And the Lies Go On

Lies are alive and well and circulating among us. In case anyone thought my recent posts about the seductiveness of lies were an abstract exercise, current events prove otherwise.

The Washington Post reported this month about a Ponzi scheme that allegedly swindled $500 million from unsuspecting investors. (A Ponzi scheme is a type of financial scam.)

A key point of this scam–similar to all Ponzi schemes–is that the investors believed the lies told to them by people they knew and viewed as having some authority on the investment. These lies were flattering and played to their desire to help others while getting rich.

One person who lost money is quoted as saying “We were a little nervous, but we trusted him. Because we were friends and belonged to the same church, the red flags were heart-shaped. I was like, ‘Wow. We are really lucky to be involved in this investment.’”

It was falsehood with just the right amount of truth to make it believable.

These lies, as lies often do, defrauded many for the personal benefit of the few. And such lies will continue for as long as there are people willing to fall for them.

Dust off and recycle some old lies. Serve them up again. People fall for them. They want to believe them.

What solutions are there? I can think of several. Comment below and I will share some of them with you.


Thoughts? Questions? Comments? I'd love to hear...

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