CEO Holmes found guilty of investor scam

High-profile CEO Elizabeth Holmes found guilty of fraud

Elizabeth Holmes has become the the latest high-profile CEO to be found guilty of an investor scam. The CEO and founder of blood testing start-up Theranos faces sentencing in September after committing two counts of wire fraud, and two counts of conspiracy to commit fraud. Aged 19, Holmes set out to create a cheaper, less…

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Bernie Madoff and the lure of Ponzi Schemes

Like Bernie Madoff, Charles Ponzi was sent to prison for scamming investors out of millions of dollars

If you’re interested in savings and investments, you’ve probably heard of American fraudster Bernie Madoff, the man responsible for the world’s largest Ponzi scheme. Madoff’s insatiable appetite for money led him to coordinate an elaborate Ponzi that embezzled more than US$64 billion (£46bn). For 17 years until his arrest in 2008, Madoff conned thousands of…

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