Imagine having a college fund and being sure that your education is paid for just to find out that you don't have that fund anymore when you need it, just because your father couldn't keep his little banker in his pants.
@@MyRegardsToTheDodoit happened to my half sister with her dad, he was an asshole and a compulsive gambler. Mine was addicted to crack cocaine though so I really can't judge. My mother was a terrible judge of character
@MyRegardsToTheDodo yeah that sucks but it also is like reality for tons of other people who have to work to go to college and if you're going to college for something that is going to be a crowded field in 4-5 years or a job that you can't pay off your debt with, within a reasonable amount of time, you should probably just go for something else or not go at all. Welcome to reality my brother
Yeah, A casino will payout if you put in, it rarely pays more than you put in but the design of bright lights and sounds combined with you actually making wins all works. If you go to a casino, there is a fair chance playing slots with 1k you will likely make a few big winnings of 200-500 and you might even at one point have more than you started with, but that is how its gets you, you keep playing. Point is, a smart person can win and walk away with a small win, it might only be 10%, these scams who expect money to "unlock" funds are much more silly. Okay its smart to let someone invest say £50/$50 and show them a return of 100 (double) AND even let them withdraw, a smart person could walk away profiting of scammers but human greed puts more until your trapped but you know... its normally hundreds, thousands, for some, 10's of thousands, not literal millions! He was a bank manager too! The more versed and trained in this stuff.
I'll never understand that feeling. I enjoy gambling until the moment I'm down money then it stopped being fun and I don't want to do it anymore. Like the worst case of "It's only fun if I'm winning" but that's probably for the best. It's important to set an amount of money and never gamble more then that if you lost it.
You get used to those "numbers" pretty quick. In the end they are just that. Numbers. And if you begin you will end it! You dont chick out! Tho he has a weak and greedy personality which destroyed life's. May he rot in he... prison.
They believe in the fallacy of meritocracy in capitalism. Some people who get rich are competent, some aren’t. Some are just lucky to be there. Others relied on nepotism or connections. Merit is not the determining factor.
You know that phrase that goes something along the lines of “the first step to get yourself out of a hole is to stop digging”? This reminded me of that phrase, only he didn’t stop digging, he called for an excavator 🤦🏼♂️
What I am always bewildered by is how do you scam 40 millions and yet the scammers never are identified, I can’t withdraw or lodge over 10,000 without answering a thousand questions, as to what I am withdrawing it for, or where did I get it from.
It is usually possible with enough investigation to find the scammers, this issue is extraditing them if they are located in China, Russia or wherever. Also they typically have organised crime links, either it's part of a larger investigations or too much of a bother for one specific case, that said this case would likely spark more interest because of the numbers involved, but only if the responsible authority has the resources to follow it up.
As someone who works in finance, this story is astounding for several reasons. First, how could someone get to the level he was at with such a lack of knowledge on financial scams? Second, how on Earth could there not be checks in place that prevented any one person from dispersing CLIENT account funds, let alone in such astronomical quantities?
I’m confused why someone who “works in finance” believes the bank just leaves that money sitting in your account? The moment you deposit money in the bank, they look to invest that money. They’re paying you 2% a year for a reason, they invest/loan that money and make greater returns on it, keeping the difference. As such, any senior investors/lenders are pre-approved to distribute “client funds” as deemed necessary to provide profit to the bank.
@@ughok456 You're wrong. Money in client deposit accounts is not accessed directly, it is used as collateral for the bank to borrow money, ultimately, from the Federal Reserve.
@@ughok456as soon as you divest more than you can pay back, that’s the illegal part. If FTX didn’t lose everything they invested through its sibling investment company, we would have never known about its fraud.
Used to do something in Diablo 2 LOD sending people a “map hack” when they opened their character would drop all their gear on them and in chest and they couldn’t pick it up 😂
@@jaimdiojtar well we only did it to the people who were assholes and steal drops etc. It’s pretty amazing how the assholes also end up being the stupid ones as well🤣
(13:32) *CORRECTION: FDIC only ensures up to $250K. So if you have an account with over $250K, you basically lose the money after that amount. So if someone had $1 million in that Heartland Bank, they would’ve lost $750K because of Shan Hanes’ actions. That’s an important caveat to never keep more than $250K in a bank account. Some wealthy people do because they are large spenders. So Kira makes it sound like all bank customers are safe…no only the ones with $250K or less.*
In this case, according to CNBC "Shareholders were wiped out, but depositors did not lose any money, as Dream First Bank, National Association, of Syracuse, Kansas, assumed all deposits" - so seems not in this case, but the bank failed and was sold so all the people who had stock options in it lost 70-80% of their money.
According to additional financial reporting, less than 1% of bank accounts have more than 250k, it was primarily shareholders who lost out to this guys scam.
That's the shocking thing, in these local banks, thats exactly how many steps there are between those two things. Its why I would only ever bank with a large bank where I know for sure there are many many things that stop this from happening.
