Billion dollar fraud on the Internet | DW Documentary
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- เผยแพร่เมื่อ 23 พ.ย. 2023
- Interest-based investment portals on the Internet are one of the biggest scams of our time. People sign up, hoping to invest. Instead, they are cheated out of billions. In Germany alone, thousands of victims have fallen victim to their own gullibility.
Filmmakers Niklas Resch and Caroline Uhl meet with victims and investigators, then track down some of the perpetrators behind the scams. They discover that trying to put a stop to this kind of fraud is like tilting at windmills. Moreover: Victims and perpetrators may have more in common than they think.
Ulrike Schneider was cheated out of a lot of money. Ironically, she lost over 10,000 euros because she tried to do a good job investing her savings. She invested money with an online financial portal called TradeInvest90 because it promised good profits in a short time. What Schneider did not suspect: The portal was run by an international gang of fraudsters.
In the film, we also meet Adrian. In his late 20s, he was living in Kosovo with hardly any money. So when he received an offer for a well-paid call center job, he jumped at it. But he quickly realized that his job was illegal. His job was to pretend to be a financial market expert for portals such as TradeInvest90 - and thus to take money from German-speaking investors such as Ulrike Schneider over the phone.
Adrian and his colleagues bilked their victims out of millions - and earned enormous sums themselves. The head of this gang of fraudsters has become a multi-millionaire. He shamelessly squanders the savings of his victims.
The fraud continued for several years until investigators from the State Criminal Police Office in Saarbrücken put a stop to the gang - following a complex investigation. But others continue to steal vast sums of money using the same scam to this day.
The filmmakers have succeeded in providing a deep insight into the innermost workings of a highly organized gang of fraudsters. For the first time, the film shows original material from inside the call center. The documentary contrasts the views and motives of victims, perpetrators and investigators - and shows the psychological mechanisms at work in both the deceived and the deceivers.
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Sadly, these kinds of scams are heavily advertised practically every day on TH-cam. I am a heavy TH-cam consumer and I have frequently reported such scams being advertised here to TH-cam but the ads just keep coming back. What is TH-cam doing about it? Nothing.
Yes i have reported, too! And nothing happens, they reappear
Yeah, because TH-cam are more interested in removing “bad” words like “fruck”, and the likes…..It’s a joke 😮
It needs legislation to force them to vet these adverts. It is the only way to make a soulless corporate entity like Google act like they give a f*ck.
@AncoralmparoPiper: "What is TH-cam doing about it?" Well, TH-cam is making big bucks from it. Who do you think pays the bills for YT?
In Business school (1983) our Professor asked us regarding TV infomercials, "why do they keep on beating us to death with these infomercials? No one responded.
Then the Professor replied "because they work." Same principle here. A lot of people are beat to death by this marketing ploy just so a few can prosper.
There are some people who were "born suckers". Why in the world would a normal person buy a "handheld electric heater" promising to "heat an entire room in minutes? Even more puzzling is the heater costs them a lot of money compared to the same heater Walmart was selling for under 5 dollars.
Your original statement is answered by the huge amount of money the Ad(s) pay YT.
Overall sales for these sales are low, the profits are very high, far more than the money they pay YT.
These Ad(s) are f**King annoying. Look at all of YT ad's? Do you see any of them on "mainstream advertising"? That's a huge tip-off. It tells me TY is a "gold mine" for a lot of "Suckers'.
PS: YT ad's are making many of us very angry. We are constantly pummeled by outright lies and gross exaggerations from the Ad's.
As a businessman my interpretation is YT is losing Ad money from honest advertisers who don't want to be associated with the circus-of-lies on YT.
Piper, also as a businessman this kind of activity tells me YT is desperate. So far all the stuff I see is YT is on a decline that may end its' life.
The original idea was a great one. Greed and lies is changing that.
@@smoothmicra maybe a little class action
There is a big difference between feeding a family and living a life of luxury.
There's no difference at all. You steal my money ? I don't care what you do with it.
You will pay the price and so will your family.
You don t need alot of money in Eastern countries to live to eat and to spend. For sure not in Kosovo. I am from a Western rich country - I am a spender - I can live freely on 150 dollars, eur, American dollar per month . Europe ,yes , read again , SO YOU CAN TOOOO...Kosovo is eastern Europe...
