Fake Psychics Scam Billions


steven_novellaby via NeuroLogica Blog

I know, it’s redundant. All psychics are fake and a scam, but some are worse than others.

Why don't you remember this headline?

Why don’t you remember this headline?

When most people think of psychics they conjure an image (see what I did there) of someone dressed in robes in a mystically decorated parlor who reads your palm or the tarot cards for $40. They are making a meager living giving people a bit of harmless entertainment. Some may actually think they have powers, some may know it’s all an act, but what’s the harm?

In truth, however, many psychics are predators who scam people out of hundreds, thousands, even tens of thousands of dollars. They prey on the vulnerable and the desperate and can ruin lives. This is not a benign industry.

A recent report from Toronto is just one of many – a steady stream with no expectation of ending. They report stories of people who have been victimized by psychics promising to turn around their fortunes, while parasitically bleeding them of as much money as possible. 

How the scam works

Encounters usually begin like any street-corner psychic, with a simple reading. Everyone who comes in for a reading is a potential mark. The more desperate the better.

psychic 856_250pxSuch psychics (I am just going to use the term “psychic” for convenience, but assume the usual caveats – alleged, fake, etc.) are adept at creating the illusion that they have some magical insight. They are, after all, just mentalists, and usually not very good ones. They don’t really have to be, as their audience wants to believe, often desperately.

Their primary tool is the cold reading. This is the technique of listening to what your mark says, then feeding it back to them as if it came to you magically. You can also make vague statements that are likely to apply to most people, then following up when you get a positive reaction, while glossing over any misses. Simple observation also plays a role. A willing target will do most of the hard work, making all the connections in their own mind. This can seem quite impressive to someone naive to the technique – in fact a skilled mentalist can seem impressive even to someone familiar with it.

This is all part of the grooming, drawing the mark in and gaining their confidence. This is, after all, a confidence game. Once you believe that the psychic has the magical power to fix your life, you are lost.

They then use a variety of tricks to bleed their marks of all their money. They may use some slight of hand, like pretending the water their mark gargled is full of insects, or an egg used in a seeing is full of black ichor. They try to convince their mark that they are cursed, and that the psychic has the power to lift the curse. This frequently involves praying over cash, gift cards, or other untraceable items of value – items the mark never sees again.

In one case a psychic scammed a business man whose girlfriend died unexpectedly out of $700,000.

Continue Reading @ NeuroLogica Blog – – –

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