Mackintosh Peters was a snake oil salesmen in the Arizona Territory in the 1870s, and made a good living selling worthless gum Arabic and corn syrup mixtures to the Piute and Navajo. 'Works like a charm', Mack told the Indians, 'take a swig in the morning and one in the evening, and it'll cure what ails you'.
Which was arthritis, impotence, scabies, catarrh, and suppuration and anything else he could conjure up. He was long gone before the Indians knew they had been had, but the placebo effect has been around for centuries, so many of his customers told their friend and families how good they felt after only a day's dosage. If for some reason he found himself back in the same village and was accosted by the Indians he had duped, he had a ready reply. 'Ahh, of course', he said. 'I said two swigs in the morning and two at night, not one.'
'What's a swig?' asked an elder of the tribe.
'Why, like this', Mack said, swilling a half-bottle down in one gulp. 'Ya see, ya wasn't takin' nearly half as much', and with that, he lit out of town, his racks of phials and bottles clinking and rattling in the back seat of the wagon as he drove.
'There's a sucker born every minute', said the circus impresario, P.T. Barnum, and with that under his belt, he made millions off the rubes who wandered into his tents. His freak show was the most popular - two headed babies, bearded dwarves, and half-man, half-woman giants. The gawkers always came back, sometimes the same day to see the unbelievable creatures assembled in Barnum's side show.
Along the trail with Mack Peters were scores of shell game wizards and con artists of every kind, fleecing unsuspecting rural folk out of their money. There were get-rich-quick schemes, virility potions, games of 'chance', temptingly easy card games, and more inventive scams you can imagine. It seemed that the business of rural America in the early years was the scam.
At the same time as the nation industrialized, there was plenty of room for bamboozling. Real estate agents, mortgage lenders, horse traders, and used car salesmen all made a bonanza. It was remarkably easy to bilk money out of consumers in those days, and even at the highest level of finance, trickery and chicanery was rife. Property owners inflated prices, hid structural defects, paid off inspectors and politicians and ran off with thousands. When the buildings sold collapsed or rotted, they were long gone.
Scamming was in Alvin Bard's blood. Mack Peters, the snake oil salesman who had made thousands in Ohio alone before the revenuers caught him in a silo in Chillicothe was his hero. Conning, scamming, fraud, and snake oil sales had always been a booming business. The products might have changed but the principle remained the same - a sucker is indeed born every minute.
Before turning to cyber-fraud he worked for Bear Stearns before they were shut down by the SEC. Alvin had been the designer of the most sophisticated, intricate, devilishly complex and therefore impossible to trace financial instruments ever.
Alvin was a natural. As a kid before the days of social media, electronic, cybernetic revolution, he loved the con. He used the upstairs phone to call his father's friend, imitate a mafia boss from New Haven, and ask for 'Patsy'; or solicit donations for the homeless from a wealthy neighbor, posing, using a well-practiced patrician accent as the Director of Christian Charity United; or let the neighbor with the barking dog know that Fido's days were numbered.
After Wall Street Alvin could have continued as a financial investment consultant. Jeffrey Skilling, convicted of Enron investor fraud, operated a legitimate consulting business from his jail cell, secured millions in offshore accounts, and when finally released from prison was hired as a consultant for those many Wall Street firms who narrowly escaped prosecution and who needed to jump start the alternate financial universe.
Alvin had made millions, all as protected and secured as Skilling's, and so money was not the object of his 'retirement'. He wanted the thrill of the chase - a popular hero like Billings Callum, Bonnie and Clyde or Junior Johnson and the white lightning North Carolina moonshiners. The days of creative financial instruments and Bernie Madoff's ingenious Ponzi schemes were over and done with. A new age had arrived, an electronic, cybernetic, AI world of sophisticated, untraceable scams.
