Matthew Cox | Inside True Crime Podcast
Fraudster Roundtable: The Best and Worst Scams of 2024
Wed, 20 Nov 2024
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Chapter 1: What are the best scams of 2024?
The best scams are when the victim thinks he's getting over on you. I don't like to have to convince somebody of anything in order for me to get paid. I enjoy speaking to the people because I'm a manipulator. When he said no driving, he meant don't get caught driving. I'm driving. I'm breaking the law. Who's going to stop me?
Are you going to sign an officer to me every time I step out of the house? I got to come take the car.
He better not go to sleep at any time. Where did he go? Can you think of a scam that would work?
I wanted to hear Boziak's opinion of what you offered as opposed to what I offered on the mail-in
He's going to back me up.
Okay, let's see.
So run the scam one more time for me.
All right, so somebody's sending out letters to people telling them that someone died and you can get part of the inheritance.
Here's my issue with any... I'm one of those people that the scams, I don't like to deal with people. Okay, I don't like to have to convince somebody of anything in order for me to get paid. Because I just, I clam up and I have that anxiety inside of me. Like most people that do that, I mean, I'm not talking shit, they're drug addicts.
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Chapter 2: How do scammers manipulate their victims?
We're just tweaking it. Listen, it's what's called the Nigerian Prince scam.
No, I understand the Nigerian Prince scam. It's been around for a long time.
Right. So what I'm saying... Which is amazing how I fell for it. What I'm saying... And you didn't fall for it. You kind of fell for it. You were taken in a little bit, but you didn't fall... If you'd fallen for it, you would have paid. Yeah. So here's what I'm saying is that... The difference is I'm saying the scam in general, I don't like it.
But if you were going to do it, if they tweaked it a little bit, it's easier to tweak it by saying... Because it was a law firm that...
That contacted him you can make it look like anything right you the problem is the letter did not look like a letter from a law firm The the guy that answered the phone was did not sound like an attorney The amount of money that they off that they uh, so you're saying if somebody had this operation down to a t would work Yeah, I think I think if it was less money Because they were trying to get me for for ten thousand dollars and he's saying if it would have been like 450 dollars
Trying to convince somebody that they have an inheritance coming, but you need to give me money first before you get the inheritance? I just think that's... I don't think that's even... I think you don't understand.
I think it's crazy. I think that's the most insane thing ever. I think you don't see it from a loose... What it is is the guy is saying, hey, listen, this isn't really rightfully yours. Your name is close to.
So you're trying to convince someone to commit fraud. That makes it even worse. That makes it even worse.
But if you were inclined to participate, then that's where he grabbed. Because that's where they grabbed me. Because it's like, hey, this is $11 million. It's the carrots. And I'm like, are you, so you're saying this woman died.
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Chapter 3: What makes the Nigerian Prince scam effective?
Man, I made a living off of over-ambunctious, back then, Macy's, Burdine's, Dillard's. Yeah, I would go in there and I'm ready. They want that commission. I've got the driver's license. That was a scam I was going to bring up. I've got it all waiting. And I'm just walking around. I walk around in the polo section. Back then, the nautica section. You know, hey, you want to try Instagram? Yeah.
I don't know. They still do that to this day, don't they, Instacredit? Yeah, but they don't aggressively try to solicit. Well, they do. They used to have podiums right outside of Dillard's. And before you walk in, hey, you're just trying to get out to your car.
Yeah.
Hey, we've got teddy bears, lollipops, just if you apply.
Now they've only tried to get you at the counter and sign up for the credit card.
Before you ring that up. That's why I always remember it at the counter. That was what I was going to bring up. Like you said, a scam. What would be instant credit where you would go into stores and try to buy something, tell them it's outside of your budget. And then the store would say, well, hey, how about getting one of our credit cards?
You want to apply for one of our credit cards and we'll extend you to credit. That way you can leave here with whatever you want. So that that's kind of a scam, but it's not like a scam against another person. It's kind of a scam against the company and the bank. You know what I'm saying? We have been talking about scams against other individuals.
How does that work?
