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Financial scams are among the most common crimes. For example, in 2023, 15% of Americans said at least one member of their household had fallen prey to one, including 8% reporting that it had happened to themselves personally. (The latter figure translates into roughly 21 million U.S. adults.)

So we at Bored Panda decided to expand on the issue and asked our readers on Facebook to share what they believe to be the biggest frauds in the history of mankind. From the diamond industry to double taxation, here are the most popular answers that we've received.

#1

27 People Share The Biggest Scams In History That Are Still Up To This Day Millionaires running their companies into the ground, filing for bankruptcy, then rinse and repeat.

Susan McKissick Smith Report

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#2

27 People Share The Biggest Scams In History That Are Still Up To This Day At this point in time subscription services. Everything is that way now and the monthly fees for each item adds up.

Melissa Ryan Report

#5

27 People Share The Biggest Scams In History That Are Still Up To This Day Without a doubt: Religion

Petter Jakobsson Report

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Ellinor
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

People always mistake religious people with extremists. Religion is not bad in itself but the people taking it too far are : You're free to believe anything as long as you don't harm other human beings or try to impose your beliefs. (And when people think of religion they almost always thing of the big 3, Christian/Muslim/Jew when there are tons of other religions)

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#6

27 People Share The Biggest Scams In History That Are Still Up To This Day Mega churches

B-Rad Carithers Report

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WindySwede
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Please don't fall for this!if the dude in charge lives in a mansion, have private jets he only in it for the money.. et cetera!

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#7

27 People Share The Biggest Scams In History That Are Still Up To This Day Hospital car parking fees

Sharon Kaye Boskovich Report

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Apatheist Account2
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

The stupidest version of this is paying in advance. Our local had that for a while - thankfully realised how dumb it was for something like A&E, where one has no idea how long it would be before being seen.

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#8

27 People Share The Biggest Scams In History That Are Still Up To This Day The trickle down effect

Lisa B. Whitaker Report

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Sand Ers
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

And an opaque name for the same thing is “neoliberalism”. Which is in no way liberal. It asserts that as long as the rich people are doing well and “the economy” is doing well, everything is fine. So prioritize commerce over all other programs, and treat people’s needs as optional. As long as you cover whatever arbitrary percentage is deemed “enough”, the people left out are ignored, and nothing else needs to be done.

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#9

27 People Share The Biggest Scams In History That Are Still Up To This Day That if we work hard we'll be able to live comfortably!! afford to buy a house, car, and holidays, when the reality is we can barely afford food and energy

Vicky Mckenna Report

#10

27 People Share The Biggest Scams In History That Are Still Up To This Day That the rich deserve or are entitled to obscene wealth and privilege

Sean Morrissey Report

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Sand Ers
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

The notion that possession of wealth means that it was legitimately earned, as an axiom. It’s been drilled into us for so long that most people just accept it as some sort of natural law, and never question it.

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#11

27 People Share The Biggest Scams In History That Are Still Up To This Day Insurance of any kind. You use it, the rates go up. You don’t use it, the rates go up

Tina Placek-Pelot Report

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JB
Community Member
1 day ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Insurance isn’t necessarily as bad as some people think, although it absolutely can be. The original idea was that people shouldn’t experience financial hardship based on bad things happening that you know can happen but it’s incredibly difficult to save up enough just in case, and you can’t predict when or what bad things will happen. Just over two years ago, I “spent” roughly $10K trying to save a pet’s life. $1K came out of my bank account, the rest came from the insurance I paid every month for the entire 16+ years of her life. Not sure why but I tallied up how much I had paid for insurance for her, her litter mate and another pet who is now in his teens. Turns out I had paid slightly less over the years than the total paid out to provide healthcare whenever they were sick. Last year, the pipeline from city water mains failed, leaking water into my and my neighbours’ property. Fortunately, my house insurance covered $7K of the necessary repairs. I didn’t build the house but the fact the leak happened within my fence line made it my problem. It should never be a problem again and, yes, the insurance payout covers about seven years’ of insurance payments. That’s what insurance should be about. Never having to question if this essential care, repairs or whatever can be afforded. It’s expensive, not going to deny that. However, whenever my pets were ill, I never had to question if I could afford the best treatment available. I got the peace of mind to say, “whatever it takes that is in their best interest, you do that.” That’s why I have insurance.

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#13

27 People Share The Biggest Scams In History That Are Still Up To This Day The idea that one group of people is innately better than another group of people

Rebecca Furtado Report

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WindySwede
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

If it's a group of kind hearted cat owner, VS a group of misogynistic hateful that wanna kill cats... 😿 but I guess that is jot what it meant. Just be kind and that all genders alike, kind to animal and nature we are all good!

