144: Rachel
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When I was in college, a scammer called me up. He's like, look, I'm not selling you anything or even telling you what to do. I just have information about a stock and I wanted to share it with someone. And you were just like the lucky guy I found in the phone book. Listen, stock Z is going to go up next week. That's all. I'll call you back next week to prove it. I was like, all right, that was a strange call. Whatever. And yeah, he calls me back in a week. And sure enough, the stock he told me about went way up. He was spot on. He was all excited about how much money he made. But I told him he just got lucky and he should cash out and take a trip somewhere. He's like, no, no, no, it's not luck. There's an algorithm that can accurately predict this.
And he said he knew which stock was going to go up next. I was like, all right, so which one's going to go up next? And he tells me and says to keep an eye on it. And he's going to call me back next week to prove he was right. So, yeah, another week goes by and the same guy calls me back and he's like, boom, you see what I mean? And he was all excited again. And I was like, I don't see what you mean, but let me check the price. And I checked the price and again, he was right. And I was like, dang, good job. But I think you got lucky again. He said, no, he's been doing this for a solid year now and he's been right every time. And he tells me more about this algorithm and how he's analyzing different indicators and watching the stock market extremely close and just has everything dialed in. And he tells me about another stock that he says is surely going to go up. And I'm like, okay, call me back in a week. Let's see if you're right.
And sure enough, after a week, I checked and he was right again, three accurate stock price predictions in a row. And he called me back and he's like, dude. And I'm like, dude. And he's like, you see that? I said, I saw that. How are you doing this? And he's like, I cracked the code. But then, like the snake he was, he tried to strike at me. He said, listen, the next one is the craziest one I've ever seen. There's this company whose stock price is going to explode. But the best part is they're in the initial investor round. So you can get in on the ground floor if you want. How much do you want to invest? Ten grand? You've slept on three of these. You're not going to want to miss another, right?
I'm a college kid, dude. I've got 30 bucks in the bank. I don't have 10 grand. And he's like, oh, crap. He hung up the phone.
But this fascinated me. Who was this guy that was always getting the stocks right? What was his algorithm? So I looked into it. I met with a stockbroker and I asked him, how is this possible? And he's like, oh, that guy was a scammer. And I'm like, duh, I know. But how did he get the stocks right every time? And this guy broke it down for me. He said, okay, that guy called up a whole bunch of people on week one, told half of them the stock was going to go up, told the other half the stock was going to go down. Then he called back the people who he was right with. And he told half of them about another stock that would go up. And the other half, he would say that stock's going to go down. And then he did it a third time, calling back the people he was right two times with, telling half of them that the stock is going to go up and the other half saying it's going to go down. So by the time he did that three times, he had this small pool of people who he was right with every time. But really, he was just playing a math game with his victims.
And I think this is such a long but brilliant scam. Seemingly, this guy was golden, perfect, getting it right every time. But what I didn't know is that he was getting his predictions wrong all over town. And I was just one of the unlucky few that saw him get it right every time. These are true stories from the dark side of the internet. I'm Jack Recider. This is Darknet Diaries.
Support for this episode comes from Delete Me. Feels like a war out there. Companies all over trying to scrape and store all kinds of personal data about me. My phone number, address, family members, where I work, sexual orientation, club affiliations, income level, what kind of car I drive. It's just endless.
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