250 Euros to 10,000 euros within 4 weeks is all the RED FLAG , I need to run a million miles!
😂😂 of course
DW, this is a step in the right direction. Awareness of cyber crime and its features will be minimized when all of us have a clue.
as opposed to war in ukraine propaganda i suppose.
Wtf does Ukraine have to do wit this..
@@JoseFigueroa-yn1zd the first time i learnt of DW's existence in my 13 years on youtube was from the sheer amount of war in ukraine propaganda it was churning out lol oh god back then it was deleting and censoring comments left and right anything that revealed any information about the proxy war and the geopolitics behind it and what was really happening on the frontline,along with their best friend BBC.
@@JoseFigueroa-yn1zd The point is DW is a Government propeganda tool .
True, tobad they also sponsor and help the Russian mafia investment scams like Juicyfields. They leaked our sources personal information and now 2023 they are media sponsors of ICBC
I like how all criminals justify their crimes with the line "i had to feed my familly" and then you see that the only things they are feeding, is their egos, and their greed. All they are looking for is luxurious lives, flexing on instagram with hot women and champagne, without working. Put them in jail, and don't fall for their bs. Enough documentaires and movies that glamourises thieves, human traffickers and drug cartels.
did u ask your local goverment how much money they scamming from you ur paychecks tho, and morgage, basically everything....?
"i had to feed my familly" is just a official excuse...
reality is simple, these guys have no place in the modern society build by our governments,
then they seek ways to live, gain resources(money), to a similar degree as others around who could be integrated in modern society, and have a constant income and plans for future.
@@StarCo11 they seek to become criminals, that's what they are seeking. And buy expensive cars and watches by scamming other people, and then we can all see them flexing on instagram, quoting another human trafficker, rapist and scammer, andrew tate.
cute
And their DRUG DEPENDENCY!! 😮
There's not a lot of information on this case when searching google. It feels like you shared a story with the world that only the police and the people involved knew about. Great stuff
It's funny I live in kosovo and I never heard a more detailed story than this
Yeah, that´s what I like about DW documentaries, they investigate what isn´t widely known. Like in that documentary on the gemstones used in the beauty industry.
There should be government programs to regularly educate senior citizens on cyber fraud. Maybe a helpline where they can consult before making any investment to check the legitimacy of the platform.
Absolutely.
Be careful of all the guys from the scammer, because day by this types of crime increase in every corner of the world. This Dw is very informative, thanks for the team.❤
there are lots of scam syndicates in those developing countries in eastern europe and south asia, too easy money to make
How can Germany sentence him for only 12 years yet ppl lost their lives 😢😢😢
The biggest mistake we make is thinking it only happens to stupid people, brightest minds get conned too. Be careful out there and be careful of easy money.
But Bitcoin Iz an easy money and It isnt a con
Anybody can be conned ; it's just a matter of time.
Love DW Documentary. Great quality, thorough, good editing. 👍
Bitcoin is blackmail or hide fear of fraud of own state, company and corporation in conect to the states . Only in criminal machine by ambiton ,dw hide that with good distration.
Salutes to the investigating team.
Great Report DW , I recently lost more than 10000 euros to scammers . Computer literate but I was too exhausted to comprehend. Started realizing it was a scam the moment I had vacation.
Suicide? What happen to the money hidden offshore? On another note, the sums involved are a drop in the ocean compared to how much UK taxed payers lost due to the 2008 banking crisis, and not one banker ever appologised, let alone handed back their bonus. So compare if you will the life decisions taken by the ex call centre worker interviewed here and the bank salesman knowingly selling junk bond insurance dressed as AAA rated credit default swaps. Not much difference, except the latter made much more and will never be prosecuted.
I agree. And we didn't have a say in the scam.
Best comment
That's because that was all legal, socialism but only for corporations
Well said.
For real, the greed of the investors is the cause of the problem that the criminals nurture
Yes... but fraud does not always stem from nor is it justified by victims' greed.
