Cold reading - the art of getting information from a person by getting the person to volunteer the information, usually by asking multiple, rapid-fire questions which elicit the information.
What does this have to do with fraud?
In the case of people who wish to get marks to invest in fraudulent or questionable investments, the fraudster needs to convince the mark that he can help the mark achieve his goals. In this case, the goals are financial goals. The fraudster wants to convince the mark that he can help the mark reach his financial goals, in other words, to make the mark wealthy though giving the money to the fraudster.
No sane or rational person would willingly give a person money if the investment was a Ponzi scheme or a Pyramid scheme. Who wants to hear that "yes, you will get your investment back and interest by getting other people to invest in my scheme." So, the fraudster has to convince the mark that it is NOT a Ponzi or Pyramid scheme.
How to do this - cold reading is one method.
As always, have a great and fraud-free day.
http://www.tauskvega.com
--------------->>>>>>>>>>>>>>>gene tausk
What does this have to do with fraud?
In the case of people who wish to get marks to invest in fraudulent or questionable investments, the fraudster needs to convince the mark that he can help the mark achieve his goals. In this case, the goals are financial goals. The fraudster wants to convince the mark that he can help the mark reach his financial goals, in other words, to make the mark wealthy though giving the money to the fraudster.
No sane or rational person would willingly give a person money if the investment was a Ponzi scheme or a Pyramid scheme. Who wants to hear that "yes, you will get your investment back and interest by getting other people to invest in my scheme." So, the fraudster has to convince the mark that it is NOT a Ponzi or Pyramid scheme.
How to do this - cold reading is one method.
As always, have a great and fraud-free day.
http://www.tauskvega.com
--------------->>>>>>>>>>>>>>>gene tausk
No comments:
Post a Comment