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$47M was wired to crypto scammers by a Kansas bank CEO And now, the FBI has tracked down $8M of it 🧨 This wasn’t Wall Street’s mess. Farmers, teachers, and local folks lost everything they had. Some had their full life savings in one bank. And then it collapsed. The scam was
"This ruined me." As financial scams explode worldwide, this is the story of how a retiree in Hong Kong fell for a crypto scam and lost his life savings. More on Bloomberg Investigates: https://t.co/Y8Kbly4odA https://t.co/VrD4zvn2hO
NEW: Have you noticed more scam texts hitting your phone lately? If so, there’s good chance they’re coming from centers along the #Myanmar-#Thailand border — centers that rely on #forcedlabor to rake in trillions of dollars every year. 🧵 1/ Read 👇 https://t.co/Hg9PyEZmUb
Recent reports reveal a widespread network of scam centers operating along the Myanmar-Thailand border, where hundreds of forced labor camps are defrauding billions from victims globally. These operations are enriching trafficking criminals and have contributed to a rise in financial scams worldwide. Notably, a retiree in Hong Kong lost his life savings to a crypto scam, highlighting the personal impact of these fraudulent schemes. Additionally, a Kansas bank CEO wired $47 million to crypto scammers, with the FBI managing to recover $8 million of the funds. The fallout from these scams has severely affected local communities, resulting in significant financial losses for individuals, including farmers and teachers.
