Tag Archives: fraud

Contemplating The Lies, Sincerity, And Dishonesty Of Public Figures

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When you lie down in bed at night, alone in the dark with your thoughts, I believe that’s when you’re most honest with yourself. Whether you sleep alone or with a lover, this is one of those few times when we can allow our minds to wander freely. Sometimes, we find ourselves thinking things that make us uncomfortable. While it may be distressing, I would argue that’s healthy.

I freely admit that I find myself contemplating a lot of strange things when I lay down to go to sleep at night. I doubt I’m alone. I would question the honesty of anyone who claims their private thoughts perfectly match those they contemplate in public.

With this in mind, I’d like to pose a relevant question. I wouldn’t go so far as to call it a thought experiment because this is one of those questions that may have a definitive answer. Granted, it’s an answer we’ll probably never know for sure. However, I still feel it’s worth asking for the sake of the bigger picture.

It has to do with public figures. By that, I don’t just mean major celebrities like movie stars, musicians, and what not. I’m also referring to well-known politicians, political commentators, and even popular social media figures on sites like YouTube and Tik-Tok. To all of them, I pose this question.

When these people lie in bed at night, do they genuinely believe the things they do, espouse, or support?

I think the answer to that question, even if we cannot know it, is incredibly revealing.

Let’s face it. These are all people who have a very public persona. Most people who know who they are know them only through that persona. Whether they’re a politician known for saying dumb things, a celebrity with a nasty reputation, or religious preachers with controversial views on certain subjects, they have a public face and a public personality.

It’s also incredibly common for people to not be honest with themselves. Most of us have done that at some point in our lives to varying degrees. We carry ourselves as someone we’re not. We convey feelings, ideas, and emotions that are not entirely in line with our true selves. Why we do this varies, but it can be incredibly damaging if taken too far.

For certain public figures, though, there are many additional layers of complications. For some people, especially politicians, shock jocks, and social media personalities, they have to present a certain version of themselves to the public. That version is almost always carefully crafted and refined. It rarely reflects a completely honest version of that person.

On top of that, this version of themselves is presented as a means to obtain money, power, influence, attention, and everything that comes with that. They say and do whatever reaffirms or builds upon that persona. If it gets any level of attention, be it positive or negative, it gets reinforced.

It can quickly become a cycle, but one that’s reinforced with money, power, and influence. At that point, a public figure doesn’t just have an incentive to keep up this persona. They have incentives to double down and take it to new levels. Even if it makes them infamous and hated, they still get enough out of it to justify the effort, no matter how dishonest it might be.

With those incentives in mind, I often find myself wondering how much or how little certain public figures are aware of them. Perhaps when they lay in bed at night and are alone with their thoughts, they acknowledge that hard truth to themselves, but wouldn’t dare acknowledge it to anyone else.

Think about someone like Bernie Madoff. Before he got caught in his infamous Ponzi scheme, he knew what he was doing. He knew he was a fraud. How much or how little did he realize that when he was in bed at night before he got caught?

Think about some of the most radical, right-wing or left-wing politicians you know. Think about some of the craziest beliefs they espouse. When they lay down at night, do they realize how crazy they are? Do they even truly believe what they say? Do they just say what they need to in order to keep their persona going?

Think about some of the radical religious preachers who bilk money from the faithful. Do they truly believe the terrible things they espouse? Do they really believe that they are somehow more holy than everyone else? When they lay in bed at night, do they realize that what they’re doing is antithetical to their religion? Is it possible that some don’t even believe and are simply doing what they do because it earns them money and influence?

We’ll probably never know the answer. Regardless of how you feel about these public figures, especially the ones most decent people find deplorable, the question is still relevant. It should also inform our perspective about certain public figures. If someone has a powerful incentive to keep being who they are in public, then expect them to keep doing what they’re doing. The only time they may acknowledge it is when they lay in bed at night.

