Here's how to bilk hundreds of thousands of dollars out of super intelligent investors even if you're not that smart, this was done in the UK many, many years ago. Send out a letter to 2000 investors saying you're a professional investor and know exactly when shares will go up or down. Tell 1000 of them share X will go up, tell the other 1000 share X will go down.
If the share goes up, throw away the contact details of the 1000 people who you told the share would go down. Send those 1000 people left another letter, for 500 of them tell them share Y will go up, for the other 500 people, tell them share Y will go down. Does it go up or down? If it goes up, throw away the 500 people you told the share would go down and vice versa.
Do this a 3rd time and what you're left with are the contact details of 250 people who you've told them correctly 3 times in a row which way shares would go. Now's the kicker, ask them to sign up to your exclusive mailing list. The price: $1000. When the money comes in, take it all and run away. This actually happened, the perpetrator was never caught as far as I'm aware.. and I probably got the numbers wrong... but the idea is ingenious.
