Oddbean new post about | logout
 Bank CEO falls for "how's your trade" scam, lost all the bank's money💀💀💀😂😂😂

https://www.bankingdive.com/news/ex-heartland-tri-state-ceo-shan-hanes-charged-embezzling-47m-crypto-kansas-bank-failure/706992/ 
 Suits😂 
 Damn 😳

“It’s possible, Bloomberg reported, that Hanes fell victim to “pig butchering,” where scammers “fatten” victims up with a pledge of profitable returns but “slaughter” them before making good on their promises.

The FBI warned the public in December of such scams, noting that it “anticipates a higher loss in funds with investment scams this year, primarily due to the increase in Cryptocurrency Confidence [‘pig butchering’] scams which are one type of investment scam following particular typologies to scam victims.” 
 Got to wonder what kind of controls leave room for any individual to wire $12m out of any organization much less a bank. They had it coming. 
 Those guys are stealing money?

I always just assumed they were trying to get me to sign up for a paid group. Wild.