5 Biggest Crowdfunding Scams and Failures of All Time

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1. JuicyFields’ Ponzi Scheme

Amount Raised: $800M 

According to an article by Forbes, the biggest crowdfunding scam of all time has to be the JuicyFields’ Ponzi Scheme of 2022. A cannabis investment platform called JuicyFields promised high returns to invest in cannabis plants and many investors joined the firm and invested in the platform. Recent investigations have since shown that the company may have scammed more than 500,000 investors. Although the dimensions of the fraud are still under investigation, estimates have suggested that the total scam valued at more than $800 million at minimum.

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