How Financial Crime Actually Works — From Money Laundering To The Dark Web | Marathon

Video Description

Brett Johnson is a reformed internet fraudster who stole over $1 million through stolen credit cards, counterfeit documents, and phishing schemes. Johnson cofounded ShadowCrew, one of the first major cybercrime forums, where stolen credit card numbers and hacking techniques were traded among criminals. He was placed on the US Secret Service's most-wanted list in 2004. After his arrest in 2005, he served eight and a half years total in prison. Johnson talks to Business Insider about the mechanics and tactics of cybercrime and credit card theft. He also discusses methods of identity fraud, dark web transactions and payment methods, and cybersecurity advice. After his release, Johnson renounced crime and became a cybersecurity consultant and speaker, educating businesses and law enforcement about the dangers of online fraud. Robert Mazur is a former government agent who investigated drug-money laundering for the US Drug Enforcement Administration, the Internal Revenue Service intelligence division, and the Customs Service. While deep undercover in hotspots such as Florida, Colombia, and Panama, Mazur successfully infiltrated criminal rings and cartels, including Pablo Escobar's, by posing as a wealthy, mob-connected businessman. He helped manage the illicit fortunes of the Medellin and Cali cartels while gathering evidence that would lead to some of the largest money-laundering prosecutions in history. Mazur is the author of "The Infiltrator," which became a New York Times bestseller and inspired a 2016 film of the same title, starring Bryan Cranston (as Mazur) and John Leguizamo. Cranston is set to play Mazur again in the sequel currently in development, which is based on Mazur's second memoir, "The Betrayal.” Today, Mazur speaks and consults around the world through his company, KYC Solutions. Jeff Turner counterfeited over $1 million in US currency. He forged the 1996-series $100 bill and later the 2013 "blue note." He was indicted on federal conspiracy charges in 2019 and cooperated with the Secret Service, eventually serving 10 months in prison. According to Turner, the Secret Service said the bills he was manufacturing were the highest quality they'd seen in over 25 years. Turner speaks to Business Insider about the materials and processes required to make fake money. He talks through how to spot a fake bank note. He also discusses cartel forgeries from Colombia and Peru and the "supernotes" the US has accused North Korea of making. Nowadays, Turner works as a printer in Knoxville, Tennessee. He speaks about spotting fakes and frauds on his YouTube channel. Jim Browning is a software engineer and an expert on scam call centers. His YouTube channel baits scammers by gaining access to their computers, observing them through CCTV, and hacking into their networks. He then conveys this information to law enforcement. Call center scams manipulate victims into disclosing personal and financial information over the phone. These centers typically impersonate credible companies like Amazon and Microsoft or government agencies like the IRS. Browning speaks to Business Insider about the structure of scam call centers' offices, recruitment and payroll. He also discusses money laundering, the role of police and law enforcement, and solutions for data security. Nick Leeson is an English former derivatives trader whose unauthorized futures trades in Barings Bank's Singapore office reported losses exceeding $1 billion. Concealing losses in a secret "88888" error account, he hid the scale of his bets from London as deficits ballooned. By 1994, his risky "long straddle" trades were losing millions. After doubling down during the 1995 Kobe earthquake, his losses exploded, wiping out the bank. Leeson fled to Malaysia but was caught and extradited to Singapore, where he served over four years for fraud. In 1999, he published his memoir which was made into a 1999 film, "Rogue Trader." Leeson speaks to Business Insider about the lifestyle of bankers in Singapore, how illegal trades happen, and the early signs of fraud. 00:00:00 - Intro 00:00:33 - Dark Web Crime 00:39:27 - Money Laundering 01:01:52 - Counterfeit Money 01:17:13 - Call Centers 01:38:52 - Bank Fraud 02:27:08 - Credits Find out more: Brett Johnson https://www.linkedin.com/in/gollumfun/ Robert Mazur https://www.robertmazur.com/ Jeff Turner https://www.instagram.com/j.turner727/ Jim Browning https://www.youtube.com/JimBrowning Nick Leeson https://www.nmplive.co.uk/nick-leeson https://www.nickleeson.com/ ------------------------------------------------------ How Financial Crime Actually Works — From Money Laundering To The Dark Web | Marathon