Michael Monus, founder of Phar-Mor, which ultimately cost its investors more than $1 billion. F. Bam Morrison, who conned the town of Wetumka, Oklahoma by promoting a circus that never came. Lou Pearlman, former boy-band manager and operator of a $300 million Ponzi scheme using two shell companies. Frederick Emerson Peters, American impersonator who wrote bad checks. Thomas Petters is an American masquerading as a business man who turned out to be a con man and was the former CEO and chairman of Petters Group Worldwide. Petters resigned his position as CEO on September 29, 2008, amid mounting criminal investigations. He later was convicted for turning Petters Group Worldwide into a $3.65 billion Ponzi scheme and was sentenced to 50 years in federal prison.
Charles Ponzi and the Ponzi scheme.
Charles Ponzi and the Ponzi scheme. Alves Reis, who forged documents to print 100,000,000 PTE in official escudo banknotes (adjusted for inflation, it would be worth about US$150 million today). John Rigas, cable television entrepreneur, cofounder of Adelphia Communications Corporation and owner of the Buffalo Sabres hockey team, defrauded investors of over $2 billion and was sentenced to a 12-year term in federal prison. Christopher Rocancourt, a Rockefeller impersonator who defrauded Hollywood celebrities. Scott W. Rothstein, a disbarred lawyer from Ft. Lauderdale, Florida, who perpetrated a Ponzi scheme which defrauded investors of over $1 billion.