Thursday, March 1, 2012

Steps in a con game 20

Another method that is used by the "inside man" to convince the mark that he needs to pay into the scheme NOW is for the mark to extol his virtues.  In other words, the inside man shows the mark that he is such a good person, any doubts about investment are unwarranted.

     Once again, you guessed it, let's use Madoff as an example.  Madoff was a great contributor to many charities, both secular and religious.  He was well known as a patron of the arts and as someone who used his vast wealth to better his fellow human beings.  His reputation in this respect was spotless (of course, let's not forget that he was using his ill-gotten gains to do this charity work).

     This is yet again another method to convince the mark that all is well. After all, if a person such as Madoff devotes so much of his time and effort to charitable causes has to be a good human being, right?

     Once again, this is another example of how it is not wise to lost focus.  In this case, the mark is deliberately having his "vision blurred" by this non-relevant data.


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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