Great Oil Sniffer Hoax
|1969 - 1979
|A fraudulent scheme purporting to be able to detect oil by a new technology. Details remain rather obscure.
The Great Oil Sniffer Hoax was a remarkably audacious (~$150,000,000?) and probably quite successful scam to defraud oil companies, including Elf Aquitaine. The perpetrators pretende to have a groundbreaking technology that could detect the presence of oil deposits just be overflying an area.
The public state did not show much interest in pursuing the fraud - suggesting that it had at least some degree of deep state support.
The fraud was exposed by Pierre Péan, and finally broke in December 1983.