MacIntyre Hudson's director of counter fraud services, Jim Gee highlights some of the worst frauds of the past 12 months.
Last year proved to be a bumper one for fraud, with 292,799 reports of various scams reported by media outlets and the biggest fraud ever - involving Bernard Madoff's $65bn ponzi scheme - dominating the headlines. The recession sparked a major increase in fraudulent activity in almost every area of the economy, so here's our pick of the biggest, strangest, most wicked and just plain embarassing frauds of the year.
Madoff will forever be famous for having perpetrated what could be the largest fraud ever undertaken, running a ‘Ponzi’ scheme which defrauded investors of up to $65 billion. The investors who lost out included...