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Reading the full paragraph about Reissfelder makes it sound like a great deal of social engineering went on: > A few months later, Reissfelder, a laid-back Ger
by nilkn 9y ago
Reading the full paragraph about Reissfelder makes it sound like a great deal of social engineering went on:
> A few months later, Reissfelder, a laid-back German coder living near San Francisco, sold his travel startup to Expedia for $85 million. He was 33, and with his cut, he was looking forward to traveling the world with his fiancée. That made Reissfelder the perfect target: newly rich, financially inexperienced, and distracted. The same people who had introduced Gaglio to the Benedeks—a network of tax lawyers called the Society of Trust & Estate Practitioners, or STEP—set him up with Reissfelder. Gaglio quickly formed an emotional connection. When Reissfelder said he wanted to lose weight, Gaglio forwarded photos of himself as a pudgy youth. Before long, Gaglio was signing his daily texts and emails with “Bises”—kisses. “In my mind, I’m thinking the familiarity was weird—but they’re French, you know?” Reissfelder says. “When he started suggesting investments, I said no, but he was so insistent, and I kind of felt obliged.” Reissfelder even ended up inviting Gaglio to his wedding in the Cayman Islands.
It sounds like it was a slow burn leading up to suggesting that Reissfelder invest money with Gaglio.
- perl4ever 9y agoI've heard from retirees of my acquaintance that at a less elevated level, you can regularly eat for free at fine restaurants courtesy of people who want to give you a sales pitch on managing your nest egg. It's possible to socially engineer the social engineers.
- FabHK 9y agoThere's this notion of affinity fraud, where con men approach victims from the same group (ethnic group, church, school alumni, etc.), and via this connection immediately get a trust bonus that's then exploited. On one hand, I'm inclined to say: Beware investing with friends of friends. On the other hand, the best investment opportunities often are not public, but only available to a select circle. I think that's one reason affinity fraud so often works. https://en.wikipedia.org/wiki/Affinity_fraud https://en.wikipedia.org/wiki/Affinity_fraud