@@comets4sale for all we know the root cause of the criminal behavior is the inequality between the rich and the poor aka karma
@@peanutz1943As per your twisted logic there are no decent poor people . Very disingenuous and condescending.
@@xcel5203 I’m saying; the rich/investors exchanged some of their inner wealth for the paper version of it. Don’t get it twisted
shame on scammers. they looted people who are innocents and who are already financially unstable.
Thank you DW for good documentaries
Nor all is good, the internet do exchange Who want. The bitcoin is describe like fraud ,awfull ,crook for hide Who state is like this. Already think Who pay debet is thief to the people like documentary acuse ,siber business is? Bitcoin is future and don't have like state see profit in that.Hide fear is word.
Unfortunately, there are digitaly illiterate people in the modern digital world and these financial pyramid schemes are aimed at such people. People need to be brought up to date with such information so that such offices are in little demand, even from school; simply posting the necessary information on the Internet is not enough.DW reporting is excellent as usual.
Combine that with greed and you have a dangerous mix…
It is not digital illiterate, they did exactly the same as big platforms like those from Wall Street, except more obvious and faster to figure that it is scam. It can be different and after several months after losing money people will think "oh well, it is market".
the education system is a scam. most people are all...."blinded" to the puppet masters, a slave to the system, made from the system, trained in the system, and not capable of escaping the system, as to most this "system" is life, as things shall be.
@@vladimirseven777 Greed is always the biggest factor when people get scammed. It doesn’t matter if it’s the Nigerian Prince or anything connected to Crypto.
Another common aspects is that criminals don’t report other criminals to the police so it’s the perfect target group to steal from.
Is this not why people need to be protected by the state and criminals severely punished?
Unfortunately we humans can be easily convinced to ignore all the red flags and believe that the "too good to be true" story is really true.
Gouverments should release a program for citizens to let people aware of cyber crime ! It's very common across the world that victims loses large sums of money
I always enjoy Dw documentaries; they talk about what people want and prefer. Thank you.
Quite few same scams are happening here in INDIA as well, and the worst part is all the social media platforms are advertising them openly without any fear of law enforcement. I think that the law's needs to changed about advertising in every part of the world, especially in countries where the people are still unaware of the cons of using the internet and social media. I personally blame the responsible platform for such acts as they are promoting such thing just to gain a few dollars as an advt. revenue.
I'm waiting for when TH-cam will start blocking scammer ads on their platform instead of bloggers
@@temphys They'll never stop, Ads are their main revenue stream.
Onpassive being one
let me guess the right question isn't being asked... Why aren't Facebook, TH-cam and so on being held accountable for bombarding us with scams and fake profiles. if my local shopping centre allowed a salesperson to rip off visitors, it would be stopped immediately
because the scale isn't remotely the same?... a lot easier to police 100 shops than 150,000,000.
Thats, because they have a huge lawyers corporations that wrote their EUL-as and when you open your account and go through all those "I accept" without reading you are actually confirming that they are not responsible for (anything) any damages that may ocure from your actions on their platforms, ie. we give you "a tool", its up to you if you are going to use it to do good things or harm someone.
But, as long as they are havina a profit our of you they will turn their attention to other side.
If you are doing good by scamming people they are also doing good but they are not scamming anyone so their hands are washed and if you get caught they can just say "you should not have done that, by signing our terms & conditions of use you "pinky sweared" you wont do that and we believed you, we are so dissapointed in you".
I reported adds that I knew were scams and I was told it does not go against their rules ( Facebook, TH-cam, instagram ) . Those adds are paid so they dont care
@@mariar3767 You Tube is full of scams and Facebook Marketplace is terrible for sxammers
Absolutely……….they r probably making $$$$$$$$
If you feel greedy - someone trying to rob you.
This used to happen in Bulgaria and I believe that’s still the case - I heard a grim story from an insider whos client took his own life after learning that he had lost all his savings which this person supposedly” invested” in a stock whose price fell dramatically…
I’m sorry but why would you invest everything you have on some random stock from some random person. I’ll tell you why, GREED!! These peoples are greedy and they get tricked out their money! I’m sorry but I don’t feel bad unless you’re very old and not mentally capable anymore. It’s greed and stupidity, just like the criminal who robs a bank. Nobody feels bad for their stupidity! They will go to prison!
Great documentary by DW, as usual. It would be helpful if the government ran massive campaigns to educate the public about these scams.
Thanks for watching and taking the time to comment.
@@DWDocumentary DW please contact me I have a case to report is much bigger than this case
The biggest scam is government debt and current monetary policy. Who will educate about that?
Always follow the Golden Rule "If something sounds to good to be true if properly is!" If you going to get say more than 12-15% on investments its a con. The only way to become rich by investments is to either become a Qualified Investor yourself or create a investment. There are not short cuts. "Qualified Investor" most will never ever be able to achieve!
Agreed. Unfortunately, the greed of the victims is their demise for the scam. It’s sad they lost their savings but they were greedy- expecting those kind of returns.
I used to work for an ex-cop (Baltimore City) at a liquor store he owned. He gave me a very solid piece of advice: "Never break more than one law at a time."
Rule number 1, someone who finds a way to turn €250 into €10,000 will use it for himself, not pay money for adverts to share it because they're so nice.
I think people who fall for this sort of scams are a bit dumb, because if they stop and think for even one second, if these people can guarantee you a crazy high return month after month why on earth would they help you and only take a percentage of that earning? Of course if it were true they'd just make all of the profits themselves, why would they bother with you?
Just what my dad used to say
Upscaling investments through getting more money involved is still a real and absolutely common and normal thing.
But yea, on the net from Mr XY it's scam of course.
For this to work you need two ingredients: a scammer and a greedy customer.
Good documentary, that is why I watch DW. Scams are so common that I think that everyone is vulnerable. Just based on the frequency of them.
Thanks for watching and taking the time to comment!
the irony is that the scammers are still essentially working a 9-5, which probably pays the equivalent of a good tech job or something like that, except the work is even shittier
The sad thing is this is what normal stock brokers do too.
Don't you have an investment advisor or a banker with an actual street address which you know? Who throws money on the internet or to a call center?
Right now as we are watching others being scammed 😢
Another wonderful documentary shared by an amazing ( DW) documentary channel.. Thank you for these amazing documentaries
It's based on the good old saying "Too good to be true". If only those victims could have realized that and be not greedy, then nobody can do any harm to their money. Sadly still many people keep being greedy and not realizing that simple rule of "too good to be true".
Problem is that without a reference point you can't tell what's too good to be true.
@@tomlxyz Well, of course, there is no any precise measure of what is “too much”. But there are references everywhere in our daily lives. For example, if somebody told you that he drinks 5 kg of milk every day or eats 2 kg of deserts per day, then I think any ordinary normal human beings would think that is too much.
Likewise, if people claim that they can make 10% of return or more per month from an investment consistently, then that will be called “too good to be true”, and any normal ordinary human beings should think twice.
thank you so much for your kindness and generosity
It's amazing how the intelligent people are capable of understanding how wrong it is to scam someone, even if the person getting scammed did something that seems stupid.
At the same time it is appalling how stupid some people are to think someone deserves to be scammed.
Great video!
This happens all the time to people in the UK. It even happened to a friend's parent and he tried to tell her to stop but she wouldn't listen to him. I had to go round and explain it all and tell her it's not real and then got her to call the banks and citizens advice. As you can imagine it was a thankless task. Lots of tears. Great fun.
Greedy and stupid are the most annoying type of people. The same type of people who fall for these ridiculous scams. Trying to convince them they're wrong is like talking to a brick wall.
@@Consul99 The scammers got her to take out £36000 in loans to 'invest'. Absolutely mental.
Just because "it happens all the time" doesn't make it right
Ambition came by behind of profit , lost in slander that don't fault of freedom marketing. Crook in acts ,be in human feel . Without freedom marketing, the people lost own freedom.
