In the financial world, most frauds are short-lived. Ponzi schemes such as Bernie Madoff’s eventually run out of new suckers to provide enough funds to pay the phony “returns” promised to earlier investors. When the cash flow dries up, the scam collapses.
The con artists at the non-profit Southern Poverty Law Center have a different racket, and a different problem. Instead of swindling the public with promises of unrealistic, too-good-to-be-true investment returns, the fear-mongering SPLC sold “paranoia porn” to credulous donors, convincing them – falsely – that the country is full of dangerous right-wing extremists who need to be identified and brought to heel.