@@bipolarminddroppings It happens in big banks too, but what are they "the customers" suppose to do, sue a bank? Good luck, with paying a lawyer for years or FORCED arbitration that will ALWAYS side with the one's paying them, but if they "The Bank" doesn't like the outcome, they are allowed to bring it to court.
Thanks for having a real human voice narrating it. Great story, right length.
3 месяца назад+32
Someone tried to scam me too. They even arranged video call with the girl from pictures she was seemingly sending me... But misteriosly each conversation at some point was turning into crypto investing.
I remember back with ICQ or Skype you'd get those really cool random messages from "girls" that totally wanted a private video call of you on websites that require you to give your credit card info. Gotta love people spamming you, sending pictures and then still replying after you act like you entered the info but nothing works as you made it seem like a typo and they never understood somehow that it's on purpose, fully believing that they'd get you to type in the correct info for hours on end. The good days when that kind of stuff wasn't really automated as much and you could still waste their time so they couldn't work as efficently, nowadays with absolutely everything being automated you'd at best waste your own time on a AI chatbot that's messaging hundreds (or more) people at the same time.
I almost got scammed when someone professional sounding called saying they were from my bank and recognized fraudulent activity on my account. Totally believable, because I pulled it up and there it was and account wiped out. The person said I would be refunded, but needed to transfer more money in the account to temporarily cover the first transaction. Ballsy. I was a click from doing it.
So they actually got a real woman to play a bit in their scams or did you get smart and never got around the video call? I was gonna say that reverse image searching should be enough to verify if it’s real or someone’s stolen pfp but AI images are getting more realistic by the minute.
3 месяца назад
@@Lucaz99 I was curious about video call and in fact I had a video call, very short one. They hire attractive girls for such calls.
bless you, i am so sorry you're so lonely. if you're looking for people to talk to, sites like reddit have forums for people in this situation to talk to each other. you must of course keep an eye out for romance and other financial scams and catfish but maybe they could help?
They were safe up to 250,000 dollars . Uou forgot to mention that part . If you had more than 250k in your account anything over that is not covered with fdic deposit insurance . I’m sure some customers lost money
@@vx8431 no it’s 250k per account . You can have 10 accounts with 250k each and they are all safe . Or you can have 1 account with 2.5 mil and your out 2.25mil. Thats why you should never have more than 250k in a single bank account if your paranoid like I am. I’m sure some customers lost money. Nobody thinks their bank is gonna collapse overnight so they keep more than 250k per account .
@@vx8431per account You can have 10 accounts under the max I believe Add: not like 10 is the cap, I realize it may look like that's what I was saying initially. I believe it's 250k per account, you can have as many accounts as you want. (Unsure, my source is I made it the fuck up)
@@DefinitelyNotRin well you can have more than 250k just should spread it between different accounts and forms of accounts as each account is insured seperatly
He was actually working with the 'scammers', pretending to be a fool. Somehow, they're connected & they were giving him some nice cut of what he stole. They might have sent him some real money up front as a show of good faith, then turned the tables.
I used to play this game as a kid that was heavily economy based and scammers would give you small returns and scam you when you give them more. I remember just going around on multiple accounts taking the small returns from scammers and it added up lol
Reminds me of stories I’ve seen of people duped by the Nigerian Scam. Even after they’ve been thoroughly ripped off, even after authorities have explained to them exactly what happened and how … they still believe! Some people are just like that.
It's not "some people". We are all vulnerable to the sunken cost fallacy. Once you sank low enough, it's easier to deny reality than to get out of the hole. This is also why the hardest deniers are those with expertise in relevant fields (like this guy who fell for a finance scam while working in finance).
@@ekki1993If people didn't give money to strangers there wouldn't be any cost to worry about. These scams are full of red flags from the 1st message. Its possible to look up everything they're being told but they don't. People are sent documents things like passport paperwork & they're usually obviously fake. It's easy to look up what it should look like but they don't. There's reasons for that. Yes all people are vulnerable to scams at some point in their life. However not everyone would fall for this particular type of scam. Other types maybe but claiming this scam could get anyone just isn't true.
@@ekki1993 I'd say you're wrong, falling for scams this obvious like what we're talking about here takes a peculiar type of person. Most people never would get in deep in the first place, .
@@Big_Tex It isn't as black and white. We are all vulnerable to some degree in some moments of our life. Sure, most people will never jump into something as stupid head on, but most of us could fall for something smaller and build up into it. It's not like in the movies where if you're strong/smart enough, you won't be caught off guard. Still, this dude was clearly a greedy bastard and I do agree with you that most people won't make as big of a jump in sunken cost and he is somewhat responsible. But it's important to remember that otherwise reasonable people can fall for this stuff too if the spiral is slow enough.
@@ekki1993 No, some people just are much more vulnerable. There's frequent visitors at about every police station that fall for the exact same type of scams they fell before countless of times. Some never learn that the 4000€ coin sold on ebay for 1€ will never arrive at their home, also never learning that sending money to a random bank account in a different country isn't a good idea despite being told many times. Others don't learn that the Nigerian prince isn't real after falling for it (and obviously not getting their money back) for the 50th time.
