Economist Podcasts Trailer: Scam Inc
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Jan 24, 2025 Dive into a chilling investigation that reveals a $47 million banking scam in rural Kansas. Discover how a bank CEO's dubious cryptocurrency scheme led to widespread deception. The podcast uncovers a sophisticated global scamming industry linked to human trafficking and corruption. It raises alarm bells about the pervasive nature of these scams, proving they’re closer to home than most think. Can society tackle this shadowy economy before it spirals further out of control?
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Kansas Bank Collapse
- $47 million went missing from a small-town Kansas bank after the CEO invested in cryptocurrency.
- The CEO, Shane Haynes, had been scammed, leading to the bank's collapse.
Sophisticated Scam Industry
- The scam wasn't a typical Nigerian Prince con but a sophisticated, ruthless operation.
- It's part of a larger, growing global industry, more lucrative than the drug trade.
Dark Underbelly of Scam Industry
- This global scam industry involves human trafficking and forced labor.
- The industry is highly systematic and brutal.