Getting in the Minds of Con-Artists

Thursday, August 23, 2012

Catch me if you can! The thrill of the chase. Couldn’t you feel that adrenaline rush? Maybe the heart is pounding but you would never know. Con-artists are cryptic and their minds complex, however, their composure and their air of cool would never lead to the thought of your money’s integrity.

Spending almost 10 years diving into the minds of those who have collectively carried out over a 100 Ponzi schemes, Tamar Frankel, law professor at Boston University, wrote her findings to unfold more of the psychology of these schemers.

These findings led her to latest book, “The Ponzi Scheme Puzzle: A History and Analysis of Con Artists and Victims.” 

Comments [1]

Larry Fisher from Brooklyn, N.Y.

We are conned in all types of ways... We can begin to believe that the choice is just between Coke and Pepsi. We can believe one religion has a higher moral ground than another.

There are so many cons that have gone on throughout our lives, that when a Madoff comes along either you are willing to believe his Three card Monty spiel or you are going to walk away...

Here's the question? How many people that got ripped off my Madoff made a ton of money first. In other words, they invested a million, got ten million in turn and then found out that they only had 1.5 million when he was done with them... Did they lose 8.5 million or did they make half a million?

Aug. 23 2012 10:11 PM

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