Sunday, February 19, 2012

Steps in a con game 15

Remaining on the theme of how much money to invest.  Remember, the con artists want to make the mark invest as much money as possible.  But, most people will not invest 100% until some level of trust is established.

     So, it is not uncommon for the con artists to get the mark to invest money in the scheme, and since the initial investment is not what the con artists want, to get a return on the investment for the mark.  This is a scheme, of course, to get the mark to invest even more money in the scheme.

     Remember, even Bernie Madoff paid investors initially.  The pyramid scheme that he ran did not just take the money and run - the investors were paid back their money and then some - in an attempt to get the investors to invest even more money in the scheme.

     This creates a self-perpetuating loop - the mark will invest money in the scheme, then get a payoff, and then invest more money in the scheme.


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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