Thursday, August 18, 2011

Interludes - Kurt Barton II

I received more email concerning Kurt Barton so I thought I would continue with this thread for another night.

     The fraud perpetuated by Kurt Barton is, as we discussed, not unique.  It is (almost) your standard run-of-the-mill Ponzi scheme.  The vast majority of the funds that Barton received were used to pay other investors, not re-invest in other investments.

     What does make this somewhat unique, although not surprising, is the use of celebrity endorsements.  In this case, Barton used football players that he also took in on the scam.

     One of the most important strategies used by fraudsters is diversion.  If the fraudster can flash enough "smoke and mirrors" at a target, it can divert the target's attention to allow the fraudster to move forward with his scam because the target's attention is diverted.  This is often why there is no shortage of attractive women that are used by  fraudsters.

     It is important to note that different types of diversions are used and stars, including star football players, can be part of these diversions.


As always, have a great and fraud-free day.

http://www.tauskvega.com

------------->>>>>>>>>>>>>>gene tausk

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