What can we count on? What do we know is true? In this episode, host Jacke Wilson takes a look at a motley crew of inventive liars who set out to fool the literary world – and often did, at least for a while. From the ancient pseudo-Sappho to the escapee from a debauched convent, from the treasure trove of Shakespeare’s lost works to the balloon fraud of Edgar Allen Poe, writers have been generating bogus works for centuries – and an gullible public has gobbled them up and come back for more.
Help support the show at patreon.com/literature. Find out more at historyofliterature.com, jackewilson.com, or by following Jacke and Mike on Twitter at @thejackewilson and @literatureSC.
A partner with Houston-based law firm Orlando & Braun LLP has been arrested on charges that he committed bankruptcy fraud by failing to disclose a conflict of interest in a Chapter 11 case, Texas authorities said Wednesday.
Hey, I get it. Lawyers like Calvin C. Braun, who’s been practicing for 16 years, have a lot of different clients in a lot of different matters. It can be hard to keep track of them all. So what happened exactly? Continue reading →
Attorney: Hi there. I’m Chris Linton from Birmingham, Alabama. I’m an attorney, but don’t hold that against me.
Investor: Hello. What can I do you for?
Attorney: Hahahahaha, good one. [Gets serious.] Look, I’ve got a great new business going and the sky’s the limit. How would you like to get in on the ground floor?
Investor: I don’t know…you look a little young…
Attorney: I’m thirty-four years old!
Investor: That’s all?
Attorney: That’s enough! Look, here’s what I’m going to do. I’m setting up what’s called a factoring business. Lawyers who work for the state will submit vouchers to me so they can get paid quickly. I then get the money from the state for the work they performed.
Investor: How do you make money on that?
Attorney: I receive a cut of the money.
Investor: How much money?
Attorney: Enough to pay for my home, construction projects at the residence, private jet flights, vacations, recreational vehicles, furniture, luxury items, Auburn University football tickets and a donation to the Heisman Trophy Trust. All without committing wire fraud, mail fraud, money laundering, securities fraud, or bank fraud. it’s win-win-win-win-win-win-win.
Investor: That sounds like a lot…are you sure that’s all from your business?
Attorney: Mostly from my business.
Attorney: Some might be from investments in my business. I occasionally dip into the fund. Here and there. Make ends meet. Keep the lights on. You know how it is.
Investor: Investments? You mean from people like me?
Attorney: Sure. But you don’t need to worry. My business is called Integrity Capital.
Investor: Oh! Why didn’t you say that in the first place? [reaches for wallet]
Attorney: Has a nice ring to it, doesn’t it?
Investor: [writing check] It sure does.
Cut to: exposure, scandal, arrest, guilty plea, and a former attorney now facing up to 65 years in prison. Argh! Live up to your name, Integrity Capital! Stop cheating America!
Oh the irony… first “London Associates” and now this…the irony, the irony…
Previous entries in our Who’s Cheating America? series:
No, no, this isn’t about the divine Audrey Hepburn. We didn’t catch her cheating, thank god. It’s just a boring old insurance company dispute with Tiffany’s, the world-famous jeweler’s. So boring, in fact, I had to jazz it up with a photo. Here’s another:
Sigh. Now onto the case, which is captioned Those Interested Underwriters at Lloyd’s, London who subscribed to the policy of insurance numbered BO80111433 v. Lederhaas-Okun et al.
I thought this was about Tiffany’s? You mean there’s more…?
A penny sale! What could be cuter? In my family, we tell the story of my aunt climbing out of her crib, helping herself to my grandmother’s jewelry, and peddling it to neighborhood kids for a penny apiece. Luckily that was in small-town Wisconsin, and all the jewelry was recovered, with the exception of the priceless heirloom that would have enabled me to retire early. Alas, it was lost to the sands of time… for now, anyway (I’m watching you, Zane Zor Zirbachen!).
Just kidding. I’m sure Zane Zor returned the diamonds just like anyone else.
What does any of this have to do with America’s Greatest Cheaters? Well, a penny sale sounds a lot like a penny auction. Right? Probably one of those things online that lets you buy little trinkets or homemade goods. Kids learn how to invest their money. Spend ten cents and get a smiley-face sticker; fifteen will get you a fake tattoo or something. Hard to imagine anyone making much money at a penny auction. They’re probably run by the folks who brought you Sesame Street and Reading Rainbow.
A key player in an online penny auction site pled guilty in North Carolina federal court Wednesday to securities fraud and tax evasion…Dawn Olivares and her stepson, Daniel Olivares, each pled guilty and face five years in prison for their roles at Zeekler.com, a penny auction site.
What??? Five years? For running Zeekler.com? But that’s such a cute lil’ name! How much could this mom-and-pop (or mom-and-stepson) shop have been taking in!? A few hundred dollars, tops! And for that they get five years?
As a result of the scheme, victims worldwide, including more than 1,500 victims in the Charlotte, N.C., area, sustained losses of at least $750 million.
$750 million? That’s an awful lot of pennies. How many fake tattoos are there, anyway?
Hmmm. Something else must be going on here. (Pause for Googling.)
Okay, thanks to Investopedia, I have a better understanding of penny auctions:
A new trend in the auction market is the Penny Auction. How the penny auction works is you buy a certain amount of bids for a flat rate (the bids are worth around 60 cents), which are used to try to buy items. Every time you bid on an item, a bid is removed from your account and a timer pops up. If the timer reaches zero, then you have won the item. There have been cases of bidders winning items for up to 97% off the retail price. The danger is that there are others bidding on the items as well.
And it turns out there are a ton of these on the Internet, or at least there were before places like Zeekler started getting rolled up by the Feds.* They all have names like Beezid and BidFun and Happy Bidday and offer you the chance to buy an iPad for $18. Are they all scams? I suppose not. Are they a good idea? Let’s just say I’m hanging onto my pennies. You never know when the grandchildren of Zane Zor Zirbachen are going to show up with a tableful of heirlooms and I can repurchase my retirement plan for a cent. (Just kidding, Zane Zor!)
*To be clear, Zeekler cheated to the tune of hundreds of millions by ripping off investors, not just auction buyers.
Previous entries in our Who’s Cheating America? series: