The Phillips "theorem" caused no end of mischief after the collapse of the gold-based international monetary system in 1971: Leaders tried to manipulate the value of money to create prosperity but ended up creating less growth and more instability.

FORBES: Magazine Article

One of the reasons Mr Straw commissioned the Edwards report is that Jersey's regulatory system has recently attracted criticism from a group of international investors who lost money in an investment fraud, discovered in late 1993, involving the Jersey arm of Bank Cantrade, a subsidiary of the Union Bank of Switzerland.

ECONOMIST: Offshore financial centres

The international organized crime enterprise known as the Mirzoyan-Terdjanian fleeced the healthcare system through a wide range of money-making criminal fraud schemes.

FORBES: Fed Bust of Nationwide Medicare Scam A Good Start