Forbes 30 under 30 Financial Fraud: What makes a young person scam his way to Billions of Dollars?

The Forbes 30 Under 30 have also been arrested for frauds and scams worth over $18.5B. Incredible track record. Most people who commit fraud are first-time offenders with no criminal history and most Often the fraud starts small and then increases once the opportunity is confirmed.

Elizabeth Holmes was never included on the 30 Under 30 list, she did serve as the keynote speaker at the Forbes Under 30 Summit, earning her an honourable mention. The same goes for Trevor Milton, the creator of Nikola, a company that makes hydrogen-powered trucks, who was included on a 2020 Forbes list called 12 under 40 that featured the 400 Forbes' youngest billionaires. "Trevor Milton, the 38-year-old college dropout behind zero-emission truck maker Nikola Motor, joins the ranks of America's richest millennials after tripling his net worth in less than a year. You know how he got rich so quickly? I'll tell you right now: with just a little sprinkling of crime. Most notably, Nikola created a demo video of its inoperative truck rolling downhill while tilting the camera to make it appear as though it were doing so on a flat surface. Milton was found guilty of fraud and will be sentenced. Without a doubt, if he is imprisoned, he will be released after a few months and launch a podcast about green energy.

What makes a young person scam his way to billions of dollars? Narcissism ,sociopath, a pressure to achieve great things before youth slips away from you. This pressure can drive even the most ambitious people to take shortcuts, and shortcuts are actually encouraged; after all, We grew up hearing the advice to "fake it till you make it", cash in now and retire early. With all this, exaggeration becomes the norm and If you exaggerate a little bit, that’s not fraud, that’s a hustle! Until, of course, the justice department comes knocking

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