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Filed under Current Events, philosophy, political correctness, politics, psychology, religion, Thought Experiment

Bernie Madoff Is Dead: Reminders And Perspectives

In general, it’s wise and considerate to not celebrate another human being’s death. Even if you despise that person on so many levels, we should make an effort to not take too much satisfaction in someone else’s passing. It’s just basic human decency.

However, there are some exceptions and I think most would agree the death Bernie Madoff qualifies.

There aren’t a whole lot of people in this world who have managed to make themselves so universally hated. Somehow, Madoff found a way. Hatred of him and his crimes has transcended politics, ideology, race, religion, and geography. That’s a rare kind of hatred, but one Madoff rightly earned.

After his huge, decades-long Ponzi scheme was exposed, he became the face of evil and greed. The man stole from everyone. From Hollywood elites to holocaust survivors, he’d steal from anyone just to keep his scheme going.

For that reason, it’s entirely understandable that some are celebrating the recent news of his death. After decades of bilking people out of their money and living the life of immense wealth, Madoff died alone in prison with no friends, family, or loved ones to mourn him. It may very well be the most justice we can expect for a crime of this magnitude.

AP News: Ponzi schemer Bernie Madoff dies in prison at 82

Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died behind bars early Wednesday. He was 82.

Madoff’s death at the Federal Medical Center in Butner, North Carolina, was confirmed by his lawyer and the Bureau of Prisons.

For his many victims, I’m sure Madoff’s death is cold comfort, at best. I certainly have my opinions of the man. I’d rather not share them, if only to avoid the ire of the FCC. Instead, I want to offer some perspective on the death of this fraudster and the lessons from it that we should heed.

Most people already know the basics of Madoff’s scheme. It was, by and large, a massive Ponzi scheme. It’s certainly not a new scam. It’s been around for decades. Madoff’s was just the biggest. How he went about sustaining it for so many years has been covered by many people far smarter than me.

However, the size and specifics of the scheme matter. It was always going to fall apart, as all Ponzi schemes do. It’s like gravity. There’s only so much money you can steal to give to previous investors. Eventually, you just run out of people and money. The math always works against you.

The fact that so many Ponzi schemes still occur, despite all these forces working against them, is something worth noting. The death of Bernie Madoff doesn’t mean these types of schemes will go away. There will always be some ruthless, amoral con-man out there who manages to scam people out of money through trickery, deceit, and fraud. The death of one famous fraudster isn’t going to discourage the fraud.

Another perspective that we shouldn’t forget is how Madoff’s scheme could’ve, and probably should’ve, been exposed years ago before it got this big. It’s well-documented that Harry Markopolos, a financial analyst from Boston, figured out the scheme as early as 2000 and tried multiple times to expose it. Unfortunately, the right people didn’t listen and the system didn’t work as it should’ve.

That’s another thing that tends to happen a lot with these schemes. There are often people who figure it out long before it makes the news or alerts the authorities. Sometimes, it hastens the collapse of the scheme, but skilled con-men find a way to get around it. That only ensures more people get hurt in the long run.

With Madoff’s death, it leads me to wonder just how many other schemes like his are out there, unexposed and operating under the guise of legitimacy. We may not think they’re scams. They may go out of their way to assure us that they’re nothing like Madoff. We should still be vigilant.

There are some proactive steps you can take. There are signs you can look for and government agencies you can call. Madoff was a skilled con-man, but even he couldn’t hide every aspect of his lies. Even the most determined fraudsters can only do so much to subvert the basic math of finance.

There’s also one other perspective I think is worth highlighting and it might be the most revealing of it all. Of all the distressing details surrounding the Madoff saga, the one that stands out most to me is how Madoff inevitably gave up on it.

When he was exposed, it wasn’t because someone at the FBI or SEC caught him lying. It wasn’t because he messed up and a regulator caught him in the act. Madoff went down because he willingly gave up. He turned himself over when he realized he just couldn’t keep the scheme going anymore.

