Forbes Hall of Shame List, Crazy Here is the list.

Recently Forbes Hall of Shame list. Forbes compiled a hall of shame, highlights some of the names they now regret picking. The most of the personalities usually represent finance background. Lets us know the list of the people given down below.

What is Forbes ?

Forbes is a renowned American business magazine and media company, founded in 1917. It serves as a leading source for business, finance, technology, and lifestyle news. Forbes is widely recognized for its influential lists, including the Forbes Billionaires and Forbes Global 2000, as well as its coverage of entrepreneurship and leadership.

The magazine has a significant online presence, offering breaking news, analysis, and opinion pieces from industry experts. Forbes has become a trusted platform for insights into the business world, making it a go-to resource for professionals, investors, and entrepreneurs globally.

List of The People Forbes regret called as the Hall of Shame.

1. Sam Bankman-Fried, the notable figure in the cryptocurrency space, has found himself in legal turmoil with recent indictments. Accused of seven counts involving fraud and conspiracy in connection to his cryptocurrency exchange FTX, Bankman-Fried is currently confronting serious legal challenges.

The charges cast a shadow over his professional endeavors, potentially leading to a substantial prison sentence of up to 10 years. This development marks a significant turn of events for a key player in the crypto industry, emphasizing the growing regulatory scrutiny faced by cryptocurrency exchanges and their executives. Bankman-Fried’s legal situation adds complexity to the ongoing discourse surrounding the legal landscape of digital assets.

2. Caroline Ellison admitted guilt to wire fraud and conspiracy, acknowledging the diversion of funds from FTX clients to offset losses at affiliated firm Alameda Research. Forbes characterized this as another setback for FTX, highlighting the interconnected challenges faced within the company.

3. Charlie Javice, the founder and ex-CEO of Frank, a company pledging assistance in securing financial aid for college students, faces fraud charges. The legal action follows allegations of misrepresenting her organization’s scale. Javice’s inclusion in the list signifies the legal challenges surrounding her and Frank’s operations.

4. Nate Paul, the founder of World Class Capital Group, who established a $1 billion real estate empire in 2017, faces legal scrutiny. Initially accused of eight counts of providing false information to lenders in June, he now confronts an additional four charges related to fraud and conspiracy. Despite pleading not guilty to all accusations, Paul’s trial is set for July, marking a significant legal chapter for the entrepreneur and his real estate ventures.

5. Martin Shkreli, formerly recognized on Forbes’ “30 under 30,” transformed from a business prodigy to the “most hated man in America.” Infamous for drastically increasing the price of Turing-owned Daraprim, a crucial medication for parasitic infections, from $17.50 to $750 per tablet, Shkreli’s reputation took a severe downturn. Despite his earlier acclaim for launching two pharmaceutical-focused hedge funds in his 20s, the price hike controversy overshadowed his previous entrepreneurial success.

6. Cody Wilson, the creator of Defense Distributed known for sharing online blueprints enabling 3-D printing of functional firearms, now bears the label of a registered sex offender. His legal troubles ensued following an arrest for allegedly paying $500 to a 16-year-old girl he encountered on the internet, marking a significant fall from his earlier controversial fame.

7. James O’Keefe, the former head of conservative media firm Project Veritas for thirteen years, faced dismissal as Chairman and CEO in February. Allegations against him include the misuse of donor funds and personal expenditures, such as a private plane flight. The controversy surrounds O’Keefe’s financial stewardship during his tenure at the organization.

8. Phadria Prendergast introduced “Women of the City Magazine” (WOTC) in 2018, aiming to showcase emerging talents in entertainment and business. However, accusations surfaced suggesting she operated a pay-to-play scheme, offering coverage in exchange for cash. Eleven former clients have come forward, alleging that Prendergast misappropriated approximately $195,000 from them.

9. Steph Korey, the co-founder and CEO of luggage brand Away, faced allegations of engaging in bullying behavior towards colleagues and enforcing a demanding workload.

10. Lucas Duplan’s mobile payments startup, Clinkle, secured a substantial $30 million in 2014, yet failed to produce a viable product. Following the significant fundraising, employee layoffs ensued, leading to the departure of key talent from the company.

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3. Forbes Hall of Shame List, Crazy Here is the list.