The Greatest Scam in History / The Sold of Eiffel Tower / The Best 2 Comments Will be Upvoted with 100% Voting Power
What you think is the Greatest Scam in History?!
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Below you will find my point of view.
Read it carefully and tell us another story about
"The Greatest Scam in History"
...Good Luck...
I think the biggest scam was:
In 1925, the sold of the Eiffel Tower to a businessman wanting it
for scrap metal.
Who was behind this scam :
"Count" Victor Lustig, 46 years old at the time, was America’s most dangerous con man. In a lengthy criminal career, his sleight-of-hand tricks and get-rich-quick schemes had rocked Jazz-Era America and the rest of the world.
The fake title was just the tip of Lustig’s deceptions. He used 47 aliases and carried dozens of fake passports. He created a web of lies so thick that even today his true identity remains shrouded in mystery.
In Paris, he had sold the Eiffel Tower in an audacious confidence game—not once, but twice.
Finally, in 1935, Lustig was captured after masterminding a counterfeit banknote operation so vast that it threatened to shake confidence in the American economy. A judge in New York sentenced him to 20 years on Alcatraz.
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oh! really? There are several scams in history that comes across to me as great. Two of such are the , the famous, Madoff ponzi scheme and the funny and cleverest one (not necessarily great) Steve Comisar's solar powered dryer. i will share the second one first.
Comisar as young man sold a "solar powered clothes dryer" in national magazines for almost $50. National Enquirer was a favorite publication for his adverts. He would create a catchy advert like “Scientifically Proven Space Age Clothes Dryer which is guaranteed to work for five years provided there was adequate sunlight”,
An add on to his advertisement is his extra service of free shipping anywhere in the world. He even convinces that his clothes dryer do not need electricity or battery for it to work.
Lo and behold, unsuspecting customers received a length of clothesline at the end of the day.
Source
To start with, the greatest scam (to me),was perpetrated by Charles ponzi. The name became popular for all activities that pertains to rubbing Peter to pay Paul. Charles Ponzi orchestrated a ruse to pay willing investors 50% ROI in 45 days as opposed to bank's annual 4%.
Within three hours his pitch generated $1m in 1921.
So, all scamming activities of that nature was named after this man.
Now Madoff's Case
Madoff literally hoodwinked big players in the investment world into his "rub Peter to pay Paul" scheme. Some of them are Sterling Equities, NY Mets and so on.
According to telegraph.co.UK
Wow. Another "BLM" reference! I first noticed Bureau of Land Management stealing land from ranchers, more than a year ago. Then Black Lives Matter became a thing. Now I see BLM in a ponzi scheme as well. Thanks, and followed!
The sale of the Roman Empire 193 A.D
During a very distable govt in the roman empire, the Praetorian guard, some what like a special force then meant to protect the emperor, killed the emperor and then put the empire up for the highest bidder. Julianus then was the highest bidder, he gave 250 gold pieces per soldier, which would amount to about $1billion today, so the soldiers had done a big scam , prolly the greatest scam of all time as they sold an empire, which they had no right to, and later on Julianus was quickly disposed as he was not recognised by the people
i didnt know this great fact :)
and I also did not know about it
Must source .. I think
Do you have source
Yes
https://www.cbsnews.com/media/top-14-financial-frauds-of-all-time/
https://prezi.com/tvaj1-i-jw67/sale-of-roman-empire-193-ad/
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Perhaps there is always a greater scam which will have better coverup story and more complex mechanism to camouflage the scheme. Even like the case you brought up, it may be one of the big case that had been busted, but what about those still on going and yet to be revealed?
In my hometown, there are scam too that we called money game. It involves crowd funding, owning virtual money (not really block chain as the issuer of the money is the company itself, which they can manipulate the value over the collected capital! Scam alert) and it recruits new investors through a pyramid scheme whereby uplines get paid with incentive for bringing in new blood (money). What I personally see is that, the initiator use a lot of stories and held a lot of event which invited people with fame to make everything feels legit. It promoted itself as an investing company that invest in different industry. However, when I ask about what kind of industry specifically, they always did not give a clear answer or at least a directive ones. In addition to that, there are guarantee ROI as well with annual interest of 20% (another obvious scam alert, as investing in big industry will need ROI of at least 5-10 years), especially in building construction industry.
The local mindset would think that they just put in some money to test, some with more and some with less amount. While doing nothing and wait for the return of investment, the company may collapse in any second. There's already cases that these kind of companies were busted and all the capital were lost and investors ended up with nothing. Yet still there are still people willing to invest. I find it hard to understand. Just hope that we could learn how to sniff out this kind of scam and make the community smarter and alert!
Have you heard about the financial pyramid of MMM? This is probably the largest fraudulent scheme in terms of the number of victims. According to some reports, between 5 million and 40 million people lost their money.
https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)
Thanks for the info, ya heard of it. Yet still people fall into that trap again and again. That's the sad part.
Yes, I agree with you. For some reason no one wants to learn from other people's mistakes, everyone prefers on their own mistakes.
ya, and it is true. We tend to believe ourself more.
This man do a very hard work to sell a Eiffel Tower :D
An early and influential book about the subject of a moon-landing conspiracy, We Never Went to the Moon: America's Thirty Billion Dollar Swindle, was self-published in 1976 by Bill Kaysing.[7] Despite having no knowledge of rockets or technical writing,[8] Kaysing, a former US Navy officer with a Bachelor of Arts in English, was hired as a senior technical writer in 1956 by Rocketdyne, the company that built the F-1 engines used on the Saturn V rocket.[9][10] He served as head of the technical publications unit at the company's Propulsion Field Laboratory until 1963. Kaysing's book made many allegations, and effectively began discussion of the Moon landings being faked.[11][12] The book claims that the chance of a successful manned landing on the Moon was calculated to be 0.0017%, and that despite close monitoring by the USSR, it would have been easier for NASA to fake the Moon landings than to really go there.[13][14]
In 1980, the Flat Earth Society accused NASA of faking the landings, arguing that they were staged by Hollywood with Walt Disney sponsorship, based on a script by Arthur C. Clarke and directed by Stanley Kubrick.[Note 1][15] Folklorist Linda Dégh suggests that writer-director Peter Hyams' 1978 film Capricorn One, which shows a hoaxed journey to Mars in a spacecraft that looks identical to the Apollo craft, might have given a boost to the hoax theory's popularity in the post-Vietnam War era. She notes that this happened during the post-Watergate era, when American citizens were inclined to distrust official accounts. Dégh writes: "The mass media catapult these half-truths into a kind of twilight zone where people can make their guesses sound as truths. Mass media have a terrible impact on people who lack guidance."[16] In A Man on the Moon,[17] first published in 1994, Andrew Chaikin mentions that at the time of Apollo 8's lunar-orbit mission in December 1968,[18] similar conspiracy ideas were already in circulation.[19]
Source: https://en.wikipedia.org/wiki/Moon_landing_conspiracy_theories
damm Eiffel Tower was sold now i haven't seen any bigger scam than this in my life lol :D
I read about a wordpress site that was built for millions of dollars few years ago, and that was the first thing i thought when i saw this post.
the most expensive WordPress website I’ve read about1 is one created for The Free State provincial government, http://www.freestateonline.fs.gov.za/ South Africa, by Cherry Online Design.
The website was built on WordPress, with the London Live off-the-shelf theme for $15,366,680 USD.
WordPress is free, and the theme cost only forty bucks… so how did it become a $15-million dollar project?
Source: http://www.whitewolfdesign.com/how-much-should-a-wordpress-site-cost/
A very interesting idea. This is worth iron price, like gold.
thanks @lordoftruth