranya Prasad

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