TOP 5 FRAUDS

It seems that in this day and age, there is plenty of deception going on! You can’t turn on the television without breaking news of some type of scandal! Here are MiMi’s top 5 Famous Frauds!

1.Michael Cohen :

Michael Cohen was the attorney of president Trump. (2006-2018) Michael Cohen pled guilty to 8 counts including campaign fraud, bank fraud, and tax fraud. He said he violated laws at the direction of President Trump. Cohen has been sentenced to 3 years in prison.

2. Jussie Smollett:

Jussie Smollett is an American actor and singer who began his career as a child actor. Jussie Smollett was indicted on Feb 20th, 2019 for allegedly paying 2 brothers to stage a fake hate crime assault on him and also for filing a fake police report!

3. Lori Loughlin:

You May remember Lori from Full House. Lori schemed with college admissions con man William Rick Singer To get her daughter Olivia into the University of Southern California as a competitive rowing recruit. Olivia Jade never participated in the sport! Lori paid Singer $500,000 dollars to ensure Olivia Jade would land that golden ticket!

4. Dr. Jorge Zamora-Queszada:

Quezada operated several clinics in Texas. There was $240 million in health care claims, that was based in part on fraudulent claims. This resulted in $50 million dollars being paid to Quezada. He was able to maintain his lavish lifestyle. He owned a personal jet, a fleet of luxury cars as well as numerous commercial and residential properties! Quezada prescribed medications that were not needed to patients and diagnosed them with illnesses they did not have, sometimes even terminal illnesses. Children and the elderly were among his victims!

5. Elizabeth Holmes: My top 5 would not be complete without Elizabeth Holmes right? Elizabeth Holmes was a 19-year-old Stanford dropout. Elizabeth started a company Theranos, which claimed to have revolutionalized blood testing using very small volumes of blood, such as a finger prick. In 2015 Elizabeth Holmes was named by Forbes,  the youngest and wealthiest self-made billionaire in America! What an accomplishment, unfortunately, the decline of Theranos happened when claims begin to surface about the company’s ability to actually do what it claimed. Holmes misled investors and the government. Holmes was charged with deceiving investors by massive fraud and through exaggerated claims about what Theranos could actually achieve. The next year after these claims Elizabeth’s net worth was $0, and Fortune named her as one of the most disappointing leaders.

Well, that’s all folks! There is an HBO special entitled “The Inventor: Out for Blood in Silicon Valley” a documentary about Elizabeth Holmes. I definitely will be watching! Leave a comment, share your thoughts, I would love to hear them!

 

Take Care

MiMi

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