Mexican Billionaire Scammed Out of $400M by Fake Astor Heirs

In a shocking high-society scam, Mexican billionaire Ricardo Salinas Pliego says he was swindled out of $400 million by con artists who posed as descendants of the ultra-wealthy Astor family. 😱

The fraudsters allegedly convinced Salinas that they were part of an exclusive investment group tied to the historic Astor fortune, one of America’s wealthiest dynasties. Trusting their glamorous backstory and polished presentations, he invested hundreds of millions — only to realize too late it was all a lie.

“I feel like an absolute idiot,” Salinas confessed in an interview, expressing disbelief that he fell for the scheme despite his business experience.

The scam highlights growing concerns around elite-level fraud, where fake personas, fabricated documents, and old-money mythology are used to lure even the savviest investors. Investigations are now underway to track down the culprits, but much of the money may already be gone. Learn More

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