Apart from some very niche edge cases or anyone sentenced before November 1987, the federal prison system has no parole. He'll serve every day of those 24 years and will be 77 when released - if he makes it that far. He was already loaded and could have had a glittering retirement.
@@Lucaz99Nah. According to the DOJ-website, he ultimately plead guilty to a single count of embezzlement by a bank officer. Hence probably why he was handed that sentence. Could’ve been WAY worse had he chosen to fight what was essentially a slam-dunk case against him...
@@darknes4150It's possible. However, he would have to be on his best behavior at all times, upon which the Bureau of Prisons will review his case-file and potentially award him a 15% reduction in his sentence (in his case a reduction to about 20-and-a-half years down from 24).
Hard to call him a victim when he was the CEO of a bank. Probably maintained his innocence throughout the trial because it's easier than admitting guilt. Dude knew he did wrong as soon as he embezzled the bank. He was the CEO -- of course he knew!
You would think a CEO of a bank would know better that money doesn't grow that fast and that you shouldn't have to put more money in just to get money that's suppose to be yours.
It boggles the mind that someone running a bank, who would have been informed and aware about this sort of thing would just get deeper and deeper into the shit. Absolute madness. Feel sorry for his family and those he ripped off, but have zero empathy for him whatsoever.
One thing I never understood is, how is it that banks and the government not able to track the transfers, where the money has gone and who has access to it?
Funny, before this video, I watched a video of a corporate landlord that stole 48 million from tenants and the CEO said to "juice this hog." Lovely bunch, our corporate overlords.
Well done, Kira. Brisk pacing, keen interest, building dramatic elements, and startling immediacy in the engrossing unfolding of yet another of one of your uniquely, newly-minted modern fables (which very few do as good as you). Also, at 2:00 (thankfully), it did not turn out to be the Jake-Tran-type sponsored ad I thought it would be! Good on 'ya, mate ;)
Bravo - I live in Kansas and had not heard of this. It makes you wonder how this beluga whale made it to 52 without already being completely swindled many times over. It reminds me of the saying, "you'll never know, if you don't ask.” They probably asked a hundred high net worth people and on the 99th one they found one that said, "Sure"
2:49 i personally had this happen. I was looking for a nasa branded hoodies and it took me to a site i'd never heard of before but i'd assumed it was just another drop shipping site. i placed the order and the money was taken from my account but i didn't get any confirmation email or order number. i emailed and messaged support who sorta half ass tried 'solving' the issue and eventually i just went to my bank and had them reverse the charge and i never heard from the support again so that made me think it was intentional and not just a system error.
Obviously a lot of people were hurt in this but he probably ruined his family's life too in the process. He's now going to be in prison for seemingly the rest of his life and surely there's going to be plenty of civil lawsuits that come after his family to collect what they can.
My mom was a victim of this scam and we lost about $20,000. To many, this is not as an substantial amount, but we live in a developing country with little to nothing to spare. The approach is a bit different but the scam is the same throughout. Someone brought my mom to a "seer" to see the future, typical of an Asian country and they told her that in the next few days she'd have an enormous business opportunity and wouldn't you know it... She was in too deep and she couldn't have pulled out, believing she could make up for the losses. Through everything, I question humanity itself. Why are we as a species of intellectuals have to result to scamming and deceiving? Is greed really that bottomless? Are humans innately kind and caring, or deceitfully ignorant and cruel?
This same thing happened to a friend of my husband. Some one had him borrowing money from his friends, family, everyone he knew, as well as putting his own money into it from his job. Im...just now realizing it was probably a pig butchering scam, but it was before it was well known about them. It really ruined his life and relationships, and he had a complete mental break. He was in so deep
Great video Kira. I haven't been scammed in the last 10 years. Closest I came was when someone asked for help in a game. I helped them we got chatting. O I like older guys, now buy me this thing off the store. I shut the game down
ok, so he did ask a friend for help, but not in a proper way, and a little too late ... very creepy and hihly suspicious. makes me wanna put the money in socks, people are so curropt and evil
It's not clear from the video why he kept transferring large amounts of money to the scammers? Was it to invest more or was it to unlock and withdraw his funds that they claimed were locked? After the initial $50k when his funds didn't unlock wouldn't he have known something is fishy?
And then in my country, we had a bank, convincing people to by stock's in the bank, even on the day they ended up declaring bankrupt. I don't think anything happened to those people in charge, or who did it
I'm immune. I have no friends, I trust no one, I work as an IT Consultant, and I check my banking information daily, and credit score a couple of times per month. I'm also not desperate, quite the opposite, I thrive in solitary (other than spending time with my kids) and I never take a story at face value. I am also not stupid enough to think that anyone will make me money, money is hard to earn for a reason, so I do not believe any claims that I can make any multiplication of my money. I am also not greedy. This Ceo is a fool.
Pure greed!!!! It's the only think that I feel drove him to keep stealing... He deserves everything has gotten and if he gets out which I doubt he needs to have to pay whatever he can back.
Ooof...this was deeply uncomfortable to listen to. At every turn I'm vocally saying, no...bro nooo...ohh noooo...don't, noo 🙁. I feel bad for the people that lost all their money bc some guy decided to do goofy things.
I was wondering what those "random" hot girls texting were up to. I knew it was a scam, but I couldn't keep them thinking I had fallen for the scam for them to ask for money. Thanks, now I can steer the conversation better now.
Sad, I wish they could catch the scumbags who profit from these scams. There are millions of them I get some kind of scam email phone call or text message almost every single day.
I keep thinking about the Chinese gangsters or whoever's on the other end of this scam, and can't believe that ppl who are financially fine already are willing to steal this much money from innocent ppl who they don't know. If someone's in a desperate situation, destitute, stealing to survive is a lot more understandable. This is something so other, I just can't really understand how they feel ok with it. It's heartbreaking to see the outcome, and multiple lives ruined, and they're fine w/ that.
I like how he started with embezzlement, then moved to taking it from his child's college fund that he had legal access to
Yes. He had a bit left in him. Sadly the sunken cost fallacy or whatever ate at him too much
Imagine having a college fund and being sure that your education is paid for just to find out that you don't have that fund anymore when you need it, just because your father couldn't keep his little banker in his pants.
@@MyRegardsToTheDodoit happened to my half sister with her dad, he was an asshole and a compulsive gambler. Mine was addicted to crack cocaine though so I really can't judge. My mother was a terrible judge of character
Christian family values gone wrong-
@MyRegardsToTheDodo yeah that sucks but it also is like reality for tons of other people who have to work to go to college and if you're going to college for something that is going to be a crowded field in 4-5 years or a job that you can't pay off your debt with, within a reasonable amount of time, you should probably just go for something else or not go at all. Welcome to reality my brother
No exaggeration. That's got to be one of the fattest pigs ever grown by scammers.
Getting your picture on the wall at the call center 100%
Check this movie > The $1,000,000,000 North Korean Bank Heist. Hackers fail because misspelled some names.
It is in fact, the biggest
@@CocaineJedilmao 😂😂 do you think everyone at the office will sign a "we'll miss you!" card and send it to him in prison?
While not a pig butchering scam, there was that dude who sold a fake airport for $242 million dollars.
Truly remarkable that he just kept going. I understand that feeling in a casino - but with millions and millions? Wow.
Yeah, A casino will payout if you put in, it rarely pays more than you put in but the design of bright lights and sounds combined with you actually making wins all works. If you go to a casino, there is a fair chance playing slots with 1k you will likely make a few big winnings of 200-500 and you might even at one point have more than you started with, but that is how its gets you, you keep playing. Point is, a smart person can win and walk away with a small win, it might only be 10%, these scams who expect money to "unlock" funds are much more silly. Okay its smart to let someone invest say £50/$50 and show them a return of 100 (double) AND even let them withdraw, a smart person could walk away profiting of scammers but human greed puts more until your trapped but you know... its normally hundreds, thousands, for some, 10's of thousands, not literal millions! He was a bank manager too! The more versed and trained in this stuff.
Sunk cost fallacy
I'll never understand that feeling. I enjoy gambling until the moment I'm down money then it stopped being fun and I don't want to do it anymore. Like the worst case of "It's only fun if I'm winning" but that's probably for the best. It's important to set an amount of money and never gamble more then that if you lost it.
You get used to those "numbers" pretty quick. In the end they are just that. Numbers.
And if you begin you will end it! You dont chick out!
Tho he has a weak and greedy personality which destroyed life's.
May he rot in he... prison.
At least a casino gives you a chance to win. This crypto scam does not.
People actually believe rich people are smart. Some people just have lots of money and that's it.
They believe in the fallacy of meritocracy in capitalism.
Some people who get rich are competent, some aren’t. Some are just lucky to be there. Others relied on nepotism or connections. Merit is not the determining factor.
@@Lucaz99Shut up
@@Laksilaks good argument!!!
@@Lucaz99merit is a major reason people keep most their wealth and can be a major reason why some becomes rich in the first place.
@Lucaz99 A real debate winner that guy must be lol
You know that phrase that goes something along the lines of “the first step to get yourself out of a hole is to stop digging”? This reminded me of that phrase, only he didn’t stop digging, he called for an excavator 🤦🏼♂️
Exactly what he did! 'If you find yourself in a hole, the first thing to do is to stop digging' -Will Rogers
What I am always bewildered by is how do you scam 40 millions and yet the scammers never are identified, I can’t withdraw or lodge over 10,000 without answering a thousand questions, as to what I am withdrawing it for, or where did I get it from.
Different countries and crypto
Well, has Said in the video, he has the Boss, the moneyman.
It is usually possible with enough investigation to find the scammers, this issue is extraditing them if they are located in China, Russia or wherever. Also they typically have organised crime links, either it's part of a larger investigations or too much of a bother for one specific case, that said this case would likely spark more interest because of the numbers involved, but only if the responsible authority has the resources to follow it up.
Your problem is you're doing it the legal way.
Crypto is the answer..
The most destructive combination of traits is powerful and stupid.
Add greedy for the ultimate trifecta.
You two just described the entire American government.
@@Dremth Nah they're very competent, they just want you to think they're stupid so you don't suspect anything.
Don’t forget “religious”, but that would be covered under “stupid”
@@soffici1 Take your fedora off.
A bank CEO getting oinked, unreal.
"oinked" *rolls eyes*
tbh i'm on the scammers side on this story.
As someone who works in finance, this story is astounding for several reasons. First, how could someone get to the level he was at with such a lack of knowledge on financial scams? Second, how on Earth could there not be checks in place that prevented any one person from dispersing CLIENT account funds, let alone in such astronomical quantities?
I’m confused why someone who “works in finance” believes the bank just leaves that money sitting in your account? The moment you deposit money in the bank, they look to invest that money. They’re paying you 2% a year for a reason, they invest/loan that money and make greater returns on it, keeping the difference. As such, any senior investors/lenders are pre-approved to distribute “client funds” as deemed necessary to provide profit to the bank.
@@ughok456 You're wrong. Money in client deposit accounts is not accessed directly, it is used as collateral for the bank to borrow money, ultimately, from the Federal Reserve.
@@ughok456 But there are rules on what they can and can't invest, sending money to unknown accounts isn't in any why normal or permitted.
agree * my first thoughts!
@@ughok456as soon as you divest more than you can pay back, that’s the illegal part.
If FTX didn’t lose everything they invested through its sibling investment company, we would have never known about its fraud.
How someone involved in the finance industry was completely unaware of pig butchering scams is just wild to me
Who you
How did this guy sleep?! I feel like getting caught was probably a huge relief, honestly
.
Probably. Running this kind of thing has to be immensely stressful.
Probably slept like a baby, stupid people always do.
He didn’t care
Bro gave me a Vietnam flashback with that RuneScape money doubling example
If you're interested, I can hop on and trim your armor I just hit 99 crafting.
Used to do something in Diablo 2 LOD sending people a “map hack” when they opened their character would drop all their gear on them and in chest and they couldn’t pick it up 😂
The same scam is still running to this very day in Eve Online. Along with a host of others.
@@Thumper68 lmao waht a scammer ruining other people games
@@jaimdiojtar well we only did it to the people who were assholes and steal drops etc. It’s pretty amazing how the assholes also end up being the stupid ones as well🤣
(13:32) *CORRECTION: FDIC only ensures up to $250K. So if you have an account with over $250K, you basically lose the money after that amount. So if someone had $1 million in that Heartland Bank, they would’ve lost $750K because of Shan Hanes’ actions. That’s an important caveat to never keep more than $250K in a bank account. Some wealthy people do because they are large spenders. So Kira makes it sound like all bank customers are safe…no only the ones with $250K or less.*
In this case, according to CNBC "Shareholders were wiped out, but depositors did not lose any money, as Dream First Bank, National Association, of Syracuse, Kansas, assumed all deposits" - so seems not in this case, but the bank failed and was sold so all the people who had stock options in it lost 70-80% of their money.
According to additional financial reporting, less than 1% of bank accounts have more than 250k, it was primarily shareholders who lost out to this guys scam.
Well if all the rich people and investors lost their money, who cares? As long as ordinary people are fine I shed no tears.
@@eirinym Aren't you making it a little to obvious your views are motivated by malicious envy?
You should talk about the first Nigerian prince scam. Now that is a crazy story
Go on...
Most Nigerian prince scams aren't even from Nigerians
the best thing is that nigeria doesnt even have a prince
When the Nigerian prince asks for your help, you provide it.
You mean the scam that is centuries old?
“Is that how banks work? I’d hope that there are a few more steps between ‘CEO gets pig butchered’ and ‘Oops, the bank’s empty!’” - John Oliver
Also, your video description doesn’t seem complete, Kira.
That's the shocking thing, in these local banks, thats exactly how many steps there are between those two things. Its why I would only ever bank with a large bank where I know for sure there are many many things that stop this from happening.
@@bipolarminddroppings Don't worry. The big banks have more systematic and legal ways to steal your money.
@@bipolarminddroppings It happens in big banks too, but what are they "the customers" suppose to do, sue a bank? Good luck, with paying a lawyer for years or FORCED arbitration that will ALWAYS side with the one's paying them, but if they "The Bank" doesn't like the outcome, they are allowed to bring it to court.
What would the customers be suing the bank for if their money was federally insured?
Thanks for having a real human voice narrating it. Great story, right length.
Someone tried to scam me too. They even arranged video call with the girl from pictures she was seemingly sending me... But misteriosly each conversation at some point was turning into crypto investing.
