Saturday, June 28, 2025

An in-depth look at how foreign scammers use US banks to facilitate large-scale transfers of funds stolen from victims of "pig butchering" scams overseas (Cezary Podkul/ProPublica)

Cezary Podkul / ProPublica:
An in-depth look at how foreign scammers use US banks to facilitate large-scale transfers of funds stolen from victims of “pig butchering” scams overseas  —  - Struggling Gatekeepers: In the face of some $44 billion a year in pig-butchering scams conducted by Asian crime syndicates …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...