LOCK PICKING, Part 1: The Bump Key - Scam School. How to escape from a straitjacket! - Scam School. Zip Tie Escape - Scam School. How to open most padlocks WITHOUT the combination or keys! - Scam School. How to Vanish with a New Identity. Dark Side or not, it's always good to say, "Hey, folks.
Don't forget, this is illegal. Do it at your own risk. LH is not responsible for any trouble you may cause/get yourself into! " First of all, Dark Side articles have a completely different vibe than almost every other article. In other words, they rarely "fit" with the feeling you get from Lifehacker, especially if you've been here since before Dark Side articles began popping up regularly. Adam Dachis, however, is spinning it to advocate identity theft. Let me make this final point clear: I am not against these types of articles in general. Presenting both ways to protect yourself from identity theft and then ways to steal another person's identity (with a joking tone or not)? They should probably create a separate site dedicated to Dark Side posts. Amen. Vintage Vinyl:Steal This Book.
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A Lottery Loophole (Sorry, Now Closed) in Massachusetts. (iStockphoto) In the Boston Globe, Andrea Estes and Scott Allen write about how people have been taking advantage of a statistical quirk in the rules of an obscure Massachusetts Lottery game called Cash WinFall.
A Michigan couple in their 70s, Marjorie and Gerald Selbee, spent three days buying more than $600,000 in Cash WinFall tickets from two convenience stores in Sunderland, Mass. Their timing was purposeful: Confidence trick. §Terminology A confidence trick is also known as a con game, a con, a scam, a grift, a hustle, a bunko (or bunco), a swindle, a flimflam, a gaffle or a bamboozle.
The intended victims are known as "marks", "suckers", or "gulls" (ie, gullible). When accomplices are employed, they are known as shills. §Short and long cons List of Ponzi schemes. This is a list of Ponzi schemes, fraudulent investment operations that pay returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned.
Historical examples 19th century Before Charles Ponzi, in 1899 William "520 Percent" Miller opened for business as the "Franklin Syndicate" in Brooklyn, New York. Miller promised 10% a week interest and exploited some of the main themes of Ponzi schemes such as customers reinvesting the interest they made. He defrauded buyers out of $1 million and was sentenced to jail for 10 years. 20th century 1920s Charles Ponzi, in 1920 in Boston, his supposed arbitrage scheme, was just a masquerade for paying early investors off, with the deposits of later investors. 1930s 1980s Between 1970 and 1984 in Portugal, Dona Branca maintained a scheme that paid 10% monthly interest. 1990s 21st century