Economist Podcasts Trailer: Scam Inc
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Feb 3, 2025 Dive into the shocking world of a multi-billion dollar scam economy that rivals the drug trade. Discover how a small-town Kansas bank's collapse due to risky cryptocurrency investments illuminates a web of deception and betrayal. Explore the alarming global network behind human trafficking, corruption, and money laundering. This investigation reveals the urgent threats posed by these illicit activities and their chilling impact on everyday lives.
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Kansas Bank Collapse
- $47 million went missing from a small-town Kansas bank after the CEO made a cryptocurrency investment.
- The CEO, Shane Haynes, had been scammed, leading to the bank's collapse.
Sophisticated Scam
- The scam wasn't a typical Nigerian Prince con but something more sophisticated and ruthless.
- It involved a global industry, bigger and more powerful than imagined.
Global Scam Industry
- The scam industry is a global operation involving human trafficking, corruption, and forced labor.
- It's worth hundreds of billions of dollars, potentially exceeding the illegal drug trade.