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Double, Double Oil and Trouble | The Salad Oil Scandal

Oh My Fraud

00:00

The Sobein Oil Magic Trick

CNN's John Sutter talks to Seena Gupta about the salad oil fraud of 60 years ago. The conman, atino di angeles, was able to convince investors that he had a huge amount of soybean oil in his bank account before they found out it wasn't true. He also managed to get loans from banks by using fake collateral and then saying nobody was hurt in the process. "I don't know why i like that story so much," says Gupta. 'Cause if you can pay your back cause all the oil was doing was give him loan money'

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