The technology blog and podcast and TSB

The Security box, program 141A: The Billion Dollar Scam


Listen Later

This is an episode that affiliates can run, and the program is under an hour. We'd like to thank the BBC for doing this research. Its definitely eye opening.


The show notes, which include a link to the video on YouTube follows.



Welcome to the security box, podcast 141A. On this podcast, we're going to provide you with a video. This video comes from the BBC, and it does leave some very interesting questions. Contact info is given at the end.


What sparked this? This toot from Brian Krebs is what sparked this. It says:


https://www.youtube.com/watch?v=w6JXZ3GzSCQBrianKrebs: Simona Weinglass of The Times of Israel is my new hero. Her video reporting on crypto investment scams is well worth watching.


Tl;dw, it appears the biggest crypto investment scams targeting people in the UK were promoted by at least a half dozen of England's premiere football (soccer) leagues. These scammers managed to rake in at least a billion dollars, and could afford lucrative sponsorships that got their brand everywhere. As the former scammers explained, there's nothing real about the investment "earnings" shown to people who get roped into these scams: It's all just a digital mirage, and any money invested is gone.


Her video series on the BBC zeroes in on who's responsible. Involves ride-alongs with German police as they worked w/ investigators in the country of Georgia to raid call centers working the phones for these fraudsters.


https://www.youtube.com/watch?v=w6JXZ3GzSCQ


If you're just here for the video, this is the youtube link to the video we give in audio.


Thanks Brian for posting this! I found it very eye opening, and it even made me mad, but that's probably what we'd expect with what you'll hear. I don't blame them though, but you should hear or watch this and make up your own mind.


Supporting the podcast


If you'd like to support our efforts on what this podcast is doing, you can feel free to donate to the network, subscribing to the security box discussion list or sending us a note through contact information throughout the podcast. You can also find contact details on our blog page found here. Thanks so much for listening, reading and learning! We can't do this alone.

...more
View all episodesView all episodes
Download on the App Store

The technology blog and podcast and TSBBy Jared Rimer