the.com/fraud
the art of stealing with a smile instead of a gun
means deliberate deception carried out for unlawful gain, or the person who commits it.
from From Latin fraus (genitive fraudis), meaning 'deceit, injury, or harm,' which slipped into Old French as fraude before settling into English in the late Middle Ages. The Latin root carried a moral sting from the start — it could mean both the trick and the damage it caused, as if the language already knew the two were inseparable.
- oldest con
- Greek merchant tried insurance fraud in 300 BC
- global cost
- Trillions vanish yearly to deception worldwide
- weapon of choice
- Confidence, not crowbars, opens the most doors
- Ponzi origin
- Charles Ponzi promised 50 percent in 90 days
- detection
- Benford's Law catches faked numbers by their first digit
theranos elizabeth holmes — fake blood testing company that claimed to test 200+ diseases, valued at $9 billion in 2014 before collapse in 2015
madoff investment scandal — bernard madoff's $65 billion ponzi scheme operated for 17 years until 2008 arrest
enron accounting fraud — energy company hid $586 million in losses through accounting tricks, collapsed in 2001
wirecard payment processor — german fintech company falsified $2 billion in accounts, ceo arrested in 2020