Drum Tower from The Economist Trailer: Scam Inc
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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?
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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, claimed he'd been scammed and needed more money to recover the funds, but the bank ultimately collapsed.
Sophisticated Scam
- This scam was not a typical Nigerian Prince con but a sophisticated, new type of fraud.
- It involved a global industry more powerful and darker than imagined, built on forced labor, corruption, and intrigue.
Dystopian Underworld
- A dystopian criminal underworld exists behind this scam industry, involving forced labor and corruption.
- The scam's victims are forced into slave-like conditions, systematically exploited for criminal gain.