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What Is a Con Artist and Check Out the List Of the Greatest Cons of All Time

Types of Con Artists

What is a con artist? In other words, this word means “liar” and “cheater”. The term was first associated with William Thompson. This famous swindler fraudulently borrowed valuables from passers-by on the street and disappeared. However, he is not the only one. There is still controversy about who is the greatest con artist of all time? However, everyone has their own opinion on this matter. Therefore, we decided to tell you about the most famous of them and about their scams.

Types of Con Artists

Before moving on to specific names, let’s understand some types of con artist examples.

  • Stranded neighbor. They promise to use your money for a specific purpose, but in the end, it is just a deception. For example, a passer-by stopped you and told a story that they were robbed, and ask you for 5-10 dollars for travel. Or a charitable organization raises money to treat people for cancer.
  • Fake fundraiser con. You may have sold cookies yourself or participated in promotions when you were in school. The purpose of such events is usually either raising funds for a good purpose. People willingly try to help young sellers. However, such sales are not always legal and meet the main goals.

There are many others, for example, renting a home, selling expensive items, returning goods, etc.

Scam Artists: List of the Most Famous

Sometimes cheating is a legendary art. Fraud can arouse admiration, this is how subtly and professionally fraudulent masters turn their scams. We present to your attention a list of the three greatest cons of all time.

Sylvia Browne

Sylvia Browne

Sylvia Brown is one of the most controversial psychics and scam artists in America. Many argue that she made her fortune by selling false hopes to the parents of the missing children. She claimed to be able to look back centuries and talk to the dead, and claimed that her psychic abilities helped the FBI solve many crimes. However, there were many cases when her words did not turn out to be true, but the followers continued to believe her. The most vulnerable are people who are in desperate need of help. Here is one such case.

“Psychic,” said that the missing 6-year-old girl fell into slavery and was taken to Japan. However, the girl was found dead in Texas. According to the examination, the girl was killed on the day of the abduction. And even the predictions about Sylvia’s death were not true. In 1992, Brown was charged with a variety of investment fraud and theft crimes.

Jerome Jacobson

Jerome Jacobson

Jerome Jacobson is one of the modern-day con artists. He’s known for bizarre and convoluted scams. He implemented a scam with a McDonald’s monopoly. He was hired to provide security for McDonald’s Monopoly. This was the key to his insane fraud. By the way, this topic became the main plot of the HBO film. Jacobson began to steal game chips in order to give them to close relatives and friends. Once the fraudster gave them a valuable chess piece, they passed it as if they had stumbled upon a chess piece at a dinner they bought and then shared the prize equally with Jacobson. Soon, his scam quickly grew into a national conspiratorial network with more than 50 accomplices.

The fraudster used his income to buy several properties around the country, took luxury cruise ships, and filled the garage with exotic cars. By the end of his ten-year business, the scammer had earned a total of $24 million. In August 2001. Jacobson was charged with mail fraud conspiracy and sentenced to 15 years in prison. He also agreed to pay compensation in the amount of $12 million.

Bernie Madoff

Bernie Madoff

Bernie Madoff is the world’s greatest con man, who scammed Wall Street. The deception began in the 1990s when it established itself as the “wolf of Wall Street.” Madoff has a reputation as one of the most influential financial industries in the world, and he easily tricked clients into giving him money. He continued to receive high income even during the recession. This raised doubts among industry insiders, as clients were unable to withdraw their money. At the end, when the client started chasing his money, Madoff was unable to continue with his plan. He took money from new investors and paid high returns to old investors. He was arrested in December 2008.

The fraudster pleaded guilty and was sentenced to 150 years in prison. In fact, the fraudster’s investment plan is so complicated that for over 10 years the court has been trying to restore the exact chronology and nuances. In 2019, the scammer approached President Donald Trump with a request to mitigate his sentence. The President denied his request. Then, in February 2020, Madoff reported a terminal illness and asked the court to release him early. In June, the request was denied.
What famous con artists do you know? Share in the comments. Thank you and see you soon!

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Author of article

Caleb-Joshua Mashrooman

Interests: finance, legal advice, golf, economics

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