I Grift - An Overview of “Get Rich Quick”-Schemes

“I Grift” was Homer’s license plate in one Simpsons episode where he and Bart would make a living as con artists. And while there are many movies on the subject (perhaps most notably the excellent Redford / Newman film “The Sting” ) it’s still an interesting piece both of pop culture and real criminal statistics.
One interesting scheme for example is the “Football Picks Scam”. Basically the conartist will take a group of people, say 100, and tell 50 of them that one team will win, and the other 50 that the other team will win. The 50 “winners” are split again in two groups of 25. And so forth until a small group of people is left that has received a series of accurate predictions on football matches. At some point the con artists start to demand money for their services.
(By the way: One can even offer a 100% money-back guarantee on this one. The loosers will get their cash back while the winners paid you for guessing. Also kind of related: Google uses - if I’m correctly informed - such a split population technique to research new features. Let’s say 50% of users get a new feature in variant A, other 50% in variant B. By usage numbers Google can estimate the better solution.)
Another popular scam is when an unsuspicious looking, well-dressed man is standing at a filling station and telling people that he needs 20 Euros or so for gas. This involves some story about a lost wallet. He looks trustworthy and he promises to pay you back and asks for your contact information. Obviously you’ll never hear from him again. I have personally encountered such a person here in Germany at a highway rest-area.
Finally, at least for this article, there’s romance scams. Where people using online dating sites are made to believe that someone in another country is in love with them but cannot afford the flight ticket to meet. Obviously some victims will pay. And if you ask me, they deserved to be robbed.
But some of the schemes are quite clever and - because we live in the future - there’s already an excellent Wikipedia article listing quite a few of them.
Enjoy: http://en.wikipedia.org/wiki/List_of_confidence_tricks
To conclude I might add that there are other Get Rich Quick Schemes that are not illegal (in some countries at least). One of them became quite popular when an Austrian man put up his house as a price in a lottery.



May 2nd, 2009 at 3:26 am
Great article , I never thought that even 100%money back guarantee can lead to profit at the end . have you ever implemented this strategy anywhere
May 2nd, 2009 at 1:23 pm
On the topic of grifting in the movies, I’d highly recommend a flick from 1990 called “The Grifters”. Staring John Cusack, Anjelica Huston and Annette Bening.
May 6th, 2009 at 11:22 pm
Miami Web Design: It’s a very old idea and many people already know it. But yes, it’s often (if not in most cases) possible to create win-win situations. But no, didn’t try it yet. :) Thanks for reading.
May 7th, 2009 at 6:04 am
I thought that sounds like a scr-article :)
thanks for writing.
May 13th, 2009 at 12:02 am
that’s wonderful how people can create tricks to deceive others. the roman scams, that’s cruel, playing with others’ feeling.
May 21st, 2009 at 10:48 pm
I have read a bit about arbitrage betting before, another kinda scam i guess, but it can work in some very rare cases
May 30th, 2009 at 6:54 am
In my country, people are still falling for pyramid schemes tricks and at one time the government was being urged to crack down on them…one owner of such a scheme committed suicide after people started demanding for their money
June 6th, 2009 at 11:57 pm
Got a better movie for you than that. Check out “The Last Seduction”, starring Linda Fiorentino and Peter Berg.
June 11th, 2009 at 4:17 pm
mcbain213: Thanks for the film recommendation. I’ll check it out if I can find it.
I also thought of another good movie on the subject: “Matchstick Men” with Nicolas Cage (yep, he also did some good movies..) and Sam Rockwell.
July 28th, 2009 at 12:50 pm
that’s wonderful how people can create tricks to deceive others. the roman scams, that’s cruel, playing with others’ feeling