Rudy Kurniawan was a young Indonesian wine fraudster, and before he was caught he had bilked millions out of credulous, arrogantly presumptuous connoisseurs. He bought surplus French wine, bottled, corked, and labeled it as the most sought-after French vintages, convinced investors that there was no top to the fine wine market, and made a fortune.
The 'connoisseurs' never drank the wine but traded it as a commodity, so the fake wine passed from hand to hand without ever being opened. Every aspect of the scam had been carefully planned and executed - he learned how to 'age' labels and corks, and find bottles that defied provenance - all this helped by buyers who had been snookered by Rudy's exquisite palate and business acumen.
Alvin knew that even such marvelously ingenious schemes were old hat. The New Age had had no 'things', no physical traces, no safe deposit boxes, nothing of the kind. It was all in the cloud, in the rich air of cyberspace, subject only to the laws of quantum physics where velocity and position were relative and the bosons of the universe went circling and colliding leaving nary a trace.
The Nigerians had started the whole enterprise. Tens, hundreds of thousands of appeals went out at the click of a mouse and if only a fraction of one percent bore fruit, the Nigerian scammer would be set up for life. After the genie was out of the bottle and the whole scamming landscape had quickly evolved into a barely recognizable, untraceable universe, there was no limit to the money that could be made.
In the early pre-AI period of big data, researchers found out that if you crowdsourced a problem, that is open-sourced it and bypassed experts, the results were not only equivalent to what a stable of professionals could achieve but went far beyond. When AI arrived and the cyber universe became even more vastly unimaginable and subject to equations that only a handful of scientists understood, scamming became the wizardry of the ages; and Alvin wanted to be the first trillionaire.
P.T. Barnum made a fortune off the credulous and the gullible, and the old adage 'You can fool most of the people most of the time' or some permutation thereof was still universally true; so there was no stopping the new generation of scammers.
'Let the buyer beware' was the meme of the times, and beware the consumer certainly had to be in an environment of endemic corruption, fraud, and larceny. It was a free-for-all where if you were canny and deftly underhanded, you could become wealthy. Government watchdog agencies have made such chicanery a bit more difficult, but they have simply raised the bar. It takes more than a silver tongue to fool millions.
There were occasional throwbacks. Somali immigrants bilked the state of Minnesota and the city of Minneapolis out of millions simply by creating shells - fake Learning Centers for pre-school children with not one enrollee nor one legitimate teacher. It was all smoke and mirrors and the state and municipal government bought the scheme hook, line, and sinker. Diversity ruled, and who was to doubt the integrity of black African refugees from one of the world's most pestilential places?
Alvin had no interest in such schemes. They amounted to chicken feed compared to major cyber fraud. Both were based on the assumption of credibility, the complicity of buyer and seller and the complex almost indecipherable networks underlying the schemes, but one made immeasurable profits while the other bought a few Mercedes.
The die was cast, and Alvin Bard launched himself into the heady world of fraud-in-the-cloud. He had gotten a late start - high tech never sits still and the few years that had passed since Madoff, Skilling, and the Nigerians were filled with accelerating means to fraudulent ends. With every new remarkable innovation in cyber technology AI and virtual reality - innovations bound to help the blind see and the deaf hear among other things - someone was figuring out how to harness this explosive new technology to bilk, scam, fool and con.
Alvin understood consumer dynamics, American culture, and the fundamentals of AI, cybersecurity, the ins and outs of both and most importantly how not to get caught. Below board entrepreneurs had always outfoxed the revenuers, stayed one step ahead; and now, no matter how many resources were invested in public and private security, scammers always found a loophole.
The inner workings of the cyber-fraud that made him billions were never deciphered for Alvin was no longer around to to the decoding. He had disappeared from the face of the earth and was reported to be living in as far flung places as Ndjamena or Port Moresby. What was there to spend his billions on in these godforsaken places? Nothing, but that was not the point. The thrill of the chase, victory under the noses of the best and the brightest, suckers taken for a ride without even knowing it.
America, what a great country!
















