Thursday, November 10, 2011

There's a sucker born every minute XII

So - the ultimate demise of Piltdown Man was two factors:

1.   The advancement of the science of anthropology which was able to prove conclusively that it was a fraud, and
2.   The changing social attitudes which discarded the idea that evolution had some "races" that were more advanced than other "races."

     Both of these factors are important when discussing fraud.

    First, the type of fraud schemes that would have been possible 30 years ago are not possible now, and vice versa.

    For example, the original "Ponzi" scheme depended on the idea that there was an exchange rate that was different in different countries AND it would take time (namely a trip across the ocean) to take advantage of these rates.  This is not possible today with instantaneous communications.  In reverse, the "419" scams of Nigera (and other countries) which happen through email could not have occurred before the advent of email.

More on this later.

Have a great and fraud free day.

http://www.tauskvega.com

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