How to Spot a Fraudster
Tuesday, March 10th, 2009Hodge, Crusader for Justice, has given me kind permission to post this very interesting list of tips for spotting the bad guys, the scammers, the big promise – little delivery types who waste your time and weasel your money.
It’s just plain good advice for anyone who doesn’t want to lose their shirt to a huckster…
Common Features of a Fraudster
* Dictator
* Promiser
* Bearer of gifts
* Charmer
* Entertainer
* Never there
* Excessively secretive
* Permanently short of money
* Living beyond their means
* High roller
* Bad business record
* Imply victim is stupid if asks explanation of anomalies in fraudster’s patter
* Manipulative
* Psychopath
* Believe themselves to be a victim of conspiracy
Key tips to managing a Fraud
* Manage problem
* be decisive
* Have an action plan
* What do you want to achieve?
* money?
* Identification of culprit(s)?
* Zero tolerance policy?
* Publicity?
* Principle?
* Call any advisors you have early
* Gather evidence
* bottom out problem / black hole
* Asset search
* Injunction
* Stamina
* Reality check on expectations
* The money is rarely found overnight
* Expect endless/pointless delays
* Often late instruction of lawyer / change of lawyer
DON’T
* Bury head in sand
* Sit on the problem
* think it will go away
* think it won’t get worse
* Be emotional
I’m looking at the first list, and hanging my head in shame. Yep. I have dealt with people who fit almost every single item on it. It’s like some kind of amazing light going off…entertainer, promiser, dictator, bearer of gifts, short of money, bad business record, living beyond means, high roller…etc.
Gasp! I could paint that portrait!
And I hang my head even deeper in shame because I am the person who sits on the problem, hopes it goes away, and hopes it won’t get worse.






