OK - the mark has met the "inside man" or the third man (with all due respect to Orson Wells). Now, the third man has to do his job - he has to tell the mark how he can make money. This is the next step.
The whole point of a con game is to "con" the mark - to gain the mark's CONfidence so that he will trust the con man and his associates and give them money. Well, the mark is not going to give money over to another party without the expectation that more money will be gained from the transaction (for the mark). The third man needs to show the mark how the money will be made. From this, the mark needs to be convinced that this is a legitimate "investment" opportunity and that it is not only OK to turn over his money, he would be foolish not to do so.
Remember Bernie Madoff - Madoff is the third man in all of this and Madoff is the one who convinced the mark to turn over their money to him. Now - in Madoff's case, he had an enormous advantage in that his reputation was so secure that he really did not have to "sell" his product. But, the concept is the same.
The whole point of a con game is to "con" the mark - to gain the mark's CONfidence so that he will trust the con man and his associates and give them money. Well, the mark is not going to give money over to another party without the expectation that more money will be gained from the transaction (for the mark). The third man needs to show the mark how the money will be made. From this, the mark needs to be convinced that this is a legitimate "investment" opportunity and that it is not only OK to turn over his money, he would be foolish not to do so.
Remember Bernie Madoff - Madoff is the third man in all of this and Madoff is the one who convinced the mark to turn over their money to him. Now - in Madoff's case, he had an enormous advantage in that his reputation was so secure that he really did not have to "sell" his product. But, the concept is the same.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE. IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
Have a great and fraud-free day.
----------à>>>>>>>>>>>>>>>gene tausk
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