April Fools’ Day: depending on where you fall on the gullibility scale, it’s either a harmless day of light pranks or a chance for the jerks among us to be, well, jerks.
From a young age we’re taught to watch our backs on April Fools’ Day—make sure there’s no Saran Wrap on the toilet, be extra cautious when accepting “treats” from “friends,” and, for the love of all that is good, keep one eye trained on your shoelaces!
And then there’s fraud: a more consequential kind of foolery where there’s little teaching or training. As adults, most of us are aware of its existence, but are less well-versed in the clues and the consequences. And unlike April Fools’ Day, it’s not enough to keep your guard up for just one day to prevent fraud. As Nobel Laureate economist Robert Shiller points out, the world will never be rid of “fraud and fools.”
In honor of April Fools’ Day this year, we at Kount take a look at some of the most infamous cases of fraud and foolery.