It's happening in India too. Scammers are so talented that they use emotions, gain trust of people and prepare their mind to invest and loot money not allowing to withdraw money saying it's system that allows to withdraw money when task completed. Scammers ask for more, more more and more money saying you can withdraw this time, you can withdraw after investing more to complete task but it's never ending process they creat by them through system. Later their links and they disappear. They also force and tell to ask burrow from friends, relatives or apply for loan and complete task and withdraw the money and return to friends, relatives or the loan amount. But the task never ends, they go on looting more more more money making people without any Penny in their savings, increase debts, and make them commit suicide as the people atlast realise after loosing completely left nothing and remain in shocked. And scammers simply disappear and their links doesn't work. I experienced faced huge loss of money six lakhs. 😢😢
Everything bought with this stolen money is tainted with negative energy.... imagine buying your kids or partner something that is contaminated like this... from a lamp on the bedside table to the car someone drives... I could never live like that....obviously some people can.
That's not the reality, can't you see politicians using public funds to buy luxury products and drinks, buy cars to their loved ones 😂 still living happily and getting praise from people.
@peacenotwar9267 It is reality, and I can imagine it.....in fact I don't need to imagine it...I live in a country where that is beyond prevalent and no, I don't admire them Sure, there are people that do, just like the people in that group photo... so I will say it again...., I couldn't imagine being like that, but some people clearly can.
@@peacenotwar9267 thats why i can never live and work together with them,
This is an old problem that still exists since all platforms love their ad profits. As long as someone else is the victim they can’t care less.
A good rule of thumb is, you stay away from anything that is being advertised, or pushed to you, on the web.
Wat If Its youtube?
Yea, real sound logic there. 🙄
Very good documentary ,thank you.
Ignorance is a expensive lesson
38:21 Once you fall for a scam once, your information is put into a database of potential targets. Not just for the actual people that scam you, but many of these groups share information on targets, or rather sell it to other groups.
Both sides linked by greed!
She thinks an algorithm can turn $250 into $10k in four weeks? These people didn't get scammed, they got greedy and stupid.
Best analysis.
I was not greedy and stupid, for 42 months never though even a second for a money, I just tried to convince to give me a job in Germany
@@urimtefiki226what are you about here?
Scammers are just excellent in marketing.
Sad but true
Thanks for featuring one of my favourite 50 Cent songs "Window Shopper" lol great touch
great informative documentary, keep up the good work to inform more people
Thanks for watching and for the feedback!
DW make the best and most informative documentaries
Thought they said only Nigerians scam.
It's funny how the whole world uses us as scapegoat😂.
I feel sorry for the victims
No but Nigerians make up the largest share
@@petermaina2818 and India?
Are you even following?
American has more scammers than Nigeria, they can the media and they can change the narrative.
We are loud and that has given us both good and bad reputation
Happy new year DW, want to express my colossal thanks for your reporting these last many months and years, your doing this in english language (my native language) I think you folks are now top of the game rather than another source I used to rely on not far from you. Bravo! and always, thank you.
Thank you so much for your kind words! We appreciate you taking the time to comment and are glad you like our content. Best wishes and happy new year to you too!
I sometimes translate police documents to investigations like these, and I was a bit sad the documentary made it look like all the work was done by the German police. For an investigation to work, the police departments of all the states have to cooperate effectively. So this definitely involved some good work by the Czech and Kosovan police. Not to mention the translators 🙂
Never invest what you cant afford to lose
I'm investing in cat food and litter-feminists becoming single spinsters
Like marriage.
Or not trust strangers on the internet about money 💵. Simple
that has never been "invest" these "trading" scams online are very old, falling for that in years 2020 is really something else.
@@streetsarecold safe invest
The most honest and interesting DW documentary is enlightening educational videos.
Good work DW, 'm find of your documentaries
Thanks for watching!
Thanks for the video
Thanks for the information
Nice work done by you
I wonder how they do these international scams what a temptation if i was in a documentary i would be tripping
greed greed greed. people want quick bucks without work.
Rich and poor both.
Yes ofcourse Who doesnt
Money without work?! Sounds like the scam they get you to believe in communism 😂
Nigerians
Like politicians
Great DW documentary and a big shout out for the investigators that protect us from such scams!
How can you possibly protect people from their own STUPIDITY ???
🤭🤭🤭
And the corruption did by state father? The corruption company friend of governament? The corporation to support the state, to control little shop, to employ poor is other poor . Who governamental forbiden of work three years ago..That don't is a form of corruption in name of science and life?
