I'm researching versions of this effect. Here are the references I have so far:
In his book, THE ELEGANT CARD MAGIC OF FATHER CYPRIAN (published by Frank Garcia, 1980, pp. 10-18)), Father Cyprian describes, Swindle Cut Aces.
After the tabled deck is cut into four packets, the top card of each packet is turned over to reveal the four aces.
Two of the packets are topped by two aces each. As these aces are turned face-up, they are turned over and onto packets devoid of aces. The remaining two aces are turned over onto their packets.
This works because during the turnovers, both hands move at the same time, but in opposite directions. The only conclusion that an observer can make during these swift and confusing movements is that cards are being turned face-up quickly.
At the point where all motion ceases, there are face-up aces on top of each of the four packets silent advocates of the argument that the aces were cut to.
HISTORY: In Gary Ouellets 1990 book, CLOSE-UP ILLUSIONS, he describes his handling under, Three Second Wonder (pp. 28-32). His references (provided by Father Cyprian), are as follows: Cross-Over Aces, by Al Smith, THE TALON #2; and Joe Destephano for the idea of turning a card over onto another pile. Also mentioned, briefly, are Herb Zarrow and Frank Thompson.
In Roberto Giobbis, CARD COLLEGE VOLUME 1 (English edition, Hermetic Press 1995), it shows up in Royal Flush Finale (pp. 114-118). Bob Veeser and Ian Baxter are credited.
In Harry Loraynes, PERSONAL COLLECTION (published 2001, Harry Lorayne), he credits a version (though its more like timed misdirection), to Bob Veeser (see, Tally-Ho Extended, at p. 371).
Another interesting handling by Shigeo Takagi can be found in Who Cuts First? (pp. 40-42, THE AMAZING MIRACLES OF SHIGEO TAKAGI by Richard Kaufman, Kaufman & Co., 1990).
In his manuscript, PASTEBOARD PRESENTATIONS II, (LaGerould, 2001) the always resourceful Terry LaGerould describes one of the more unique uses.
After the deck is cut into four packets, the top cards are turned over to reveal four random cards. These cards are rearranged on the packets and when turned over again, they have changed to four aces.
The trick, is "Cardboard Keyboard, (pp.34-35).
Are there any other versions anyone knows of?
Also, all of these versions use 4 packets -- anybody know of a 5-packet version?