All right, the way it works is you get a fake ID of someone that has good credit, someone you know that has good credit. Then you take that fake ID into, like Six was just saying, into a department store or a store. And then they ask you, hey, you want to apply for instant credit? All you need is the ID. So you show them the fake ID.
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Chapter 4: How does social engineering play a role in scams?
Yeah, everybody started doing it. A thousand bucks. You apply for anything, they ask you like, you know, Like what college did you go to? And they give you like four different ones and you're like, oh, boom. And they're like, what color car did you have during this period of time? Oh, it was red. Then they ask you all these different, like what mortgage companies have you ever had a mortgage with?
And then you're like, oh, they get into that when there's some type of discrepancy in that instant credits portion immediately. The key with what he had and what he was doing, when we're at that register doing the instant credit, I'm giving you the number that's on credit. I'm giving you the address. So all these key points match, bing, here's the instant credit.
If there's some type of discrepancy, I got a new phone number, whatever small thing, there's that one discrepancy, yeah, go ahead and call. That's what Target was like. So Burdine's and all of them, they want you to call anyway.
Best Buy. Circuit City. Circuit City.
They want you to call anyway. You're going to call anyway. Michelle Obama's going to call. And then that was where Madison.
Oh, yeah. So we'd have the Lexus Nexus report and we'd be outside and he'd have an earplug in. So when they call and ask you those questions, like what color was the such and such car that you owned? And he'd be like, what color? And he would just repeat it back because she can hear you on the phone. She can't hear the person because you're actually on a telephone.
So she can't hear the person on the telephone. So you just repeat the question back. I remember what's so funny is I remember us talking about that. You're like, well, how the hell is she going to hear the person on the phone? I go, repeat the question back.
Absolutely.
Oh, what color?
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Chapter 5: What strategies do scammers use to avoid detection?
But yeah, you'd have to get, in order to get a fake ID, generally you have to know someone that has a connector that made them. And if you had them, you would tell people like, look, I got them this much money. And then you would get surrogates that, let's say you had a fake ID for $200. Mine were $300.
Then I would tell everybody it's $400 because I'm going to make $100 because I'm going to deal, like I'm going to be the middleman. So I'm going to bring you custom, and you put the word out. So generally, people who are in the scamming arena know someone that's doing IDs. But I think, my friend, let me call it. It's kind of like you send a word out.
It's like you just go online now. Oh, my God. I was vending online. I think he's right. Almost all my IDs. You can do that now.
Oh, yeah. A lot of those online IDs that come in, I've heard. are crap. They're like paper thin. They're advertising, you know, I've got holograms.
I've got this and that. If you go to three different websites and you pay $400 for the same ID from four different websites, you're going to get four pieces of garbage. I think one of them's probably good. One of them's, well, obviously you can go on, you can look at the reviews. Are these decent? Are they, you know, so you're probably going to get one.
Let's assume you pay $400 to three different people as $1,200 and you only get one decent ID. For $1,200, that's worth it. You know what I'm saying?
To get one working, decent ID. So for the purposes of this exercise, we're assuming that all of this is going to take an ID. So we're assuming that we can get a hold of this good ID.
Yeah, but I mean, you have to figure out where you're going. It's different what... what you guys would do, you know, you guys are banking on getting someone's information that has good credit.
That that also requires what I call mining.
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Chapter 6: How has technology changed the scamming landscape?
You know what's so funny is that whenever people – so like one of my scams that I had done that – it's funny because you still have – well, we were talking about this. You don't really have to see the person. Now, like if you could convert that scam to today – For example, you don't even have to see anybody now. That's the beauty of it. You guys were like, you need good credit.
You need to get a dump that somebody has good credit. You can make the credit card. You can do all these things. You still need somebody with good credit, but when I was doing it, And there were times I used people with good credit or I created people with good credit. But the easiest version was if you can eliminate somebody with good credit and just get like, you know, like a homeless person.
You're so right.
That's why it ended up having me go to jail like three times. Using people with good credit.
