A confidence trick is a dishonest practice that is relies on the criminal gaining the confidence of the victim or victims. The long con is a confidence trick that is conducted over a relatively long period of time. Bernie Madoff executed a modern long con.
Features:
(1) one or more criminals target one or more victims
(2) the criminals try to win the confidence of the victims
(3) the criminals avoid short-term gains, and may even give benefits to the victims to incite their greed
(4) the con extends over a period of time ranging from several days to years
(5) confederates of the criminal may be used to make the deal seem more legitimate and to lull the victim into a sense of security
(6) once the criminal feels that the maximum benefit is available, then the criminal disappears with the valuables
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