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Drum Tower
Trailer: Scam Inc
Jan 28, 2025
Dive into a dark world where a multi-billion dollar scam economy thrives. Discover the shocking scandal of a Kansas bank that lost $47 million due to reckless cryptocurrency dealings. Unravel the connections to a brutal global industry rooted in human trafficking and corruption. The impact of these scams is hitting closer to home than you might think. Can this growing menace be halted, or is it too deeply entrenched in modern society?
03:47
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Quick takeaways
- The collapse of a rural Kansas bank, driven by risky cryptocurrency investments, exposes the fragility of trust in financial systems.
- A global underground scam economy, intertwined with human trafficking and money laundering, represents a more extensive threat than the drug trade.
Deep dives
The Collapse of a Small Town Bank
A small town in rural Kansas experienced a major crisis when $47 million vanished from its local bank due to the questionable investments made by its CEO, Shane Haynes. Haynes diverted most of the bank’s funds into risky cryptocurrency ventures, leading to a disastrous collapse when the board confronted him about the missing money. His explanation raised alarm bells, as he claimed that recovering the funds required even greater investments, revealing a dire situation. The board member's memorable response, expressing discomfort about the bet, highlighted the inherent risks, ultimately exposing how one man's deception led to the bank's downfall.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode