Victor Lustig: the Man who sold the Eiffel Tower

Known as "the man who sold the Eiffel Tower", Victor Lustig was one of the most talented confidence tricksters who ever lived. Born in 1890 in Bohemia, Czechoslovakia, he was a glib and charming conman, fluent in multiple languages. He established himself by working scams on the ocean liners steaming between Paris and New York City. Lustig's first con involved a "money-printing machine". He would demonstrate the capability of the small box to clients, all the while lamenting that it took the device six hours to copy a $100 bill. The client, sensing huge profits, would buy the machines for a high price, usually over $30,000. Over the next twelve hours, the machine would produce two more $100 bills. After that, it produced only blank paper, as its supply of $100 bills became exhausted. By the time the clients realized that they had been scammed, Lustig was long gone.

In 1925, Lustig's master con began when he was reading a newspaper: an article discussed the problems the city was having maintaining the Eiffel Tower. So he adopted the persona of a government official, and sent six scrap metal dealers an invitation to discuss a possible business deal. Lustig told the group that the upkeep on the Eiffel Tower was so outrageous that the city could not maintain it any longer, and wanted to sell it for scrap. So he sold the Eiffel Tower to one of the scrap metal dealers and took a train to Vienna with the suitcase full of cash. The buyer was too humiliated to complain to the police.

Later, Lustig convinced gangster Al Capone to invest $40,000 in a stock deal. Lustig kept Capone's money in a safe deposit box for two months, then returned it to him, claiming that the deal had fallen through. Impressed with Lustig's integrity, Capone gave him $5,000. It was, of course, all that Lustig was after.

On 1907, Lustig arrived to the United States and conducted a number of scams, but eventually his luck ran out: he was arrested for counterfeiting and sent to Alcatraz prison. On March 9, 1947, he contracted pneumonia and died two days later.