Cy DeVry

Cy DeVry (born possibly in the late 19th century, exact date uncertain) was a purported American con artist and fraudster active primarily in the early to mid-20th century. He is best known for allegedly selling nonexistent oil wells and mining rights, primarily targeting farmers and other individuals with limited business acumen. DeVry's operations often involved complex paperwork, promises of high returns, and persuasive sales tactics, all designed to separate victims from their savings.

While anecdotal evidence and newspaper accounts suggest DeVry was active across several Midwestern states, verifiable legal records documenting his activities and convictions are scarce. This lack of definitive documentation has contributed to the difficulty in confirming the full extent of his alleged crimes. Some historians and researchers classify him as a legend or an urban myth, rather than a definitively proven criminal.

Despite the uncertainty surrounding his biography, the name "Cy DeVry" has become synonymous with deceptive investment schemes and fraudulent business practices in some circles. The term is sometimes used colloquially as a warning against trusting promises that seem too good to be true. The lack of a solid historical record, however, makes it challenging to fully assess the validity and scope of the alleged activities attributed to him. The name remains a cautionary tale in the world of finance and investment.