By: EL Cheng
24 July 2018 16:10
There are cases where these ‘’Rip-off artist’’ have been found guilty in misleading their clients. In Australia, Rick Otton who held boot camps and mentoring programs for wealth creation strategies involving real estate was found guilty by the Federal Court. Otton charged his clients $3,000 for boot camps and $26,000 for mentoring programs. He even wrote a book titled ‘How to buy a house for 1 dollar’ which had strategies that the judge deemed having no evidence that it could work.
The judge on duty, Justice Gleeson said that ‘’Mr. Otton’s defend statements were obviously untrue or misleading and who is habitually careless with the truth in making statements “and” The seminars were a waste of time, and the boot camps and the mentoring programs were an expensive waste of time.
A less offensive term than Con-Man.
*Spruiker is an individual who tries to persuade people to buy something, use a service, and et cetera in an exaggerated way. Also known as con-man, con-artist and scammers.
Spruikers does not prey only on the weak, nor do they prey on the strong. Spruikers will often pounce on emotional vulnerability which varies between people and the events that takes place in their life. These vulnerabilities may be in the form of loss of employment, a birth of a child, or even death of a family. Any event that triggers greed in the human behavior is a sort of vulnerability that causes even the smartest of person to fall for scams.
These spruikers will not tell you what you need to know, but rather what you want to know. The ambiguity in their advice can work and be applied in many ways such as a horoscope. For example, a horoscope can be written like ‘’You are tough but fair. Sometimes you lose your temper, but you always do what you think is right’’. It sounds like it applies to you, doesn’t it? Well, it applies to me and mostly everyone because the message is too vague and too ambiguous.
Earning money as a “GURU”
Some Property and Investment Gurus employs a very similar tactic to gain the trust of his audiences. These misleading and irresponsible individuals will run seminars that teaches its participants on ways to” safely” invest in properties. These misleading individuals charge an exorbitant amount in exchange for his or her knowledge and secrets for investing which gave them their success. They often give an example of only one or two success stories that utilised his or her knowledge or secret. This success stories are similar to buying a lottery, only winners will be announced, whereas, millions of losers will be forgotten.
The society tends to imagine a con-men to have a scruffy or dodgy demeanour or character, trying to scam your money with an undeviating approach. This is definitely not the case, a con-artist, derived from the word confidence-artist tends to look exceptional and confident in his outlook and appearance. A con-man gravitates towards a more ‘’posh’’ of a lifestyle by spending lavishly on branded goods such as cars, clothes, and accessories that are extremely visible to the eyes. This is mainly due to the impression it gives to its victims, where in fact, there is little knowledge and pedigree behind that deceptive façade.
If they are so successful, why charge so much?
If we were to dive deeper and think about this issue, would any individual share secrets that could make themselves a multimillionaire? Why would you share such secrets to dilute the market share when you are practically the pioneer of such method? Is the method too risky for one to take on, therefore using these victims as a fail-safe proof to get as rake in as much income as possible or is it to learn from their mistakes before dipping one’s toes in to hot water?
Ultimately, whether knowledgeable or not, human behaviour cause us to be greedy and hog all benefits to ourselves. Although, there are individuals out there that are content with their own success and holds these talks or seminars without charging a single cent.
The actions of these individuals are largely fathomable as helping the less fortunate can be extremely gratifying.