Economist Podcasts Trailer: Scam Inc
Feb 5, 2025
Dive into a chilling exploration of a burgeoning underground scam economy that rivals the drug trade. Discover how a small bank in Kansas fell victim to reckless cryptocurrency investments, highlighting deception in financial institutions. Uncover disturbing connections between global scams, human trafficking, and corruption. With personal insights from thorough investigations, this narrative shines a light on the vast scale of this predatory industry and its profound societal implications.
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Kansas Bank Collapse
- Sue-Lin Wong investigated a case in rural Kansas where $47 million went missing from a local bank.
- The bank's CEO lost the money in a cryptocurrency investment scam.
Sophisticated Scam
- This scam was not a typical Nigerian Prince con but something more sophisticated and ruthless.
- The scammers involved will be infamous for their methods.
Global Scam Industry
- This scam is not isolated but a global industry involving human trafficking and corruption.
- It rivals the illegal drug trade in size and is rapidly growing.