Financial fraud is a serious white-collar crime that often comes with heavy punishment and fines, but the details of the misdeeds can be stranger than fiction.
Recently, numerous charges of fraud — and alleged fraud — have made headlines. In April, Wells Fargo was fined $1 billion to resolve probes into lending abuses. Elizabeth Holmes founded Theranos at 19 but her success came to a sudden halt when she was charged with "massive fraud" in March.
Financial fraud isn't new, and the extent of the crime can vary significantly. In some cases, billions of dollars are lost and companies end up bankrupt. Most cases have at least one person, but often a group of fraudsters, going to prison.
Some cases involve forged documents, while others focus on trying to sell an item somebody doesn't own. Ponzi schemes are also common. Even bitcoin has been the source of fraud.
From corporate scandals, to major forgeries, to individual pyramid schemes, keep reading to see the most notable, and expensive, fraud cases of all time.
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