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Wednesday, April 24, 2024

Why Are There So Many Cheaters These Days? - A Wealth of Common Sense

It feels like we can’t go a week without some crazy cheating scandal popping up.

First, there were the professional fishermen who put lead weights and raw fish fillets into the fish they caught to literally tip the scales in their favor.

Then there was the bizarre chess cheating affair where one of the top players in the world was accused of using a vibrating device placed in his rear end.

Next was allegations of a fix in this year’s Miss USA pageant.

There was even an Irish dance competition where it sounds like sexual favors were used to fix competitions.

Plus professional poker is in the midst of an alleged cheating incident that’s still being debated.

And of course, we now have the runaway winner for the biggest charlatan of 2022, Sam Bankman-Fried, who stole client money at FTX (and somehow still hasn’t been arrested yet).

Why does this keep happening?

Why does it seem like cheaters are running rampant these days?

Greed is the easy answer but there’s more to it than that. Times have changed.

In the past, if you committed fraud, you were shunned by society.

Take George Hudson, the swindler who used the railway bubble of the 1800s to line his pockets.

Hudson fudged financials, made false statements to investors, embezzled money, bribed government officials and front-ran trades to make himself wealthy.

There really were no financial regulators back then but the court of public opinion convicted Hudson, who eventually died broke after he was unable to pay back his many...



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