From Elizabeth Holmes to Fyre Festival, the stories of grifters prove compelling
THERE ARE plenty of words in English for tricking people out of their money. You can scam, hustle, bilk, gyp, flimflam, swindle, swizzle, fleece and finagle. Those who do so are grifters, con artists, hucksters, charlatans, hustlers or fraudsters. Such figures are something of a staple in popular culture: think of the champagne-chicanery of F.
and, along with Ramesh Balwani , indicted for nine counts of wire fraud and two counts of conspiracy to commit wire fraud.Yet Ms Holmes’s time in the spotlight did not end after her ignominious exit from Silicon Valley. A documentary, “The Inventor: Out for Blood in Silicon Valley”, will be released by HBO on March 18th. This follows “Bad Blood” , a best-selling book on Theranos’s rise and fall by John Carreyrou, the journalist who originally broke the story for the.
Similar scrutiny has been applied to Billy McFarland, the founder of Fyre Festival. In April 2017 what he billed as an exclusive music event in the Bahamas turned out to be a disaster. Attendees—drawn in by advertising by Instagram “influencers”, and paying up to $12,000 for luxury villas—arrived on the island of Great Exuma to be greeted by disaster-relief tents. Despite a catalogue of failures, Mr McFarland had managed to convince employees and investors that the event could be a success.
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