"Perpetual Motion DeLorean" Scammers Face $26M Judgment

An anonymous reader writes "Back in 2002, we discussed a story about the so-called 'Perpetual Motion DeLorean,' which could 'supposedly go "hundreds of miles" at speeds over 100MPH without stopping to recharge.' More than seven years later, the final shoe has dropped on this saga, with a $26 million judgment against Carl Tilley and his wife, who propagated this scam that ran for several years. Probably the height of its audacity was when Tilley told his shareholders in May of 2002 that GE had offered $2 billion 'sight unseen' to buy out the technology."

Comments

Re:They should be given medals, not prison sentenc

[ScrewMaster]

They're doing the human race a favour. Really.

Evolution in action, baby. Anyone who is willing to not only believe in perpetual motion but invest money in it deserves whatever it is he or she gets from their particular brand of ignorance. A basic grade-school science curriculum should be sufficient armor against a scam of this type (well, at least in my day it was.)

It wasn't a scam

[gyrogeerloose]

It was a tax on people who don't understand the basic laws of thermodynamics.

Re:They should be given medals, not prison sentenc

[wizardforce]

The GP seems to think that these scammers did humanity a favor by removing large sums of money from the scammed (fools) who can't then use that money for other foolish purposes. Any crime could be justified along those lines by blaming the victim of the crimes for being unable to defend themselves against it. Social darwinism at its finest.