A charlatan (also called a swindler or mountebank) is a person practicing quackery or a similar confidence trick in order to obtain money, power, fame, or other advantages through pretense or deception. One example of a charlatan appears in the Canterbury Tales story "The Pardoner's Tale," with the Pardoner who tricks sinners into buying fake religious relics. Synonyms for charlatan include shyster , quack, or faker. Quack is a reference to quackery or the practice of dubious medicine, including the sale of snake oil, or a person who does not have medical training who purports to provide medical services.
The English word comes from French charlatan , a seller of medicines who might advertise his presence with music and an outdoor stage show. The best known of the Parisian charlatans was Tabarin, whose skits and farces – which were influenced by commedia dell'arte – inspired the 17th century playwright Molière. The word is also similar to Spanish charlatán , an indiscreetly talkative person, a chatterbox. Etymologists trace charlatan ultimately from Italian, either from ciarlare , [1] to chatter or prattle; or Cerretano, a resident of Cerreto, a village in Umbria, known for its quacks in the 16th century, [2] or a mixture of both.
A distinction is drawn between the charlatan and other kinds of confidence tricksters. The charlatan is usually a salesperson of a certain service or product, who has no personal relationship with his "marks" (customers or clients), and avoids elaborate hoaxes or roleplaying con-games. Rather, the person called a charlatan is being accused of resorting to quackery, pseudoscience, or other knowingly employed bogus means of impressing people in order to swindle victims by selling them worthless nostrums and similar goods or services that will not deliver on the promises made for them. One example of a charlatan is a 19th-century medicine show operator, who has long since left town by the time the people who bought his "snake oil" or similarly named "cure-all" tonic realize that it was a scam. A misdirection by a charlatan is a confuddle, a dropper is a leader of a group of conmen, and hangmen are conmen that present false checks. A gaff means to trick or con and a mugu is a victim of a rigged game.
In reported spiritual communications, a charlatan is a person who fakes evidence that a spirit is "making contact" with the medium and seekers. Notable people who have successfully debunked the claims of purported supernatural mediums include magician/scientific skeptic James Randi, Brazilian writer Monteiro Lobato and magician Harry Houdini.
Charles Ponzi was an Italian charlatan and con artist who operated in the United States and Canada. His aliases included Charles Ponci, Carlo, and Charles P. Bianchi.
A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities, or by exaggerating the extent and profitability of the legitimate business activities, leveraging new investments to fabricate or supplement these profits. A Ponzi scheme can maintain the illusion of a sustainable business as long as investors continue to contribute new funds, and as long as most of the investors do not demand full repayment or lose faith in the non-existent assets they are purported to own.
A scam, or a confidence trick, is an attempt to defraud a person or group after first gaining their trust. Confidence tricks exploit victims using a combination of the victim's credulity, naivety, compassion, vanity, confidence, irresponsibility, and greed. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators at the expense of their victims ".
Quackery, often synonymous with health fraud, is the promotion of fraudulent or ignorant medical practices. A quack is a "fraudulent or ignorant pretender to medical skill" or "a person who pretends, professionally or publicly, to have skill, knowledge, qualification or credentials they do not possess; a charlatan or snake oil salesman". The term quack is a clipped form of the archaic term quacksalver, derived from Dutch: kwakzalver a "hawker of salve" or rather somebody who boasted about their salves, more commonly known as ointments. In the Middle Ages the term quack meant "shouting". The quacksalvers sold their wares at markets by shouting to gain attention.
Gustavus Katterfelto was a Prussian conjurer, scientific lecturer, and quack who travelled through Georgian England.
Morris Fishbein was an American physician and editor of the Journal of the American Medical Association (JAMA) from 1924 to 1950.
George Walter de la Warr was an English civil engineer and a pioneer in the field of radionics. In 1953, he resigned from his engineering position with Oxfordshire County Council to work within the discredited field of radionics. His devices were denounced by medical experts.
Radionics—also called electromagnetic therapy (EMT) and the Abrams method—is a form of alternative medicine that claims that disease can be diagnosed and treated by applying electromagnetic radiation (EMR), such as radio waves, to the body from an electrically powered device. It is similar to magnet therapy, which also applies EMR to the body but uses a magnet that generates a static electromagnetic field.
Bernard Lawrence Madoff was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. He was at one time chairman of the Nasdaq stock exchange. Madoff's firm had two basic units: a stock brokerage and an asset management business; the Ponzi scheme was centered in the asset management business.
Andrew Madoff was an American financier, best known for exposing alongside his brother the financial crimes of his father, Bernie Madoff, whose Ponzi scheme has been widely described as the most successful in history.
Mark David Madoff was an American financier who alongside his brother exposed the multi-billion dollar Ponzi scheme committed by his father, Bernie Madoff.
American Greed is an American documentary television series on CNBC. The series focuses on cases of Ponzi schemes, embezzlement and other white collar crimes and features interviews with police investigators, fraud victims and sometimes fraudsters.
Frankensteins of Fraud is a book written by Joseph T. Wells, founder of the Association of Certified Fraud Examiners. Subtitled The 20th Century's Top Ten White-Collar Criminals, the book profiles ten famous criminal frauds. From Charles Ponzi, the father of the Ponzi scheme, to Crazy Eddie, this books talks about the crimes committed by these fraudsters and the consequences of those crimes. After publishing the book, Wells donated the materials that he'd collected during his research to establish the Fraud Museum in Austin, Texas.
International Investment Group (IIG) is an American financial institution that specializes in short-term trade finance and commercial finance with a focus on emerging markets. Through its affiliate IIG Capital it provides financing to small and medium-sized merchants, traders and processors with a need for supply chain financing.
Ascot Partners is a hedge fund that was a feeder fund to Bernie Madoff.
Leopold Koretz (1879–1925) was an American lawyer who ran an elaborate Ponzi scheme in Chicago, called the "Bayano oil fraud," which garnered an estimated $30 million from dozens of investors in Chicago. The scheme used fraudulent claims of oil interests in Panama in a criminal career that predated and outlasted his contemporary, Charles Ponzi. Koretz was so trusted and admired that after Ponzi's fraud was exposed in 1920, his investors nicknamed him "Our Ponzi," never suspecting they were being duped as well.
Frederick Darren Berg is an American entrepreneur, business executive, convicted Ponzi scheme operator, and prison escapee. He is the founder of MTR Western, a motorcoach operator headquartered in Seattle. He sold fraudulent investments through the Meridian Group, a group of investment companies, defrauding nearly 700 investors who lost almost $150 million, and he was sentenced to 18 years in prison in 2012. He has been nicknamed "Mini Madoff" for his crimes' similarity to those of Bernie Madoff. Berg escaped from prison in 2017.