How Foreign Scammers Use U.S. Banks to Fleece Americans. “In the face of some $44 billion a year in pig-butchering #scams conducted by Asian crime syndicates, U.S. banks have failed to prevent mass scale money laundering. | ProPublica https://www.propublica.org/article/pig-butchering-scam-cybercrime-us-banks-money-laundering

"This is the most important lesson of #scams: that no matter how well-attuned you are to #cons, you can still be #conned. The belief that you are immune to a con actually makes you a mark. It's for that reason that I recount the tales of how I got #scammed – to help other people understand that being sophisticated, alert and even paranoid is no guarantee that you will be #safe."
@pluralistic

https://pluralistic.net/2025/04/05/troy-hunt/