Le$$ons from the Great Cheaters
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Costa Rich-a

April 16, 2009

According to Cynopsis, Ex-Illinois Gov. Rod Blagojevich may end up starring in NBC’s summer reality series I’m a Celebrity … Get Me Out of Here if a federal judge allows him to travel to Costa Rica from where the show will originate.

The Cheater Says: Straight outta Part III of the book!
a. Use the fame from your cheating to reinvent yourself and get rich again (see Don Imus, Henry Blodget, Jason Giambi), or
b. Set up some cockamamee excuse to flee the country (when found in the ocean, HealthSouth’s Richard Scrushy claimed he was just yachting to Disney World… from Alabama). Brilliant!

You remember Blagojevich, right?


Filed under: Advice,News — @ 7:29 am



It’s a great day to cheat

April 15, 2009

The Cheater Says: Today is tax day, but, as Leona Helmsley said, “Only the little people pay taxes.”

So lie on your returns. Create fake expenses. Hide money in Delaware and Bermuda and “Special Purpose Entities.” Hire KPMG.

If folks as diverse as Willie Nelson and Wesley Snipes can do it, so can you. You can’t spell “making millions by cheating on your taxes” without “cheating on your taxes.”

Remember: They can’t catch us all.


Filed under: Advice — @ 10:08 am



Allen Stanford loves “Get Rich Cheating”!

April 7, 2009

Chapter 28 of the book is called “Deny, Deny, Deny” and has le$$ons from the likes of Raphael Palmeiro, Ken Lay, Richard Nixon, and Eve.

Great Cheater Allen Stanford’s obviously read an advance copy, because he’s perfected the techniques outlined therein, right down to the tears:
Stanford denies fraud, threatens interviewer


Filed under: Advice,News — @ 5:27 am



Today’s Cheat: Art

March 27, 2009

Right here in lil’ ol’ Manhattan, “Art dealer held over $88m fraud.”

The Cheater says: Rich people are great targets for cheating!
a. They think they’re too smart to be scammed, and
b. as this student of my methods knows, they’ll never admit they don’t know a thing about art.
Ego + ego = easy pickings.

(Ironically, those who can afford to lose millions on art usually got those millions themselves by, mmm hmm, cheating).


Filed under: Advice,News — @ 9:21 am



Today’s Cheat: Hedge Funds

March 25, 2009

The Times reports that 25 Hedge Fund managers made $11.6 billion in ’08.

The Cheater says: Run a hedge fund!
Not a reserve of cash to pay your gardener, hedge funds are big green bales of cash separating the lawns of prosperity from the sidewalks of poverty. Their managers gets at least 1% of the value of the fund, regardless of how it performs, then another 20% of the profit.

Easy pickings:
Manage a $1 billion hedge fund, so get 1% ($10 million) off the top. If you make no money, take that $10 mill. Or, lie and say the fund made $100 million, then take 20% ($20 million) of that. Or, steal the whole $1 billion, and take the $10 mill, too.
(What do you do later when people question your numbers? That’s right, you restate your past financials, declare bankruptcy, get immunity from your Congressional friends, and move to Turks & Caicos!!! Hooray!)

You’ll be the envy of your smarter, more experienced, harder-working friends. Your poor friends.


Filed under: Advice,News — @ 12:08 pm



Don’t Fix CNBC

March 24, 2009

Taped some stuff today for FixCNBC.com.

The Cheater says: “No! Don’t fix CNBC! They helped so many of us Get Rich Cheating, what with their cheerleading and riding around on our jets… Stop stopping it!”


Filed under: Advice,News — @ 5:17 pm



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