Excellent presentation. Previously lost about 10k USD a couple of years ago. Computer service group internet wise. Be ware of anything of line.
Excellent DW documentary. 👏👏👏👏
Thanks for watching and for the feedback!
Excellent documentary
Only slightly more criminal than the "legal" system of financial speculation in official banking under late-stage neoliberal capitalism. And the latter does far more damage when it plunges world economy into recessions like 1929 and 2008.
Always be a skeptic whenever you get yourself involved with any types of investment that you're unsure about.
one should ignore any phone calls promising "quaranted" and high profits. there is no such a thing
Why are you subscribed to Jake Paul?
Here in Tetovo and in Skopje Norht Macedonia there are call centers too.
First to fight off scammers💪👍👊💪
And unmask them
27:08 The chief investigator: "We couldn't imagine that there would be entire floors dedicated to these [fraudulent] call centers."
Sir, you need to visit Cambodia or India one of these days😔. There are buildings and apartments complex dedicated for scamming in those places.
Chinese scammers have the whole area near the border inside Mynamar.They have casinos,nightclubs also.
Nice dokument 😊
Well done DW.
Remember: If it sounds too good to be true, it is not true!!!!
One fine example of fraud is your local bank where you deposit and withdraw your money daily 🤑
Fully awareness video thanks
It’s sad that some victims did due diligence after they got scammed.
I always do mine before as my defensive mechanism!
My thought as well but I still feel sorry for these folks. I’m no cyber genius but I think I would investigate before rather than after. That being said I’ve been ripped off by contractors a few times.
@@waterwomaninFLI was to, but I helped get 1 locked up for 10 yrs. I gave them a chance to make it right.
12 years in prison for such crimes? I will give him 1200 years.
Nice work @DW
Thanks for watching!
The only thing I will tell openly on my phone to strangers is the name of my dog , Ralf !
27:35 so clearly there are people in law enforcement who tipped them off.
That happens all the time with the Indian scammers, law enforcement is on the payroll and pick up bribes every month.
DW, Merry Christmas vs have a nice time
Thank you so much for your help and advice,
I really appreciate your job. I wish you happiness and peace under the sky of prosperity. All the best.
Take care and have a good time
amazing ...whats the difference with Nigeria boys
Shoulda learned from RuneScape, never trust the guy offering to double your gold coins for nothing.
“only an idiot would believe it’s 99.9% certain”
I cannot envision giving someone all my money. I guess it’s greed that’s the trap.
He who hastens to grow rich will not go unpunished - Proverbs 28:20
"I'll gladly pay you Tuesday - for a hamburger, today."
J. Wellington Wimpy
Greed has no upper limit.
What It wasn't presented and is a big question mark, how did these people manage to deposit the amounts and not raise flags within the banks and payment processors.
Usually it takes some time to clear these funds before they become available to these fraudsters and move them however they like.
Maybe someone has some more information about that..
If someone calls you up offering riches and you fall for it? You're to blame..
9:56 Due diligence would be doing that BEFORE dropping your money into a company. 📝💻
The best things in life are free. Never come across any advertisement for the sun rise, coming rains, oxygen in the air, night fall, day break. Life is such a beautiful thing. It costs no money
Greed and the desire for more is the root of the perpetrator and the victim, but only one wins at the end.
Are you kidding me?..protecting the face of scammers and revealing the face of their victims?
He will be a free man again After sentincing 3 years on probation
Always invest in accredited and govt approved places knowledge is key
RULE OF THUMB, if it sounds too good to be true, it probably is.
The second indignity to these fraud victims happens in the rare occasions the scammers are apprehended and processed through the legal system. The penalties and sentencing are so lax and light, that it makes it worthwhile for the perpetrators to continue scamming people. This crime pays well.
If scammers dont do that, there is no story for journalists.
One factor is greediness
The issue here is double fold: first the social media's responsibility of not doing anything and hiding behind: we are a provider not responsible of the content. Second, there is the lack of general education of the public about scmas but also about finance in general. While this scam is huge, I can't stop thinking that NFTs and cryptos are much much larger. I really think there is something to be done to protect the general public interest by educating more and more about the risks of scams.