A smoke detector is a device that can sense smoke, providing an indication of possible fire, thus providing security to workers and residents. In commercial situations, smoke detectors issue a signal to a fire alarm control panel, whereas household smoke detectors (popularly known as smoke alarms) provide audible or visual alarm from the detecting object itself.
Enclosed is a list of what Communal News considers the recent largest white collar ripoffs starting from around the year 2000.
1. Bernard Madoff – Bernard L. Madoff Investments – NASDAQ’s chairman in 1990, 1991 and 1993. – US Largest fraud over $50 billion dollar Ponzi scheme.
2. Kenneth Lay – Enron – Co-chairman of Bush’s 1992 re-election committee. – Went from running America’s most admired company to guilty of fraud.
3. Allen Stanford – Stanford Financial Group – Knighted with the title “Sir Allen.” – 2nd-largest Ponzi scheme in U.S. history.
4. Bernard Ebbers – WorldCom – “Telecom Cowboy” – Nation’s largest accounting fraud.
5. Jon Corzine – MF Global – Elected Senator & Governor of New Jersey; Member of the Senate Banking Committee. – Bankrupting MF Global two years after losing his New Jersey Governorship.