The Golden Age of Fraud is Upon Us
The Golden Age of Fraud is Upon Us
Posted April 27, 2021 by Ben Carlson
A 30-something low-level actor created a business plan that would buy the rights to cheap movies and turn around and sell those rights to HBO for audiences in Latin America. The investors backing the project were promised returns of 15% in just 6 months. No bad in an era of 0.25% savings account yields. Investors forked over more than $690 million to bankroll the rights to these films.
So what’s the catch? The movie contracts with HBO were fakes, the business plan was a hoax and the entire ordeal was a Ponzi scheme where new money paid off previous investors. The money was used to provide a lavish lifestyle for the architect of the fraud, Zachary Horowitz.1
One investor claimed to have “99% of his and his family’s money” invested in Horowitz’s scheme.
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Thodex is a cryptocurrency trading platform in Turkey. Last week it was reported the 27-year-old founder of the exchange took a flight to Albania.
He took with him $2 billion from more than 30k clients.
Last month the company brought in hoards of new clients by offering free dogecoin to anyone that signed up.
Whoops.
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I don’t know if this SCAMcoin actually happened or if it’s just a social media thing but it wouldn’t surprise me if it’s real: https://twitter.com/i/status/1385365742506364929
If Charles Ponzi were alive today, I have no doubt that he would be able to raise capital from investors, probably in the form of a SPAC. Many investors would laud him for being a genius as he bilked investors out of millions of dollars.
When I was researching the history of financial scams for Don’t Fall For It the one thing that jumped out above all else is how similar financial frauds are across time and place. They typically involve new technologies, people with extraordinary sales skills and the insatiable human desire for get-rich quick schemes.
Despite the fact that people have been getting duped by hucksters and charlatans for centuries, there was one period that kept coming up over and over again in my research — the 1920s.
It was the golden age of financial fraud.
The Roaring 20s had everything a con-artist looking to dupe people out of their money could ask for — innovation, new financial products, a booming economy, rising markets, new and exciting technologies, loose lending standards, new communication tools and people getting rich all over the place.
To continue reading, please go to the original article here:
https://awealthofcommonsense.com/2021/04/the-golden-age-of-fraud-is-upon-us/
Dr. Scott Young: Is the US Treasury in Trouble? Gold and Trump’s Financial Plans
10-10-2026
Why is the Treasury about to sink? Are we about to lose all our money? When does the gold rise? Is the Gold a currency? What is happening to the Dinar? What does Trump know about the asset of the nation and what is he doing about it?
In recent financial discussions, few topics have sparked as much debate as the stability of the global monetary framework. A recent video featuring Dr. Scott Young brings these concerns to the forefront, offering a stark assessment of the current condition of the U.S. Treasury and the Federal Reserve.
Stock Market Crash Risk Changed in Just 3 Days, Peter Grandich Says
Kitco News: 10-10-2026
Peter Grandich tells Kitco News anchor Jeremy Szafron gold may need one more brief drop under $4,000 to set up the strong bottom it needs, then a run toward record highs in 2028.
Gold bugs, he says, won’t like the first part. Grandich, who says he sold his gold before this year’s drop, explains why he changed his mind on a stock market crash in the last three days and why a 10-year Treasury yield above 6% would signal a financial crisis.
Softbank Seeks To Raise $100 Billion From Gulf Investors
Money and business Economy News - Follow-up Masayoshi Son, chief executive of SoftBank Group, is seeking to raise up to $100 billion from Gulf investors to fund a new wave of investment in artificial intelligence.
Over the past few weeks, Son has held discussions with senior figures, including in the UAE, about the potential fundraising process.
Good Afternoon Dinar Recaps,
GLOBAL ENERGY RESET WATCH: IRAN EXPANDS TANKER THREATS BEYOND HORMUZ AS SHIPPING RISKS GROW
New attacks and warnings across Gulf shipping routes are raising concerns about energy supplies, tanker costs and the economic consequences of prolonged instability, even as diplomatic efforts continue.
TNT:
Tishwash: Iraqi PM to visit Saudi Arabia, Kuwait
Iraqi Prime Minister Ali Al-Zaidi is expected to begin a Gulf tour on Wednesday, October 14, with visits to Saudi Arabia and Kuwait, a government source told Shafaq News.
The source said Al-Zaidi would discuss shared security and economic issues with Gulf officials, as well as regional developments and their impact on security and economic conditions.
During the tour, Al-Zaidi is expected to reaffirm Iraq’s rejection of any attacks launched from its territory against Gulf or other regional states and stress that his government would hold accountable any party involved in such cross-border operations, according to the source.
KTFA
Clare: Doberdani: Parliament will vote on Monday to complete the cabinet formation of al-Zidi's government.
10/9/2026
Member of Parliament Sherwan Dubardani, from the Kurdistan Democratic Party bloc, revealed that Parliament will vote, during its session scheduled for next Monday, on filling the vacant ministerial portfolios and completing the government formation of Prime Minister Ali Falih al-Zaidi.
Doberdani said that a series of talks between the main political forces and blocs led to an understanding regarding granting confidence to the candidates for the ministries that have not yet been decided within Al-Zidi's cabinet.
