Q 01/05

Which financier orchestrated the largest Ponzi scheme in history, defrauding investors of billions?

A) Bernie Madoff

B) Jordan Belfort

C) Charles Ponzi

D) Allen Stanford

Answer · why

A) Bernie Madoff

Bernie Madoff ran a massive Ponzi scheme, which was discovered in late 2008, amounting to approximately $64 billion in capital over two decades.

Q 02/05

Who was convicted of fraud related to her blood-testing company, Theranos?

A) Caroline Ellison

B) Anna Sorokin

C) Elizabeth Holmes

D) Rebecca Grossman

Answer · why

C) Elizabeth Holmes

Elizabeth Holmes, CEO of Theranos, was found guilty on four counts of defrauding investors in 2022, after making false claims about her company's bloo...

Q 03/05

Who authored the memoir 'A Million Little Pieces,' later revealed to contain fabricated events?

A) Frank Abagnale Jr.

B) James Frey

C) Clifford Irving

D) Stephen Glass

Answer · why

B) James Frey

James Frey's memoir 'A Million Little Pieces,' a bestseller after being selected by Oprah Winfrey, was exposed for containing numerous exaggerations a...

Q 04/05

Which journalist was exposed for fabricating numerous stories for The New Republic magazine?

A) Mike Daisey

B) Janet Cooke

C) Jayson Blair

D) Stephen Glass

Answer · why

D) Stephen Glass

Stephen Glass was fired from The New Republic in 1998 after an internal investigation revealed that a majority of his stories were either partially or...

Q 05/05

Which musical duo had their Grammy Award revoked after it was revealed they did not sing on their records?

A) C+C Music Factory

B) Milli Vanilli

C) Black Box

D) Technotronic

Answer · why

B) Milli Vanilli

Milli Vanilli, composed of Fab Morvan and Rob Pilatus, had their 1990 Grammy for Best New Artist revoked when it was discovered they lip-synced their ...