Top 10 Largest Ponzi Schemes of the 21st Century

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13. Nicholas Cosmo – at least $370 million

Bridge lending companies can be quite lucrative if the right people are involved. Nicholas Cosmo used his place in Agape World to take part in some asset management malpractice. Over a period of several years, he lied to people and misused their money.

Image source: reddit

People could have known he was up to no good if they somehow found out about his previous mail fraud arrests. For the $370 million he had stolen, Cosmo got 25 years in prison. Some people even committed suicide because of him.