3 ms·

I feel like if people could just ask themselves some basic questions like "why is this person offering to give me money for free?" 90% of scams would disappear.

I feel like if people could just ask themselves some basic questions like "why is this person offering to give me money for free?" 90% of scams would disappear. It's so frustrating how people see someone claiming to have made tens of millions trading crypto or whatever selling a course for $1000 and not immediately question why they would be doing that

nradov 1y ago
Sure, but a significant fraction of scam victims are older people suffering from cognitive decline who are losing the ability to ask themselves basic questions. Scammers have a long window of opportunity between when this mental condition starts and when relatives or government authorities establish some sort of financial conservatorship to protect them. This problem will only get worse with an aging population.
- mindslight 1y ago
  Maybe this is a class thing, but legal conservatorships are heavyweight and not so common. The usual route is more like DPoA + assume responsibilities with new accounts + supervised use of remaining low-value accounts. And that's usually after "something happens".
nullc 1y ago
See my other comment: many do ask themselves that, in this case they reach the answer that it's a P&D and they think they can profit from it. > or whatever selling a course so some of those 'investor group' things the perpetrator spins it as that they're so rich that they're bored and lonely, and this trick is the thing they know best but they don't need it any more because they're already rich. Sometimes there are hints that the approach isn't 100% legal and so it's unwise for any one person to do too much of it. Keep in mind the goal of the fraudster is not to convince everyone or even most people. Their goal is to have a few people who are very convinced, such that they'll part with large amounts of money. They don't mind convincing more, of course, but often the narrative that creates true believers is incompatible with ever catching a lot of people. The scam seeing stupid in hindsight or that it makes its victims seem greedy or crooked themselves is a major advantage too, because it makes the victims much less likely to speak out or try to recover their losses from the perp.
- snapcaster 1y ago
  Yeah, signal groups are similar. People think they're the ones doing the dumping but actually they're being dumped on.

nradov 1y ago

Sure, but a significant fraction of scam victims are older people suffering from cognitive decline who are losing the ability to ask themselves basic questions. Scammers have a long window of opportunity between when this mental condition starts and when relatives or government authorities establish some sort of financial conservatorship to protect them. This problem will only get worse with an aging population.

mindslight 1y ago
Maybe this is a class thing, but legal conservatorships are heavyweight and not so common. The usual route is more like DPoA + assume responsibilities with new accounts + supervised use of remaining low-value accounts. And that's usually after "something happens".

nullc 1y ago

See my other comment: many do ask themselves that, in this case they reach the answer that it's a P&D and they think they can profit from it. > or whatever selling a course so some of those 'investor group' things the perpetrator spins it as that they're so rich that they're bored and lonely, and this trick is the thing they know best but they don't need it any more because they're already rich. Sometimes there are hints that the approach isn't 100% legal and so it's unwise for any one person to do too much of it. Keep in mind the goal of the fraudster is not to convince everyone or even most people. Their goal is to have a few people who are very convinced, such that they'll part with large amounts of money. They don't mind convincing more, of course, but often the narrative that creates true believers is incompatible with ever catching a lot of people. The scam seeing stupid in hindsight or that it makes its victims seem greedy or crooked themselves is a major advantage too, because it makes the victims much less likely to speak out or try to recover their losses from the perp.

snapcaster 1y ago
Yeah, signal groups are similar. People think they're the ones doing the dumping but actually they're being dumped on.