Learn financial and business lessons from some of the biggest frauds in history Why does financial fraud persist History is full of sensational financial frauds and scams. Enron was forced to declare bankruptcy after allegations of massive accounting fraud wiping out 78 billion in stock market value. Bernie Madoff the largest individual fraudster in history built a 65 billion Ponzi scheme that ultimately resulted in his being sentenced to 150 years in prison. People from all walks of life have b