Scam Inc from The Economist Trailer: Scam Inc
Jan 23, 2025
Dive into the shocking tale of a bank scandal in Kansas, where a CEO’s risky crypto investments lead to millions disappearing. Discover the sinister ties between this incident and a global scam economy fueled by human trafficking and corruption. The podcast uncovers an underground industry that rivals the drug trade, raising urgent questions about its growth and potential for control. Join the exploration of trust, responsibility, and the dark underbelly of modern scams.
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Kansas Bank Lost $47m To Crypto Scam
- Sue-Lin Wong recounts a Kansas bank whose CEO invested $47 million in crypto and lost it.
- The CEO asked for more to recover funds and the bank collapsed after he was duped.
New Breed Of Highly Sophisticated Scams
- Sue-Lin Wong says these are not classic 'Nigerian Prince' cons but a new, ruthless breed.
- They manipulate victims including experienced bankers into risking everything.
Scam Industry Rivaling Drug Trade
- Sue-Lin Wong finds the scam operations form a global industry spanning continents.
- She says it is worth hundreds of billions and likely exceeds the illegal drug trade.