I remember back with ICQ or Skype you'd get those really cool random messages from "girls" that totally wanted a private video call of you on websites that require you to give your credit card info. Gotta love people spamming you, sending pictures and then still replying after you act like you entered the info but nothing works as you made it seem like a typo and they never understood somehow that it's on purpose, fully believing that they'd get you to type in the correct info for hours on end.
The good days when that kind of stuff wasn't really automated as much and you could still waste their time so they couldn't work as efficently, nowadays with absolutely everything being automated you'd at best waste your own time on a AI chatbot that's messaging hundreds (or more) people at the same time.
I almost got scammed when someone professional sounding called saying they were from my bank and recognized fraudulent activity on my account. Totally believable, because I pulled it up and there it was and account wiped out. The person said I would be refunded, but needed to transfer more money in the account to temporarily cover the first transaction. Ballsy. I was a click from doing it.
So they actually got a real woman to play a bit in their scams or did you get smart and never got around the video call?
I was gonna say that reverse image searching should be enough to verify if it’s real or someone’s stolen pfp but AI images are getting more realistic by the minute.
@@Lucaz99 I was curious about video call and in fact I had a video call, very short one. They hire attractive girls for such calls.
I'm so lonely that I would invite Jehovah witnesses for a chat but I don't think that would ever transfer any money to stranger met online...
I don’t know if feeling sad for your loneliness or just laugh at the joke
bless you, i am so sorry you're so lonely. if you're looking for people to talk to, sites like reddit have forums for people in this situation to talk to each other. you must of course keep an eye out for romance and other financial scams and catfish but maybe they could help?
I hope this is a joke holyyy
If it isn’t, sorry I wasn’t my intention to be mean.
But now I get why some people join cults, stay safe brother
They were safe up to 250,000 dollars .
Uou forgot to mention that part . If you had more than 250k in your account anything over that is not covered with fdic deposit insurance . I’m sure some customers lost money
Isn't it 250k per person. As the millions were most likely split between many people.
@@vx8431 no it’s 250k per account . You can have 10 accounts with 250k each and they are all safe . Or you can have 1 account with 2.5 mil and your out 2.25mil.
Thats why you should never have more than 250k in a single bank account if your paranoid like I am.
I’m sure some customers lost money. Nobody thinks their bank is gonna collapse overnight so they keep more than 250k per account .
@@vx8431per account
You can have 10 accounts under the max I believe
Add: not like 10 is the cap, I realize it may look like that's what I was saying initially.
I believe it's 250k per account, you can have as many accounts as you want. (Unsure, my source is I made it the fuck up)
Honestly you're kind of dumb if you have more than 250k in one bank.
@@DefinitelyNotRin well you can have more than 250k just should spread it between different accounts and forms of accounts as each account is insured seperatly
He was actually working with the 'scammers', pretending to be a fool. Somehow, they're connected & they were giving him some nice cut of what he stole. They might have sent him some real money up front as a show of good faith, then turned the tables.
crazy to think that someone could fall so hard for the 'we need money to give you money' scheme.
Those scammers must be sitting pretty right now.
Retired, 40ms in crypto sheesh
I used to play this game as a kid that was heavily economy based and scammers would give you small returns and scam you when you give them more. I remember just going around on multiple accounts taking the small returns from scammers and it added up lol
Reminds me of stories I’ve seen of people duped by the Nigerian Scam. Even after they’ve been thoroughly ripped off, even after authorities have explained to them exactly what happened and how … they still believe! Some people are just like that.
It's not "some people". We are all vulnerable to the sunken cost fallacy. Once you sank low enough, it's easier to deny reality than to get out of the hole. This is also why the hardest deniers are those with expertise in relevant fields (like this guy who fell for a finance scam while working in finance).
@@ekki1993If people didn't give money to strangers there wouldn't be any cost to worry about.
These scams are full of red flags from the 1st message. Its possible to look up everything they're being told but they don't. People are sent documents things like passport paperwork & they're usually obviously fake. It's easy to look up what it should look like but they don't.
There's reasons for that.
Yes all people are vulnerable to scams at some point in their life. However not everyone would fall for this particular type of scam.
Other types maybe but claiming this scam could get anyone just isn't true.
@@ekki1993 I'd say you're wrong, falling for scams this obvious like what we're talking about here takes a peculiar type of person. Most people never would get in deep in the first place, .
@@Big_Tex It isn't as black and white. We are all vulnerable to some degree in some moments of our life. Sure, most people will never jump into something as stupid head on, but most of us could fall for something smaller and build up into it. It's not like in the movies where if you're strong/smart enough, you won't be caught off guard.
Still, this dude was clearly a greedy bastard and I do agree with you that most people won't make as big of a jump in sunken cost and he is somewhat responsible. But it's important to remember that otherwise reasonable people can fall for this stuff too if the spiral is slow enough.
@@ekki1993 No, some people just are much more vulnerable.
There's frequent visitors at about every police station that fall for the exact same type of scams they fell before countless of times.
Some never learn that the 4000€ coin sold on ebay for 1€ will never arrive at their home, also never learning that sending money to a random bank account in a different country isn't a good idea despite being told many times. Others don't learn that the Nigerian prince isn't real after falling for it (and obviously not getting their money back) for the 50th time.
Apart from some very niche edge cases or anyone sentenced before November 1987, the federal prison system has no parole. He'll serve every day of those 24 years and will be 77 when released - if he makes it that far.
He was already loaded and could have had a glittering retirement.
im curious theres no parole but could he get some time taken off for good behavior or is that also not on the table
Couldn’t he appeal the original ruling as well? Idk courts are weirdly lenient with finance crimes.
@@Lucaz99Nah. According to the DOJ-website, he ultimately plead guilty to a single count of embezzlement by a bank officer. Hence probably why he was handed that sentence. Could’ve been WAY worse had he chosen to fight what was essentially a slam-dunk case against him...
@@darknes4150It's possible. However, he would have to be on his best behavior at all times, upon which the Bureau of Prisons will review his case-file and potentially award him a 15% reduction in his sentence (in his case a reduction to about 20-and-a-half years down from 24).
This story is local to me!!! Crazy to see a channel I love covering it!
Hard to call him a victim when he was the CEO of a bank. Probably maintained his innocence throughout the trial because it's easier than admitting guilt. Dude knew he did wrong as soon as he embezzled the bank. He was the CEO -- of course he knew!
2 full vids within 24h wooohoo
bro drops bangers back to back
And both were pretty good.
Awesome vid but I have a feeling he posted it early by accident then said, "screw it" ;)
How are people this dumb?!!
Believing in a "free lunch" or "luck" does things to people.
@@serioserkanalname499 You're the stupid people he's talking about.
So this is what Bono does when he's not touring with U2.
He still hasn’t found… those additional funds that will really, for sure, no messing about this time, finally unlock his crypto account.
I'm broke, have no credit and thus am immune!
You would think a CEO of a bank would know better that money doesn't grow that fast and that you shouldn't have to put more money in just to get money that's suppose to be yours.
It’s scary how stupid people can be….and this guy was a FINANCE CEO….🤦🏼♀️🤦🏼♀️🤦🏼♀️
It boggles the mind that someone running a bank, who would have been informed and aware about this sort of thing would just get deeper and deeper into the shit. Absolute madness.
Feel sorry for his family and those he ripped off, but have zero empathy for him whatsoever.
100%
You are so kindly and friendly!! Lmao yup, sounds like a real person to me😂
Your storytelling is always so engaging. Love your content!
Wow I live in Kansas City and haven’t heard about this really. Crazy stuff
I’m from KC too. Do some digging in to organized crime and you’ll find that we live in one of the most underrated land of outlaws lol
Please more video essays like this!!! Please!! More!!!
This story makes me feel better about my life
One thing I never understood is, how is it that banks and the government not able to track the transfers, where the money has gone and who has access to it?
Two videos in a day. love it.
love your content, keep it up
Great vid. Timely reminder for aware folk.
See i wouldn't fall for this since as soon as a woman talks to me i know it's a scam 😭
When greed eats your brain this is what happens.
Concise and compact.
Thx!
Really well-told, Kira. Nice one.
For the scammer, it was like winning the lottery when they saw millions coming
12:51 alright... that's pushing it a bit too much... denial is a little too strong there.
24 years isn't long enough for someone who literally ruined others lives financially for ever just to chase his own greed.
after the first few thousand, it wasn't about greed it was about reputation and loss aversion
KiraTV uploads I watch, simple as that.
Funny, before this video, I watched a video of a corporate landlord that stole 48 million from tenants and the CEO said to "juice this hog." Lovely bunch, our corporate overlords.
These scams are so stupid. Never understood how people fall for them.
Well done, Kira. Brisk pacing, keen interest, building dramatic elements, and startling immediacy in the engrossing unfolding of yet another of one of your uniquely, newly-minted modern fables (which very few do as good as you). Also, at 2:00 (thankfully), it did not turn out to be the Jake-Tran-type sponsored ad I thought it would be! Good on 'ya, mate ;)
Bravo - I live in Kansas and had not heard of this. It makes you wonder how this beluga whale made it to 52 without already being completely swindled many times over. It reminds me of the saying, "you'll never know, if you don't ask.” They probably asked a hundred high net worth people and on the 99th one they found one that said, "Sure"
His biggest mistake is that he didn't bribe a senator to get him off the hook or a lesser conviction
Great work mate
Stole $47million and never purchased or enjoyed one cent of it. Now that’s a shitty way to go out..
Nice, really enjoy your videos
This video and the explanations therein were so well done. Thank you.
Meanwhile some kid in China is having the shopping spree of a lifetime 😂
This guy is so dumb, he should be in jail for sheer stupidity
Excellent video
2:49 i personally had this happen. I was looking for a nasa branded hoodies and it took me to a site i'd never heard of before but i'd assumed it was just another drop shipping site. i placed the order and the money was taken from my account but i didn't get any confirmation email or order number. i emailed and messaged support who sorta half ass tried 'solving' the issue and eventually i just went to my bank and had them reverse the charge and i never heard from the support again so that made me think it was intentional and not just a system error.