It wasn’t a matter of law enforcement catching the criminal. It was a matter of the criminal just giving up because fighting it just wasn’t worth the effort anymore. Take a moment to think about that and the implications.

We, as a law-biding society, didn’t catch Bernie Madoff. He just gave up. That says a lot more about the system in place than it does about our collective hatred of con-men like him. It also raises the question of what would happen if someone even more ruthless and amoral found themselves in a similar position.

How much further could they take the scheme?

How many more victims could they exploit?

These are distressing questions and the answers should give us pause. A man as infamous and cunning as Bernie Madoff could only succeed in a system with enough flaws for him to exploit. Who’s to say there isn’t someone worse operating a similar fraud right now?

This infamous criminal is now dead and he will be rightly vilified for his crimes for years to come. However, let’s not let his death or our shared hatred of him give the false impression that crimes like his won’t happen. They certainly will. It’s just a matter of catching them before they hurt too many people.

There are many people like Bernie Madoff who are still alive and still operating their various frauds. We can’t stop all of them. At the very least, we can make sure they never succeed as long or as much as he did.

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Filed under Current Events, human nature, psychology, real stories

When Crisis Brings Humor, Irony, And Religious Absurdities

Whenever the news is consistently awful, you tend to get numb to it. At some point, you just can’t bring yourself to get too worked up anymore. It’s not a good thing. Once you get numb to terrible news, you’re less inclined to do something about it. That’s not healthy for any society.

I don’t deny that the news surrounding the Coronavirus/COVID-19 has been awful. It might be the single worst news story we’ve collectively endured in over a decade. It’s bad, especially if you’re a sports fan. It may very well get worse before it gets better.

However, it’s for that same reason that we should all laugh and take comfort in stories that expose absurdities, frauds, and assholes who don’t deserve the notoriety they usually enjoy. Of all the things that fit every one of those criteria, faith healers are right up there with creationists, snake oil salesmen, and conspiracy theorists.

Now, I could go on an extended rant about how faith healers are one of the most perverse manifestations of organized religion. I’ve gone on similar rants before on far less serious subjects. However, this is one instance where no rant is necessary. The facts alone expose the absurdity, hypocrisy, and stupidity of the whole endeavor.

It comes courtesy of a megachurch in California and a story covered by Raw Story. Rather than describe all the crazy details, I’ll just leave a link and a brief summary of the best parts.

Raw Story: ‘Faith-healing’ megachurch cancels hospital sessions over coronavirus fears

A megachurch in California that regularly conducts “faith-healing” sessions at local hospitals apparently doesn’t believe the power of prayer is strong enough to cure coronavirus.

The Bethel Church in Redding, California, which serves as the spiritual home to an estimated 6,300 weekly worshipers, announced this week that it is canceling its regularly scheduled visits to hospitals as fears of the coronavirus pandemic take hold.

Think about that for a moment. Faith healers profess the power of healing through prayer, specifically through prayers to their favored deity. They claim that their spiritual service can bring wellness to the sick while protecting the healthy. That’s the power of their faith.

Then, a virus comes along that is utterly unaffected by their dogma. It infects everyone, regardless of what they believe, and no amount of prayers can stop it. The fact that these “faith healers” have ceased going to hospitals out of fear of infection is an indirect admission that their healing doesn’t work. It also exposes just how weak it really is.

A virus is not some invading army or repressive government. It’s a tiny bit of biomatter. Despite that, it’s still strong enough to defeat any prayers that a believer may offer. No matter how ardent they may be, the virus still infects because wishful thinking is no match for harsh reality.

Now, I’m not foolish enough to believe that this crisis will put all faith healers out of business. At the very least, this offers a huge red flag to anyone whoever crosses paths with someone claiming to heal by faith. If they can’t heal you from a simple virus, then what does that say about their faith, their religion, and their motivations?

In this case, washing your hands more powerful than any prayers you could offer.

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Filed under Current Events, health, psychology, religion