Eric Sheldon CPA, PC

Top 5 Male and Female Fraudsters in the 21st Century

If you’ve been watching any streaming services this winter, they’re filled with scammer stories that seem too outrageous to believe, such as “Inventing Anna,” “The Dropout,” “Ozark,” and “Dirty Money.” 

What do they all have in common? 

High-profiles and big-money fraud. 

What does this have to do with you, a business owner? There are a lot of things you can learn from watching shows like this. How people commit fraud and swindle hundreds of thousands and even millions from educated people, may seem far-fetched, but it happens.

We’ve put this short list of the top five female and male fraudsters in the 21 Century together. You may want to read about them to discover just how they got away with it … until they didn’t. 

Top 5 Female Fraudsters

Refinery29 provided this list of the 21 Century female fraudsters, including: 

  1. Anna Delvey – fake German Heiress
  2. Elizabeth Holmes – Theranos Founder
  3. Lori Laughlin and Felicity Holmes – College cheating scandal
  4. Patricia Wutaan – swindler 
  5. Kari Ferrel – hipster grifter

Plus, honorable Mention – Melissa King, was the administrator for Sandhogs Local 147 and was sentenced to six years in federal prison for stealing $42 million from union bank accounts so she could live like the superrich.

Top 5 Male Fraudsters 

Resources, such as the Illinois CPA Society and Geoffrey G. Nathan Law Offices, provided these high-profile fraud cases committed by men, including: 

  1. Bernie Ebbers – Worldcom
  2. James Koenig – Waste Management 
  3. Jeff Skilling – Enron
  4. Russel Wasendorf – Peregrine Financial
  5. Bernie Madoff – Wall Street financier

If you spot any similarities in your employees, business partners, vendors, or anyone you do business with, listen to your gut and act on it. 

If you need help establishing internal controls at your company, give me a call. I’d be happy to help you outline the process, identify tools, and recommend software solutions

You Might Also Like 

Did you like this article?

Get notified when I publish new articles. Just enter your email address below.

About the Author

Eric Sheldon

Eric Sheldon

Eric Sheldon is a certified public accountant with more than 25 years of experience in a wide variety of industries. He's the owner/operator of Eric Sheldon CPA, PC, an accounting firm that specializes in providing tax strategy and preparation, accounting, and bookkeeping services to individuals and small business owners.

More information:

How is Crypto Reported to the IRS?

Under the broker information reporting rules, brokers must report transactions in securities to both the IRS and the investor on Form 1099-B. It encompasses cryptocurrency exchanges, custodians, or platforms (e.g., Coinbase, Gemini, or Binance), and digital assets, such as cryptocurrency (e.g., Bitcoin, Ether, or Dogecoin).   Legislation is also extended to existing cash reporting rules

Read More »

How to Account For Crypto Payments In Your Accounting Software?

With the increased attention cryptocurrencies and other digital assets are getting from consumers, companies and governments, you might be wondering how you account for payments in your accounting software?   Currently, the standards used to account for cash or cash equivalents are not applied to crypto, yet. That’s because virtual currencies are not considered legal

Read More »

How to Get a Crypto Loan?

Before jumping right to crypto loan requirements, let’s first take a look at what crypto lending is.   According to Stilt, “Crypto lending refers to a type of Decentralized Finance that allows investors to lend their cryptocurrencies to different borrowers. This way, they will get interest payments in exchange, also called “crypto dividends”.   A

Read More »