Drop Swindle

The drop swindle was a confidence trick commonly used during the 19th and 20th centuries. Employing a variety of techniques the con usually consists of the "dropper", who purposely drops a wallet containing counterfeit money near a potential victim. As the victim goes to pick it up the "dropper" turns to pick it up at the same moment pretending to have found the wallet as well. Acting as if he is in a hurry the "dropper" offers to give the wallet to the victim in exchange for money while the victim can claim the reward from the owner. One of the leading practitioners of this confidence trick was "Kid Dropper" Nathan Kaplan, an early twentieth century gangster.

While the drop swindle is now fairly well known it is still practiced today as most major cities receive complaints regarding this specific scam.

Variations of this confidence trick are seen in movies like The Flim-Flam Man (1969), The Sting (1973) and Matchstick Men (2003).

Scams and confidence tricks
Terminology
  • Confidence trick
  • Error account
  • List of confidence tricks
  • Shill
  • Sucker list
  • Conman
Notable scams and
confidence tricks
  • 2G spectrum scam
  • Advance fee fraud
  • Art student scam
  • Badger game
  • Bait-and-switch
  • Black money scam
  • Bogus escrow
  • Boiler room
  • Charity fraud
  • Clip joint
  • Commonwealth games scandal
  • Coin rolling scams
  • Drop swindle
  • Embarrassing cheque
  • Employment scams
  • Fiddle game
  • Fine print
  • Fodder scam
  • Foreclosure rescue scheme
  • Forex scam
  • Fortune telling fraud
  • Get-rich-quick scheme
  • Green goods scam
  • Hustling
  • Indian mining scam
  • Satyam scandal
  • Intellectual property scams
  • Kansas City Shuffle
  • Long firm
  • Miracle cars scam
  • Mock auction
  • Patent safe
  • Pig in a poke
  • Ponzi scheme
  • Pump and dump
  • Pyramid scheme
  • Reloading scam
  • Shell game
  • Sick baby hoax
  • Slavery reparations scam
  • Spanish Prisoner
  • Strip search prank call scam
  • Swampland in Florida
  • Telemarketing fraud
  • Thai gem scam
  • Thai tailor scam
  • Thai zig zag scam
  • Three-card Monte
  • Trojan horse
  • White van speaker scam
  • Work-at-home scheme
Internet scams and
countermeasures
  • Advance-fee fraud
  • Avalanche (phishing group)
  • Click fraud
  • Computer crime
  • CyberThrill
  • DarkMarket
  • Domain slamming
  • E-mail authentication
  • E-mail fraud
  • El Gordo de la Primitiva Lottery International Promotions Programmes
  • Employment scams
  • Internet vigilantism
  • Lottery scam
  • PayPaI
  • Phishing
  • Referer spoofing
  • Ripoff Report
  • Rock Phish
  • Romance scam
  • Russian Business Network
  • Safernet
  • Scam baiting
  • ShadowCrew
  • Spoofed URL
  • Spoofing attack
  • Stock Generation
  • Cramming (fraud)
  • Website reputation ratings
  • Whitemail
Pyramid and Ponzi schemes
  • Dona Branca
  • Caritas
  • Bernard Cornfeld
  • Foundation for New Era Philanthropy
  • High-yield investment program (HYIP)
  • Investors Overseas Service
  • Bernard Madoff
  • MMM
  • Make Money Fast
  • Petters Group Worldwide
  • Pyramid schemes in Albania
  • Reed Slatkin
  • Scott W. Rothstein
  • Stanford Financial Group
Confidence tricks in the media
  • Books and literature
  • Fictional con artists
  • Television and movies
  • See also: List of real-life con artists
  • List of confidence tricks
  • List of Ponzi schemes

Famous quotes containing the words drop and/or swindle:

    ... how often the Presidency has simply meant that a man shall be abused, distrusted, and worked to death while he is filling the great office, and that he should drop into unmerited oblivion when he has left the White House ...
    M. E. W. Sherwood (1826–1903)

    If Uncle Sam should ever sell that tract for one cent per acre, he will swindle the purchaser outrageously.
    State of Utah, U.S. public relief program (1935-1943)