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#14

27 People Share The Biggest Scams In History That Are Still Up To This Day Government works for the people

Brenda Kiehlmeier Report

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WindySwede
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You need to vote better! Not for the corrupt that's in it for power and money.

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#15

27 People Share The Biggest Scams In History That Are Still Up To This Day Schooling, judging by the number of people who "did their own research" with their conspiracy theory articles

J.J. Chien Report

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#16

27 People Share The Biggest Scams In History That Are Still Up To This Day The diamond industry. Super corrupt and monopolized. Diamonds are great, but it's time to step away from them being the coveted stone.

Sol-leks Swearingen Report

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DennyS (denzoren)
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Diamonds are expensive because people keep valuing it as such. With everything if we stop buying it, it'll lose value.

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#17

27 People Share The Biggest Scams In History That Are Still Up To This Day The 40 hour work week

Destiny Lee Shastel Anderson Report

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Lyone Fein
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Our neolithic ancestors only worked 2 or 3 hours a day. And food was quite plentiful for them. Then they could do whatever they wanted the rest of the time.

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#18

27 People Share The Biggest Scams In History That Are Still Up To This Day The banking system, particularly loans and especially mortgages. Diabolical, evil, criminal, sinful

Dane Douglas Report

#19

27 People Share The Biggest Scams In History That Are Still Up To This Day the importance of politicians

Aleksandar Stojanovic Report

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PFD
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This doesn't make sense. Politicians are extremely important. If yours aren't making any difference, you're electing the wrong ones. Ditto if they're making the wrong difference. The real scam is the claim that politicians don't really matter, which is a handy pass for the incompetent and corrupt.

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#20

27 People Share The Biggest Scams In History That Are Still Up To This Day Job agencies. The get about $5 an hour of your pay for you doing the same and more if you went for a job without them. It’s a dam wall restricting jobs and have removed all Human Resources from companies to help the employer to get away with treating people like s**t.

Paul Kinder Report

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#21

27 People Share The Biggest Scams In History That Are Still Up To This Day Interest and credit scores.

Dani Renfro Report

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DennyS (denzoren)
Community Member
1 day ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

The bank to my recently graduated cousin: take a credit card, it'll help your credit score. The same bank to my recently graduated cousin: credit cards are slow, take a loan to increase it quickly.

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#22

That the meek shall inherit the earth. Nope, it's the most aggressive who shout loudest who get what they want.

Report

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Libstak
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

It's kinda like this, you walk into a bar and there is 2 gangs brawling. You nope out. You come back later and if you're lucky, the walls are still standing and you can peacefully have a beer. The earth may be damaged but what's left after the bullies and nasties all end each other is there for those who stayed as far as they could get from the hatreds and bigotries which brought the nasties down.

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#23

27 People Share The Biggest Scams In History That Are Still Up To This Day Adulting, it's really not all it's cracked up to be

Suzanne McAleese Report

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#24

27 People Share The Biggest Scams In History That Are Still Up To This Day Having to buy water to drink something that's already natural but it was never originally owned by anyone

Katherine Lloyd Report

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Russ Kincade
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

A reverse osmosis filter is much cheaper and more convienient than bottled water and you won't be getting as much microplastics!

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#26

27 People Share The Biggest Scams In History That Are Still Up To This Day Double taxation. I get being taxed for roads, services and schools (can’t have roads if there’s no money to build them and can’t have schools and teachers if no one pays for that) but we are taxed on our income, fine. Then with the money we got left over, we get taxed again on anything we buy that isn’t groceries. Buy a used car, that tax has already been paid but they tax each new owner for the same car.

Rachel Pitre Report

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Jessica SpeLangm
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I'm pretty sure that's mostly a USA thing. It's horrendous, I agree, but that's life in a "free" country.

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#27

27 People Share The Biggest Scams In History That Are Still Up To This Day Anyone thinking they “own” land or homes. Try not paying your taxes and see how that goes. We are renting everything from the government

Denise Knickerbocker Report

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Sand Ers
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You can’t own land. You can only ‘buy’ the right to occupy it for a while. And since it’s inextricably connected to every other square inch of land, the whole “my property I can do anything I want” claim is bullshít. You can’t own land any more than you can ‘own’ the air. It belongs to all of us, so we all get a say in how it’s used.

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#28

27 People Share The Biggest Scams In History That Are Still Up To This Day College

Marianne Sloan Hoffman Report

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Libstak
Community Member
1 day ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

If you have a passion for a particular field of knowledge you want to be taught and mentored. It's the fees and the requirement to have a college education regardless of whether you want one that is the problem.

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