Take My Wallet, Please
Bob Arno of Las Vegas makes a living studying pickpockets.
How do you track down pickpockets?
I stuff my wallet with paper and keep it in my pants pocket. Then I linger in prime tourist spots in foreign cities. Sooner or later, someone steals the wallet, and I try to steal it back.
Really?
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Yeah. If I successfully steal the wallet back -- and I often do -- the thief is usually willing to share the latest techniques.
What's a classic ploy?
A pickpocket squirts mustard on you unawares. He approaches you, points at the stain and starts to clean it. While he distracts you with one hand, he robs you with his free hand.
Why don't you study pickpockets in the U.S.?
Pickpockets are rare here because we train our cops well, we use security cameras and the consequences are too severe.
How do you make money?
I serve as a consultant to government officials in about ten countries, studying legal systems that fail to stop crime. I also educate tourists on luxury cruise ships.
Are tourists easy prey?
You bet. In my demonstrations, I steal wallets and watches of some passengers. (I return the items, of course.) In big European tourist destinations, such as Rome, there are 100 to 200 incidents a day.
What's the profile of a typical pickpocket?
In Europe, it's a gentleman in his fifties. Or else it's an immigrant, often of Romanian descent, usually a woman surrounded by children. In Latin America, it's often a teenager.
What's your advice for travelers?
Stash most of your money in a security pouch that you wear over your shoulder, around your neck or around your waist. A good pouch costs about $15.
Are you a former thief?
No! (Laughs.) When I was a teenager in my native Sweden, I read everything about con games that I could. Later, when I traveled in Asia, I got tired of seeing travelers get duped, so I began leading workshops on the topic.
-- Interview by Sean O'Neill
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Stock Market Today: Stocks Rally Despite Rising Geopolitical Tension
The main indexes were mixed on Tuesday but closed well off their lows after an early flight to safety.
By David Dittman Published
-
What's at Stake for Alphabet as DOJ Eyes Google's Chrome
Alphabet is higher Tuesday even as antitrust officials at the DOJ support forcing Google to sell its popular web browser. Here's what you need to know.
By Joey Solitro Published
-
Roth IRA Contribution Limits for 2024 and 2025
Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
By Jackie Stewart Last updated
-
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
-
Five Ways to a Cheap Last-Minute Vacation
Travel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
By Vaishali Varu Last updated
-
Social Media Scams Cost Consumers $2.7B, Study Shows
Scams related to online shopping, investment schemes and romance top the FTC's social media list this year.
By Joey Solitro Published
-
How to Figure Out How Much Life Insurance You Need
insurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life insurance needs.
By Kimberly Lankford Last updated
-
Amazon Big Deal Days Is Coming! We’ve Got All the Details
Amazon Prime To kick off the holiday season with a bang, Amazon Big Deal Days runs Tuesday, October 8 and Wednesday, October 9.
By Bob Niedt Last updated
-
How to Shop for Life Insurance in 3 Easy Steps
insurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
By Kaitlin Pitsker Published
-
Five Ways to Shop for a Low Mortgage Rate
Becoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
By Daniel Bortz Last updated