The way you do, the way I would do that is, is because if you have an asset. then people want to lend to you. Not, hey, I want you to give me a credit card for $20,000. I could go and, you know, I used to have to, I would go rent the house. I would go meet the people and everything.
But now, because of like Airbnb and everything, like now you can, you could go survey a homeless person, get his information, order an ID in his name from some Russian website, get the ID.
Now, granted, the homeless person has seen you, okay, admittedly, but the chances that they're going to track down a homeless guy three states away, like if you go to Oklahoma and get five guys, and then you go to South Carolina, and then all you have to do is you've got the ID, you order an ID. If you order 10 IDs, what does it matter? If I spend $4,000 and I just get one ID,
That's passable that I can go into the bank or even go online. Cause this guy's going to have an ID. You know, you can survey somebody and say, Hey, uh, yeah, yeah. I just need to get your ID. Oh, I don't have an ID. Sorry. I can't use you. You just wait. You talk to 20 guys. You're going to get some guys that have IDs. You pay them 20 bucks.
You fill out the survey and you get all their information. And then you get somebody online to make that, that, uh, ID only with your picture on it. Cause I got all this information. So I open up, you open up a bank accounts online, uh, And now you've got a bunch of several bank accounts online that are open. And then you just apply. I'm sorry. You then rent an Airbnb for two weeks.
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Chapter 7: What lessons can we learn from these scams?
To me, I would not have the heart to do that to somebody. Oh, that's nothing. There was a chick that was inside. How much did that? The girl got $350,000. She leased the place for like a week. and then she put it online for sale.
People were showing up and she was taking $5,000, $10,000, $15,000 deposits saying she was selling the house under market value and people are giving 15 grand, 20 grand, five grand just to hold it. And they were writing a check to a title company, but she just opened a bank account in a title company, $350,000. This was a black woman, wasn't it? Yeah, yeah, yeah. Yeah, yeah.
What does that even have to do? I'm just saying, you know. I'm just saying. Well, I know that because I think her name was like, you know, Marquisa or something. I don't know.
But anyway, she was listening. Her name was Kathy, guys. Her name was... $350,000 in like a week. What are you doing to a family or someone for money?
You know what's funny about that?
It's messed up.
Boziak goes, when we did it, Boziak said, because we saw the pictures of her and she's like 22 years old. And Boziak goes, no, it's not her. She had to have somebody else that knows what's going on that was in this. And sure enough, a week later after they arrested her, they arrested the other chick who was like 35 years old.
But I looked at her and I could tell she wasn't the brains of the operation.
No, she was the face of it.
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Chapter 8: How can we protect ourselves against scams?
That's how Bitcoin moves around though. So it's not weird to see one wallet go to like 50 different wallets.
But if I'm investigating it, I'm going to walk those 50 different houses to find the end of that.
But the wallets are anonymous.
So you don't know who owns them. But you know where the next transaction went to. Anonymous here, anonymous there. You just keep finding it until, oh, there's a name.
The way to do it, the way the Bitcoin billionaire, the Bitcoin, all the big scammers do, is they would go to, what is it, an exchange. They'd send it to an exchange and then it gets lost because now the exchange is issuing you more stuff. Now, they could then track that. The point is, at some point, you have to get it out of Bitcoin. Whether they can track it completely or not is questionable.
But for the most part, unless you wanna spend hours and hours and days sifting and moving in this, the best part is to try and get the money into a bank account and out of the bank account into assets that you could just resolve that aren't titled.
Well, I would counter that. Anything that you do digitally, Has a digital footprint, regardless if that name is a pseudo name or whatever, because you can, you can dead end a lot. But it has to be liquidated in order to dead end it. Yeah. Even, even with the launderers, the, the, the whole premise is to get that stuff off of where it's at liquidated. Now I have it.
Now I can, it can be redeposited.
Right. Yeah, that's what I'm saying. Some other way. How do I liquidate it? Is that you buy something like precious metals because you buy the precious metals. If you're buying $100,000 worth of gold, it costs you like, or let's say $100,000 worth of diamonds. It costs you about 3% to 6% just to buy it. Now I've got the $100,000 less, let's say three grand.
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