1. MATERIUM
  2. The Laws of Deception
The Manual of Deception

The Laws of Deception

Published 20 October 2026 · Reviewed 3 November 2026 · 1 min read

Your collection of Laws

Your collection of Laws

Every case file you watch and every “Would you fall for it?” test you pass mints its Law. Collect all sixteen.

0 of 16 minted

  1. Law No. 1 Not minted yet · Victor Lustig Watch the case file
  2. Law No. 2 Not minted yet · Gregor MacGregor Watch the case file
  3. Law No. 3 Not minted yet · Charles Ponzi Watch the case file
  4. Law No. 4 Not minted yet · Baldomera Larra Watch the case file
  5. Law No. 5 Not minted yet · The Cryptoqueen Watch the case file
  6. Law No. 6 Not minted yet · Bernie Madoff Watch the case file
  7. Law No. 7 Not minted yet · Allen Stanford Opens 6 November
  8. Law No. 8 Not minted yet · Jordan Belfort Opens 10 November
  9. Law No. 9 Not minted yet · Shimon Hayut Opens 13 November
  10. Law No. 10 Not minted yet · Billy McFarland Opens 17 November
  11. Law No. 11 Not minted yet · Sergei Mavrodi (MMM)
  12. Law No. 12 Not minted yet · Frank Abagnale
  13. Law No. 13 Not minted yet · Lou Pearlman
  14. Law No. 14 Not minted yet · Jeffrey Skilling (Enron)
  15. Law No. 15 Not minted yet · Elizabeth Holmes (Theranos)
  16. Law No. 16 Not minted yet · Sam Bankman-Fried (FTX)

The Laws of Deception are MATERIUM's playbook: sixteen rules, one per episode, that explain how each real scam in the first season worked. They don't describe a specific con man, but the trap he used, which keeps coming back today in a new disguise. Read them, compare them with what you're being offered and, if one fits, stop.

01Law No. 1 · Victor LustigThe victim's greed does the con man's work.Read the case → 02Law No. 2 · Gregor MacGregorIf the lie is big and detailed enough, nobody checks it.Read the case → 03Law No. 3 · Charles PonziPay the first ones, and they'll bring you the next.Read the case → 04Law No. 4 · Baldomera LarraImpossible returns always find believers.Read the case → 05Law No. 5 · The CryptoqueenSell the revolution, not the product.Read the case → 06Law No. 6 · Bernie MadoffPrestige is the perfect alibi.Read the case → 07Law No. 7 · Allen StanfordThe saver's fear is the con man's capital.Read the case → 08Law No. 8 · Jordan BelfortThe one in the biggest hurry for you to buy is the one already selling.Read the case → 09Law No. 9 · Shimon HayutThe wealth they show you is being paid for by the previous victim.Read the case → 10Law No. 10 · Billy McFarlandWhen celebrities promote it, nobody asks whether it exists.Read the case → 11Law No. 11 · Serguéi MavrodiWhen the victims defend the con man, he no longer needs to hide.Read the case → 12Law No. 12 · Frank AbagnaleThe more famous the story, the fewer people check whether it is true.Read the case → 13Law No. 13 · Lou PearlmanSomeone else's fame is no guarantee for your money.Read the case → 14Law No. 14 · Skilling (Enron)If the numbers always add up, someone is making them add up.Read the case → 15Law No. 15 · Elizabeth HolmesIf you promise the future, nobody audits the present.Read the case → 16Law No. 16 · Sam Bankman-FriedGetting your money back doesn't mean it wasn't stolen.Read the case →

How to use the Laws

Each Law is grounded in a documented case. Click one to watch the full episode or read the case with its sources. If you want to apply them to something that's happening to you right now, use the scam checker: it compares your situation with these red flags and tells you what to do.

Where they come from

Each episode of the series investigates a real scam using archives, court rulings and the press of the time, and distills it into a single sentence. Together they form a pattern: greed, trust, authority, fear of missing out and shame are the five levers every con man pulls.

Frequently asked questions

What are the Laws of Deception?

They are the sixteen rules MATERIUM uses to sum up each scam in its first season. Every episode investigates a real case and ends with the Law that explains why the deception worked, so you can recognize the same trap today.

Who wrote the Laws of Deception?

MATERIUM, based on the documented cases in the series: from Victor Lustig and Charles Ponzi to Bernie Madoff, Elizabeth Holmes and Sam Bankman-Fried.

Do they help you spot today's scams?

Yes. Scams change their disguise, not their mechanism. Law of Deception No. 3 (pay the first ones with the money of the next ones) describes 1920 Boston and a crypto pyramid scheme today equally well.