Bilked bankers, grifted gamblers, and swindled spinsters:welcome to the world of confidence men.
You'll marvel at the elaborate schemes developed by The Yellow Kid and cry for the marks who lost it all to his ingenuity—$8,000,000 by some estimations. Fixed horse races, bad real-estate deals, even a money-making machine—all were tools of the trade for the Kid and his associa
Bilked bankers, grifted gamblers, and swindled spinsters: welcome to the world of confidence men.
You'll marvel at the elaborate schemes developed by The Yellow Kid and cry for the marks who lost it all to his ingenuity—$8,000,000 by some estimations. Fixed horse races, bad real-estate deals, even a money-making machine—all were tools of the trade for the Kid and his associates: the Swede, the Butterine Kid, the Harmony Kid, Fats Levine, and others.
The Sting
(1973), starring Paul Newman and based largely on the story of the Yellow Kid, is entertaining, but is no match for the real deal.
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Paperback
,
352 pages
Published
February 22nd 2011
by Nabat Books
(first published July 13th 2004)
"It takes a great deal of boldness, mixed with a vast amount of caution, to acquire a fortune. But it takes ten times as much wit to keep it."
Found this book from 48 Laws of Power, which used several of Yellow Kid Weil's stories to illustrate aspects of Power. The 48 Laws distilled the major points but the full autobiography is still worthwhile. The Spanish Prisoner changed to Mexico ... the stock schemes ... the switches ... the depth, cleverness, and subtlety of the schemes is just astounding.
"It takes a great deal of boldness, mixed with a vast amount of caution, to acquire a fortune. But it takes ten times as much wit to keep it."
Found this book from 48 Laws of Power, which used several of Yellow Kid Weil's stories to illustrate aspects of Power. The 48 Laws distilled the major points but the full autobiography is still worthwhile. The Spanish Prisoner changed to Mexico ... the stock schemes ... the switches ... the depth, cleverness, and subtlety of the schemes is just astounding.
Also: have to remember the story about the man who wanted hair mattresses and the wife who loved a special perfume. Moments of weakness.
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If AK Press reprinted the phone book, I would most likely give it 5 stars, but this one is definitely one of their best. Such complex con artistry. Emphasis on the artistry. The cons are so complex, involving so much preparation, that it makes me rethink some conspiracy theories I've heard. Parallels to the financial world abound.
The greatest con of all time? I believe it. Weil's scams are so elaborate and creative you just have to shake your head in wonder. I always thought the big scam at the end of The Sting was pure Hollywood, but it doesn't come close to what Weil pulled. The book isn't so much an autobiography as a chronological accounting of Weil's greatest scams, along with some brief stints in jail and his few attempts to run legit businesses. Each chapter detailing a different scam, the book does get a bit repe
The greatest con of all time? I believe it. Weil's scams are so elaborate and creative you just have to shake your head in wonder. I always thought the big scam at the end of The Sting was pure Hollywood, but it doesn't come close to what Weil pulled. The book isn't so much an autobiography as a chronological accounting of Weil's greatest scams, along with some brief stints in jail and his few attempts to run legit businesses. Each chapter detailing a different scam, the book does get a bit repetitive, but it's still highly entertaining.
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Although not quite a bedside shot at redemption, these recollections of Joe 'The Sting' Weil should still be considered 'too much of a good thing'. There are cinematic levels of adventure here that beggar belief: from conmen fleecing conmen in a parade of party dress and silky subterfuge, to failed escapes ending in slides down oiled lift wires (towards giant enraged victims), and 'seat-of-your pants' improvisations that spin gold out of a mess.
It is possible these tales are on the money, as the
Although not quite a bedside shot at redemption, these recollections of Joe 'The Sting' Weil should still be considered 'too much of a good thing'. There are cinematic levels of adventure here that beggar belief: from conmen fleecing conmen in a parade of party dress and silky subterfuge, to failed escapes ending in slides down oiled lift wires (towards giant enraged victims), and 'seat-of-your pants' improvisations that spin gold out of a mess.
It is possible these tales are on the money, as the rest of Weil's time is spent in the involving minutiae of setting up a job. That side certainly comes across as plausible. He also paints a convincing portraight of the life of a conman - spending big to maintain not just an illusion of respectable wealth, but to fuel the momentum of a life lived on the edge. Planning meticulously ahead, but enjoying the delayed hedonism of success all the more when it comes. What feels less rife with fidelity is his habit of spinning cons as nigh moral actions, exacted exclusively on greedy swine. It's pretty clear that he didn't spend his twilight years as a fund-raiser for charities purely because his criminal persona had been exposed. The man felt guilt. And that's doubtless because his cons also require him to extend the 'help me out' hand of collusion for them to work. (Plus not all his victims were 'Reich colluding' non-patriots and the like - some were just wealthy & trusting old dames. Which in fairness is info he does also share).
Regardless, this is a great slice of history & wonderful delve into the art of the con. He sashays through an era when a sign saying 'Bank' was nigh all you needed to get going in finance & anti-scam laws only protected hicks from out of town. He also shows a talent for innovating legit business practices, demonstrates the 'power of authority', & generally pulls the levers of psychology & society with aplomb. Plus any book that describes a 'telephone headset' inside a guru's headdress, connected to metal heels that interlock into the bottom of a 'meditation couch', is covering all the bases that I want from a 'magical' real-life tale.
Titillating tidbits. A highly self-educated man. A lovely old-time style of writing. Too bad Walter Scott had already written his masterpieces, or Weil might have given us Ivanhoe and The Talisman. When he describes the Texas oilfield scam (Man with the Beard), you literally feel like you've been taken back a 100 years to the south, to one of those stately mansions.
If you read this and your self-awareness hasn't improved, watch out!
It's hard to read scheme after scheme where someone was tricked out of hard-earned cash. And while many of the victims the author mentions are pretty unsavory characters who have no concerns about breaking the law, there were some dupes that are not so easily pegged as dishonest as the author claims. For instance, there's the early scams where people just wanted to bet on horses at the race track. Weil spends so much time convincing them to go along with the scheme that you really feel sorry for
It's hard to read scheme after scheme where someone was tricked out of hard-earned cash. And while many of the victims the author mentions are pretty unsavory characters who have no concerns about breaking the law, there were some dupes that are not so easily pegged as dishonest as the author claims. For instance, there's the early scams where people just wanted to bet on horses at the race track. Weil spends so much time convincing them to go along with the scheme that you really feel sorry for them for falling for it. And the swindle on three spinsters that was set up by a medium was the worst. In this con, the women actually bought land from Weil which he misrepresented as being valuable. They were never looking for an "easy money" scheme like most of the marks, but they were looking for an investment. It was horrible to read through.
I also disliked how Weil seemed to blame the police on his failures to be successful at legitimate business ventures. He had several opportunities to take legitimate work before going to prison, but he always went back to scams. He somehow did not see this as his fault, and at the end of the book he tries to make a case for less restrictive laws on con men like himself!
Aside from the morally corrupt nature of the narrator, it was an interesting and enlightening read.
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