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The 404 Media Podcast

Inside a $7 Million Airbnb Scam

Jan 4, 2024
Discussion includes a $7 million Airbnb scam and flawed refund system, access restrictions on Pornhub in North Carolina and Montana, challenges of implementing age verification for porn sites, Pornhub's public protest and speculation on regulating explicit content on social media platforms.
36:51

Podcast summary created with Snipd AI

Quick takeaways

  • The $7 million Airbnb scam highlights the need for stricter regulations and safeguards in the short-term rental industry.
  • The recent age verification laws for porn sites could set a precedent for similar regulations on social media platforms, raising privacy and free speech concerns.

Deep dives

Airbnb Scam Exposed: Real Estate Visionary Charged with Fraud

In a 2019 investigation, it was revealed that thousands of people fell victim to a double booking scam on Airbnb. The scam involved booking into Airbnbs that may not exist and then canceling on the customers at the last minute. As a result of the investigation, Airbnb implemented reforms and started verifying their listings. Recently, the alleged mastermind behind the scam, Shre Goel, was charged with wire fraud and aggravated identity theft. Court records indicate that Goel and his crew booked 10,000 reservations across the United States, netting $7 million. The scam took advantage of Airbnb's faulty refund system, where they convinced the company not to issue refunds to customers who had legitimate complaints. This case highlights the need for stricter regulations and safeguards in the short-term rental industry.

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