Wednesday, August 5, 2026

Get Rich Slower.

The con artist who sold the Eiffel Tower. Twice.

Trivia of the Day

Sold it again to a different buyer

Victor Lustig famously sold the Eiffel Tower for scrap metal in 1925. What did he do immediately after?

  1. Fled to America and retired
  2. Sold it again to a different buyer
  3. Turned himself in for the publicity
  4. Attempted to sell the Arc de Triomphe

Answer: Sold it again to a different buyer — Lustig's first buyer was so embarrassed he never reported the crime to police.

Victor Lustig understood something fundamental about successful scams: the mark's ego is your greatest asset. In 1925, he read that the Eiffel Tower was expensive to maintain and forged government documents appointing himself Deputy Director-General of the Ministry of Posts and Telegraphs. He invited six scrap metal dealers to a confidential meeting at the Hotel de Crillon, explaining that the government needed to sell the tower quietly to avoid public outcry.

He selected the most insecure dealer—a man desperate to break into Paris's inner business circles—and suggested that a small bribe would ensure his bid won. The dealer paid both the bribe and the sale price. When he discovered the con, his humiliation was so complete he never went to police. A lesser grifter would have disappeared. Lustig returned to Paris a month later and ran the exact same con on a different set of dealers.

The second mark did report him, forcing Lustig to flee to America, where he proceeded to run a sophisticated counterfeiting operation that lasted years. His career illustrates why the best cons target aspiration rather than greed: the victim isn't just losing money, they're losing their imagined future status. That psychological pain is often too great to admit, even to authorities.

Lustig died in Alcatraz in 1947, but not before allegedly conning Al Capone in a long-con that involved returning Capone's own money to build trust. The scheme behind the scheme.

Word of the Day

grifter noun · GRIF-ter

A small-time swindler who operates through charm, deception, and confidence tricks rather than force or complex fraud

The boardwalk grifter claimed his shell game was unbeatable, which was technically true since the pea was never under any shell.

Joke of the Day

Why don't con artists ever use two-factor authentication?

They prefer to keep all their schemes in one basket case.

This Day in History

1962On this day, Marilyn Monroe died, and her estate would become one of the most profitable posthumous celebrity brands in history. Her image now generates over $8 million annually through licensing deals—a business model that didn't exist when she was alive and broke.

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