How to spot a Scam?


The clever con artist is a good actor who disarms his victims with an affable "nice guy" approach. But behind this friendly exterior is a shrewd judge of people who can isolate potential victims and break down their resistance to his proposals. Each conquest is part of a game in which he must "best" another.

The typical con artist is amoral — but seldom violent, and mobile, with an excellent sense of timing. He sincerely believes his victims deserve their fate. And, if caught, he’ll probably strike again later. Con artists are seldom rehabilitated.

The Victim

Anyone can be a victim — even a person who considers himself too intelligent or sophisticated to be "conned." During the 1920’s, "Yellow Kid" Weil routinely swindled bankers, explaining, "That’s where the money is."

Many victims share certain characteristics. Often, but not always, they are older, female, and living alone. They are trusting of others — even strangers — and may need or desire supplemental income. Loneliness, willingness to help, and a sense of charity are characteristics a con artist will exploit to gain a victim’s cooperation.

The con artist ultimately will exploit his victim’s assets — including life insurance benefits, pensions or annuities, "nest eggs," home equity, or other tangible property. And he’ll usually obtain the willing cooperation of his victim to complete his scheme.

Key Words
A con artist is difficult to detect by looks alone. But you can often spot him by his words or expressions, including:

"Cash only" Why is cash necessary for a proposed transaction? Why not a check?
"Secret plans" Why are you being asked not to tell anyone?
"Get rich quick"   Any scheme should be carefully investigated.
"Something for nothing"   A "retired" swindler once said that any time you are promised something for nothing, you usually get nothing.
"Contests"  Make sure they aren’t a "come-on" to draw you into a money-losing scheme.
"Haste"  Be wary of any pressure to act immediately or lose out.
"Today only"  If something is worthwhile today, it’s likely to be available tomorrow.
"Too good to be true"   Such a scheme is probably neither good nor true.
"Last chance"  If it’s a chance worth taking, why is it offered on such short notice?
"Left-over material"   Left-over materials might also be stolen or defective.


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