The Government Chose The Fastest Route, Not The Best One," Masoud Haider criticizes the exchange rate change, asserting that reforming the customs and tax system can generate double the revenue
Baghdad - One News Former Deputy Minister of Finance, Masoud Haider, criticized the Iraqi government's decision to change the dollar exchange rate, considering that resorting to reducing the value of the dinar is the fastest measure to provide financial liquidity and ensure the continued operation of state institutions, but it is not the best economic option, given the existence of alternatives capable of generating greater revenues without imposing additional burdens on citizens.
Good Morning Dinar Recaps,
INDIA RESET WATCH: RBI TAKES NEW STEPS TO DEFEND THE RUPEE AS DOLLAR PRESSURE MOUNTS
India’s central bank is redirecting major oil companies’ dollar purchases and tightening foreign-exchange rules as rising energy costs and global financial pressures push the rupee toward record lows.
America's Debt Is Worse Than France's. Have You Seen France Lately?
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 8, 2026
It all started because the students wanted better quality education... and more teachers. Many schools in France are overcrowded. Some lack teachers. Buildings are crumbing.
So, two weeks ago, students at a high school outside Paris blocked the entrance to their own school to protest these conditions. And the movement caught on; students at hundreds of other schools did the same.
KTFA
Friday Night Video
FRANK26…10-9-26…….TELL ME MORE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
A Generational Financial Reset Is Here : Felix Nikolas Prehn
10-9-2026
On this episode of the WTFinance podcast I had the pleasure of welcoming back Felix Nikolas Prehn. Felix Nikolas Prehn is an economist and former investment banker, trained in London and Hong Kong.
His reading of markets was shaped by mentors who spent careers inside the institutions: hedge fund managers, Wall Street professionals, and senior banking figures.
We’re in a “WARTIME ECONOMY” & GOLD Is a National Security Asset | Graham Summers & Michelle Makori
Miles Franklin Media: 10-9-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Graham Summers, President and Chief Market Strategist at Phoenix Capital Research and Macroeconomics Fellow at the Homeland Defense Institute, about why he believes the U.S. is already operating on a wartime economic footing as its economic competition with China reshapes national security, critical minerals, financial markets, and gold.
Bruce’s Big Call Dinar Intel Thursday Night 10-8-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the Big Call tonight. It is Thursday, October eighth, and you're listening to the Big Doll. We do have a little echo in the background, and it may be affecting the recording. We don't know, but it's not going to deter us from continuing with the call.
I appreciate that, Bob. Thanks. Let's let's go ahead and talk about where we are on Intel today. This is not going to be a super long segment. I don't plan to to drag it out. you know. You guys know I try to come up with a reasonable timeline based on the intel that we get, so we can kind of get an idea of when everything is going to go.
Good Afternoon Dinar Recaps,
GLOBAL FINANCIAL INFRASTRUCTURE RESET: WALL STREET MOVES TOWARD TOKENIZED SECURITIES AS IMF WARNS OF NEW RISKS
Blockchain-based securities are moving closer to mainstream financial markets, while new warnings from the International Monetary Fund highlight why secure settlement, clear rules and investor protection will be essential to the next phase of digital finance.
MilitiaMan & Crew: Iraqi Dinar Update: Important Economic Shifts You Need to See
10-8-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Straight reporting on Iraq’s economy. CBI policy, the budget, oil, banking reform, and the exchange rate — read clean and interpreted without the noise. This channel started as daily phone calls to Mom with the latest dinar news. After she passed in 2022, I built a team so that same standard could keep going for everyone following the story.
Follow MM on X == https://x.com/Slashn
“Still on Course” – RV/GCR Live Chat from Wolverine 7-8-26
We got some good news coming through. we are still on course to get this done and nothing has changed. The private contractor are waiting for notifications to get paid all contracts signed and waiting for banks to release the funds. We are talking about over quintillions of dollars, this amount of funds are not accomplished during regular banking hours, and people are waiting.
Tier4B I am not into that and Tony has given the intel for this.
I do have some good news regarding Dinar.
Emailed to Recaps~Thank you David
Reset Intelligence: Iraq Goes First
By Reset Intelligence | @EXIT_FIAT
Iraq's Central Bank moved the IQD to 1,500 on Wednesday. Read that cut as the end of the story and you miss what Iraq is doing.
It is the first move in a sequence. Lower the rate. Replace the currency. Raise the rate.
"A Hasty Decision That Harmed The Citizen," MP Walaa Al-Jizani Said: "Raising The Dollar Exchange Rate Has Had Negative Effects On The Street, And Parliament Is Moving To Discuss Its Repercussions"
Baghdad - One News - 10/07/2026 Deputy Walaa Al-Jizani, Vice President of the Badr parliamentary bloc, described the government’s decision to raise the dollar exchange rate as “hasty,” stressing that its repercussions have negatively affected the public and harmed citizens.
Good Morning Dinar Recaps,
GLOBAL AI DEBT RESET WATCH: OPEN AI REVENUE GAP RAISES NEW QUESTIONS ABOUT THE AI BORROWING BOOM
New questions about how AI companies report revenue are emerging as technology giants pursue enormous financing deals, putting investor confidence and the sustainability of the AI investment boom under greater scrutiny.
KTFA
Saturday Night Video
FRANK26….10-10-26….JANUARY 1, 2027
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#