Top 10 Largest Ponzi Schemes of the 21st Century

[PAGE-BREAK][/vc_column_text][/vc_column][/vc_row]

15. Wendell and Allen Jacobson - $220 million

Utah was rocked by this immense financial scam in 2011. This father and son duo developed a makeshift apartment building company and lured unsuspecting investors into their trap. The Jacobsons’ company, Management Solutions, swindled people for a total of $220 million.

Image source: imgur

When the FBI caught word of their scam, they weren’t able to find anything that would incriminate them. Although the state didn’t press charges, all the scammed people sued them. Many of the Jacobsons’ stolen riches were liquidated to pay the victims off.