4.5 • 980 Ratings
🗓️ 23 May 2025
⏱️ 45 minutes
🧾️ Download transcript
Douglas is enjoying a second career as an artist, selling his paintings online and in gallery shows. People occasionally ask about non-fungible tokens (NFTs) of his work. Still, he never gives it too much thought until a woman on LinkedIn approaches him with what seems like the opportunity of a lifetime. Her company can convert his artwork to an NFT for free and sell it for him. He signs a contract and sets up a cryptocurrency account, and within a few months, he gets the good news that the image has sold. After paying large sums in fees and taxes, Douglas learns it is all an elaborate crypto scam.
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| 0:00.0 | This week on The Perfect Scam. |
| 0:04.0 | Over months, I kept this a secret. |
| 0:07.0 | I kept thinking, this must be a scam, but I would look it up on the internet, |
| 0:12.0 | and I didn't get any definitive proof that it was. |
| 0:15.0 | It was like a nightmare. |
| 0:17.0 | It was a horrible experience. |
| 0:19.0 | It really was. |
| 0:20.0 | Kind of the worst thing that ever happened to me. |
| 0:27.2 | Welcome back to The Perfect Scam. I'm your host, Bob Sullivan. If you're an artist, there's a short |
| 0:34.0 | phrase that you always want to hear. I'd like to buy your painting. It might be |
| 0:40.0 | something you've waited your whole life to hear. Well, today's guest has heard those words before. |
| 0:47.3 | He's had many gallery showings, but when a new kind of buyer reaches out to him, well, it seems like |
| 0:53.6 | the opportunity of a lifetime. |
| 0:56.1 | I think you're all going to love meeting Douglas Newton. Probably some of you dream of being |
| 1:02.0 | just like him. Douglas has always been a painter, but when he retired from his first job, |
| 1:08.0 | he turned his passion into a second career. And, well, I have to say, I love his work. |
| 1:14.0 | A lot of it centers on candy. Okay, well, I was supposed to be doing prep for this interview, |
| 1:20.3 | but instead I found myself just losing all sorts of time on your website. Your artwork is beautiful. |
| 1:26.6 | Oh, thank you very much. Thank you. |
| 1:29.4 | I am staring at your candy page right now, and I'm fixated on, yeah. I mean, it's, |
| 1:34.5 | first of all, it's just such a whimsical, delightful subject to paint. How did you get started on |
| 1:39.4 | candy? Somebody just suggested a candy kiss years ago, and I painted one and then started from there. |
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