Protect & Prevent - Global Money Transfers & Financial Sextortion

UNDERSTANDING THE ROLE OF GLOBAL MONEY TRANSFER IN FINANCIAL SEXTORTION SCHEMES IMPACTING TEENS AND ADULTS. Recently, our team of researchers at Million Kids saw two completely different articles about criminal online exploitation scams involving large payouts of money that were generated out of the country and impacted U.S citizens. One had the headline: “I lost $1M to a romance scam” and the other was the announcement of the arrest of criminals in West Africa that brought a naïve but incredible young man in Northern California to take his own life. Both stories are enormously heartbreaking.During this podcast we are going to look at the impact of global high speed 5g internet connection that is literally allowing overseas criminals to open the doors of unsuspecting lives in the U.S, and fleecing them of their money, driving them into deep depression and sometimes ends in suicide. We will discuss the role of scam farms where organized crime is enslaving tens of thousands of poor people in Cambodia, Myanmar, Thailand, Pakistan, Ivory Coast, Brazil, Mexico, India, and Nigeria and forcing them to seduce and fleece victims in the U.S., Australia, and United Kingdom etc. The most common forms of payment used by the scammers are Cash App, Venmo, Zelle, Apple Pay and online gift cards such as iTunes, Google Play, Amazon and Steam Cards. The world of online financial sextortion and romance scams is changing fast. The global connection of technology literally puts third world criminals at your front door. We must talk to our kids (and seniors) so they understand how a globally connected world literally puts global predators and criminals right in their bedrooms and back pocket. And they won’t look like you think they do.