Browse Frauds
7 results
1MDB: How a Malaysian Sovereign Fund Was Looted for $4.5 Billion
- Present
A sovereign fund built to develop Malaysia instead became a private laundering machine — one that moved through banks, art, film, and shell companies until the money itself seemed to disappear into the architecture of power.
Mining Max: The Korean Crypto Mining Ponzi
- Present
A crypto-mining promise wrapped in Korean trust networks, Mining Max sold contracts for machines that never seemed to mine a thing—until the money, the exits, and the story itself all collapsed at once.
Olympus Corporation: 13 Years of Hidden Losses in Japanese Corporate Culture
- Present
For thirteen years, Olympus hid losses in plain sight—until a British executive asked where the money had gone and discovered that the penalty for telling the truth was exile.
PlusToken: The $6 Billion Chinese Crypto Scam
- Present
A wallet app sold as a shortcut to effortless crypto profits became a machine for moving tens of billions of yuan in and out of China—until the money stopped arriving, the exits clogged, and the architecture of trust collapsed into the largest Ponzi scheme the crypto world had seen.
Satyam Computer Services: India's Enron
- Present
For years, Satyam sold the world a miracle of Indian outsourcing. Then its chairman admitted the balance sheet was built on forged invoices, phantom cash, and a confidence game so large it shook the country’s faith in its own boom.
Terra/Luna: The Algorithmic Stablecoin That Wasn't Stable
- Present
Terra’s promise was seductively simple: let code replace trust, let math replace banks. By May 2022, the market learned that the elegant machine was a loop, and the loop could break.
Torque Trading: Singapore's AI Trading Bot Scam
- Present
Torque Trading sold Singaporeans a future where software could outthink the market; in the end, the only thing reliably compounding was new deposits chasing old promises.