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> Is that mismanagement a scam, though? The leaders of that bank benefitted greatly from what was happening. > As a percentage of banking, I think the scam ac
by latchkey 3y ago
> Is that mismanagement a scam, though?
The leaders of that bank benefitted greatly from what was happening.
> As a percentage of banking, I think the scam activity is low compared to crypto stuff but it really just takes data.
Globally, crypto fraud is a fraction of banking fraud. Since crypto is global, I take that perspective. That said, here is one data point... you are welcome to keep digging. Mind you, the banking ones are only the frauds that are caught and public, and not actively being manipulated.
https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-...