Everyone loves a deal, but sometimes those deals come at a very high cost. Bargain hunters looking to save on high-priced brands can be easily sucked into buying counterfeit goods but today, luxury items aren’t the only fakes on the market. In the online, global economy, counterfeiting is highly organized, industrial in scale, and touches almost any product you can imagine. There are counterfeit car parts, electronics, alcohol, toys, and prescription drugs, so you’re not just getting ripped off anymore; products like these can cause real damage, injury and even death. What’s more, counterfeiting revenue often supports organized crime operations around the world.
In this episode, we’re looking at the multi-layered world of counterfeiting; a financial crime worth almost half a trillion dollars annually. Starting in New York City, exploring the biggest counterfeit raid in history, we’ll jump over to a luxury Palm Beach boutique selling fakes, and then look at the bottomless well of counterfeits sold on the web. We’ll also hear about the massive Bogus Bazaar scam, and how counterfeiting is connected to identity theft.
This is the story of vast counterfeiting networks that are increasingly dangerous, incredibly difficult to stop, and fed by an insatiable demand for bargains.
About the Show
Take a deep dive into today’s most devious scams, as we expose the psychological tactics and surprising methods used to drain thousands of victims of billions of dollars every year.
At a time when financial crime is increasingly sophisticated, we go behind the schemes to understand the often brilliant – and sometimes foolish – crooks at work, so you can stay alert and avoid becoming their next victim.
In season 3, Nickel & Crime returns with new mind-twisting stories… and something more. We’re also taking a peek behind the curtain to see how Early Warning helps keep the U.S. financial ecosystem healthy using technology that can stop these bad actors before they strike.
With more focus on what you need to know to spot a scam, alongside our signature immersive storytelling, Nickel & Crime is back to dissect the deception, for your protection.
About Early Warning
Nickel & Crime is the award-winning financial true crime show brought to you by Early Warning®, a financial services technology leader that has been empowering and protecting consumers, small businesses, and the U.S. financial system with cutting-edge fraud and payment solutions for more than three decades. Through unmatched network intelligence and partnerships with more than 2,500 bank and credit union brands, we increase access to financial services and products, and protect financial transactions. We are the company behind Zelle®, and PazeSM online checkout solution. To learn more about Early Warning, visit www.earlywarning.com.
What financial crimes fascinate you? What questions do you have about risk and security? Connect with Nickel & Crime by commenting in the reviews.