Good stuff Kira
Another one??
Nice! 😊😊
Have a great day everyone! ❤
Great documentary 🙏🏿
Obviously a lot of people were hurt in this but he probably ruined his family's life too in the process. He's now going to be in prison for seemingly the rest of his life and surely there's going to be plenty of civil lawsuits that come after his family to collect what they can.
Love this video- so fascinating!!
This demonstrates that people fall for romance scams because they're not good with tech something people like to claim.
These financial vids are the best
I love whenever i see Runescape anywhere.
Damn, we eating good today. Thank you Kira!
My mom was a victim of this scam and we lost about $20,000. To many, this is not as an substantial amount, but we live in a developing country with little to nothing to spare. The approach is a bit different but the scam is the same throughout.
Someone brought my mom to a "seer" to see the future, typical of an Asian country and they told her that in the next few days she'd have an enormous business opportunity and wouldn't you know it... She was in too deep and she couldn't have pulled out, believing she could make up for the losses.
Through everything, I question humanity itself. Why are we as a species of intellectuals have to result to scamming and deceiving? Is greed really that bottomless? Are humans innately kind and caring, or deceitfully ignorant and cruel?
To answer your question at the end:
Humans are both, it's why those scams exist and why they work.
The only reason your mum fell for the scam is because she was greedy too.
@@davez5201 human nature, I suppose
This same thing happened to a friend of my husband. Some one had him borrowing money from his friends, family, everyone he knew, as well as putting his own money into it from his job. Im...just now realizing it was probably a pig butchering scam, but it was before it was well known about them. It really ruined his life and relationships, and he had a complete mental break. He was in so deep
Great video Kira. I haven't been scammed in the last 10 years. Closest I came was when someone asked for help in a game. I helped them we got chatting. O I like older guys, now buy me this thing off the store. I shut the game down
There's a sucker born every minute. Some are just a lot bigger than others.
ok, so he did ask a friend for help, but not in a proper way, and a little too late ... very creepy and hihly suspicious. makes me wanna put the money in socks, people are so curropt and evil
Great video as always.
It's not clear from the video why he kept transferring large amounts of money to the scammers? Was it to invest more or was it to unlock and withdraw his funds that they claimed were locked? After the initial $50k when his funds didn't unlock wouldn't he have known something is fishy?
No AI script and voice, can tell passion and hard work made this video
He's gullible and credulous enough to believe in an omnipotent white bearded sky daddy ... so this doesn't surprise me.
You mean Charles Darwin, right?
“Who’s gonna tell him no?” What? Anybody who has morals that works at that bank. It doesn’t matter how powerful he is there are laws protecting this.
Run!
Don't walk away!
And then in my country, we had a bank, convincing people to by stock's in the bank, even on the day they ended up declaring bankrupt. I don't think anything happened to those people in charge, or who did it
greed gets em all
I would never fall for the doubling gp scam😤
We all know you did
Another great video! Always informative and interesting. Keep up the good work.
I can not fathom how this got to the position of being a CEO for a financial institution and falling for such a blatant scam
This is wild. Oh my goodness.
I'm immune. I have no friends, I trust no one, I work as an IT Consultant, and I check my banking information daily, and credit score a couple of times per month. I'm also not desperate, quite the opposite, I thrive in solitary (other than spending time with my kids) and I never take a story at face value. I am also not stupid enough to think that anyone will make me money, money is hard to earn for a reason, so I do not believe any claims that I can make any multiplication of my money. I am also not greedy. This Ceo is a fool.
24 years for a violent crime just seems insane. Give the guy probation and make him pay the shit back.
Pure greed!!!! It's the only think that I feel drove him to keep stealing... He deserves everything has gotten and if he gets out which I doubt he needs to have to pay whatever he can back.
On the plus side, those scammers retired early.
Ooof...this was deeply uncomfortable to listen to. At every turn I'm vocally saying, no...bro nooo...ohh noooo...don't, noo 🙁.
I feel bad for the people that lost all their money bc some guy decided to do goofy things.
I was wondering what those "random" hot girls texting were up to. I knew it was a scam, but I couldn't keep them thinking I had fallen for the scam for them to ask for money. Thanks, now I can steer the conversation better now.
Sad, I wish they could catch the scumbags who profit from these scams. There are millions of them I get some kind of scam email phone call or text message almost every single day.
I keep thinking about the Chinese gangsters or whoever's on the other end of this scam, and can't believe that ppl who are financially fine already are willing to steal this much money from innocent ppl who they don't know. If someone's in a desperate situation, destitute, stealing to survive is a lot more understandable. This is something so other, I just can't really understand how they feel ok with it. It's heartbreaking to see the outcome, and multiple lives ruined, and they're fine w/ that.
The part where you said doubling money with the rs bid made me die laughing, remember being a kid falling for free trim scam