Worst frauds of 2009

Kashflow logo
Share this content

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.

Bernard Madoff

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...

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

About Accounting WEB

AccountingWEB logo

Contributions from the AccountingWEB.co.uk editorial team.


Please login or register to join the discussion.

By tysonn
13th Jan 2010 15:01

worst frauds


An interesting read as usual.



Thanks (0)