Confidence scams are as old as money itself. Their sophistication and reach has only increased in the digital age.
At the turn of the last century, George Parker famously "sold" the Brooklyn Bridge to dozens of newcomers, promising each one they could earn money collecting tolls on a bridge that was never his to sell. When he was arrested in 1908, Parker snagged a sheriff's hat and overcoat from the courthouse and confidently strolled out past the guards, wishing them a Happy New Year. Read More
Baranyai: Education best tool in combatting fraud