Tuesday, August 18, 2026
Trivia of the Day
What did con artist Victor Lustig famously sell twice to scrap metal dealers in 1925?
- The Brooklyn Bridge
- The Eiffel Tower
- The Statue of Liberty
- Tower Bridge
Answer: The Eiffel Tower — Lustig walked away with the equivalent of over $200,000 in today's money—and one buyer was too embarrassed to report it.
In the spring of 1925, Victor Lustig read that Paris officials were debating the Eiffel Tower's future. The structure was expensive to maintain, rusting, and—some argued—an eyesore. Lustig saw an opportunity. He forged government credentials, rented a limousine, and invited six scrap metal dealers to a confidential meeting at the Hotel de Crillon.
His pitch was simple: the government had secretly decided to dismantle the tower, but the decision was politically sensitive. He needed a discreet buyer for the scrap iron—7,300 tons of it. The dealers were skeptical until Lustig added the perfect detail: he hinted that a *bribe* might be necessary to secure the deal. That made it feel real. One dealer, André Poisson, paid both the purchase price and the bribe. Lustig cashed the check and disappeared.
Poisson never reported the fraud. Admitting he'd tried to bribe a government official—and fallen for a scam—would have destroyed his reputation. Emboldened, Lustig returned to Paris six months later and sold the tower *again* to a different dealer. This time the mark went to the police, and Lustig fled to America, where he continued scamming for another decade.
The Eiffel Tower con remains the gold standard of audacity: Lustig didn't steal a monument, he sold the *idea* of ownership to people who desperately wanted to believe they'd beaten everyone else to the deal. The best hustles don't rely on greed alone—they rely on ego.
Word of the Day
flimflam noun / verb · FLIM-flam
A confidence trick or swindle; nonsense or humbug; to swindle or deceive with a confidence scheme.
“The whole blockchain-powered juice press pitch was pure flimflam, but somehow it raised $120 million.”
Joke of the Day
Why did the con artist refuse to sell the Golden Gate Bridge?
He'd already pre-sold it to three different buyers and didn't want to oversaturate the market.
This Day in History
1590 — On this day, John White returned to Roanoke Colony after a three-year fundraising trip to England, only to find the settlement completely abandoned—the investors' money gone, the colonists vanished, and only the word "CROATOAN" carved into a post. The ultimate startup failure: total loss of capital *and* team.
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