deception - The Art of the Prank

March 6, 2009December 15, 2023

LiteratEye #4: The Fix Is In: Planted Documents

Here’s the fourth installment of LiteratEye, a new series, only on The Art of the Prank Blog, by W.J. Elvin III, editor and publisher of FIONA: Mysteries & Curiosities of Literary Fraud & Folly and the LitFraud blog.

LiteratEye #4: The Fix Is In: Planted Documents
By W.J. Elvin III
March 6, 2009

Monk Transcribing Scriptures The recent fuss about President Obama”s birth certificate started me thinking about the broader topic of “planted” documents. Three modern cases, involving murder, fraud and theft came to mind.

The first case features a brilliant fellow, for a time a highly respected document dealer, who concluded his career as an expert forger by committing two murders.

It is the dream of every “picker” to be rummaging through the bargain bin of a second hand bookstore only to discover a real rarity. That actually happened for Mark Hofmann. The twist was that Hofmann had planted this particular document in the bin in the first place. Continue reading “LiteratEye #4: The Fix Is In: Planted Documents”

March 4, 2009December 15, 2023

LiteratEye Extra: China”s Prank Thwarts “˜Theft of Culture”

Editor’s Note: W.J. Elvin III’s LiteratEye column about literary hoaxes is featured here, and only here, every Friday. This is a LiteratEye Extra:

News Analysis: China”s Prank Thwarts “˜Theft of Culture”
by W.J. Elvin III, March 3, 2009

artchinanewsafpgi-200 Do pranks have a role in repairing theft of culture? Apparently the Chinese think so. Quite often, theft of culture refers to items captured by a conquering army, so-called “spoils of war,” sometimes excused as “war souvenirs.” There are many other ways items of cultural significance are liberated from their proper homes including outright theft, sale by someone who has no right to sell, and treasure hunting (sometimes in the respectable guise of archaeology), to name a few.

Examples could be drawn from the world over (see More nations demanding return of relics, from Business Inquirer) but this particular case is from China, formerly a huge shopping mart for collectors and now trying to reclaim some historic cultural items it considers plundered. When two extraordinarily valuable Chinese bronzes went up for auction the other day, the high bidder at nearly $40-million, a Chinese government official, then refused to pay. Continue reading “LiteratEye Extra: China”s Prank Thwarts “˜Theft of Culture””

February 20, 2009January 15, 2019

LiteratEye #2: Author Keven McQueen Recalls A Master Prankster of Yesteryear

Here’s the second installment of LiteratEye, a new series, only on The Art of the Prank Blog, by W.J. Elvin III, editor and publisher of FIONA: Mysteries & Curiosities of Literary Fraud & Folly and the LitFraud blog.

LiteratEye #2: Author Keven McQueen Recalls A Master Prankster of Yesteryear
By W.J. Elvin III
February 20, 2009

It is quite possible that the name “Joseph Mulhattan” does not set bells ringing and lights flashing in the minds of modern readers, even if those readers seriously appreciate pranks and hoaxes. Keven McQueen may correct that regrettable state of affairs one day, when he finalizes his book on one of the master pranksters in journalism history.

Mulhattan’s bizarre news articles – perhaps hundreds – were often swallowed whole by the press and public of his era. “Mulhattan convinced our ancestors that a lost race of Aztecs had lived in Kentucky, that a meteor had demolished a sizable portion of Texas, that trained monkeys were a threat to American labor and that two moons orbited the earth. The last two hoaxes even fooled some scientists,” McQueen told me, adding: “Some of his tall tales survive today in the form of what we now call urban legends.”

Mulhattan was a very successful traveling salesman by trade but it was his sensational “news” that secured a position in the national spotlight. According to McQueen, Mulhattan was as well known in his day as Mark Twain or Jules Verne. He convinced many readers that the bodies of George Washington and Abraham Lincoln were to be exhumed and put on display, viewable for a fee, in celebration of the Centennial in 1876. A story attributed to him about David Lang, a Kentuckian who disappeared in thin air before witnesses, still appears today as a “strange but true” report. His tale of trained monkeys replacing farm laborers provoked angry editorials and brought hate mail to the innocent farmer whom Mulhattan mischievously credited with the innovation. Continue reading “LiteratEye #2: Author Keven McQueen Recalls A Master Prankster of Yesteryear”

January 9, 2009January 15, 2019

ADHD Investing

Top 2009 Resolution: Don’t Be Stupid
by Daniel Henninger
Wall Street Journal
January 8, 2008

Bernard Madoff revealed our thoughtless ways.

adhd-investing Back in olden times, mankind found it useful to live by mottoes. A motto reduces the helpful lessons of life to three or four words, maybe two, as in the Boy Scout motto: Be Prepared. Or, apropos now: Look before you leap.

The most famous motto in our time has been Google’s Don’t Be Evil. I’m not sure what that means exactly, but here’s a motto for the next four or five years: Don’t Be Stupid.

It would not have occurred to me to posit Don’t Be Stupid as a motto for our times had not 2008 ended with the Bernard Madoff story. Up to then, we were all preoccupied with the economic meltdown that began in mid-September with the collapse of Lehman Brothers and other household gods of global finance.

The economic crisis, originating in the subprime mortgage lending phenomenon, was said to be complex. Madoff’s story, however, was simple. For years, uncounted numbers of the most sophisticated people here and in Europe conveyed to Mr. Madoff tens of billions of dollars because this solitary investor, unlike virtually every other professional investor, achieved returns in excess of 10% annually in all economic seasons. Continue reading “ADHD Investing”

January 4, 2009January 15, 2019

The Gullibility Factor

Why We Keep Falling for Financial Scams
by Stephen Greenspan
The Wall Street Journal
January 3, 2009

Intelligent people have long been ruined by frauds. Psychologist Stephen Greenspan, who specializes in gullibility, explores why investors continue to be swindled — and how he came to lose part of his savings to Bernard Madoff.

anatomyofgullibility

There are few areas where skepticism is more important than how one invests one’s life savings. Yet intelligent and educated people, some of them naà¯ve about finance and others quite knowledgeable, have been ruined by schemes that turned out to be highly dubious and quite often fraudulent. The most dramatic example of this in American history is the recent announcement that Bernard Madoff, a highly regarded money manager and a former chairman of Nasdaq, has for years been running a very sophisticated Ponzi scheme, which by his own admission has defrauded wealthy investors, charities and other funds of at least $50 billion. Continue reading “The Gullibility Factor”