5 Biggest Stock Scams In Recent Years

1. Bernie Madoff

Of course, topping the list of the 11 biggest stock scams in recent years is the Madoff Ponzi scheme. Bernie Madoff was one of the most influential people in the finance people in the United States, and operated an investment management company, which was later revealed to be a Ponzi scheme worth tens of billions of dollars. Instead of actually investing the money his clients gave him in stocks and securities, he simply kept the cash in his bank account and showed incredibly inflated, incredibly fake returns. The funny thing is, despite numerous people reaching out to the SEC for at least a decade before the scam was finally made public in 2008, the organization botched every investigation. The truth only came out when Madoff himself admitted this to his sons and received a 150 year sentence.

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