# Fraud Has Cost You Your Financial Future | How Money Works

Page: https://stenobird.com/podcast/how-money-works-7289568/fraud-has-cost-you-your-financial-future-how-money-works
Text version: https://stenobird.com/podcast/how-money-works-7289568/fraud-has-cost-you-your-financial-future-how-money-works.md
Podcast: [How Money Works](https://stenobird.com/podcast/how-money-works-7289568)
Published: 2026-07-10T15:03:00+00:00
Episode link: https://traffic.megaphone.fm/PODAGEN5178881336.mp3?updated=1778655956
Audio file: https://traffic.megaphone.fm/PODAGEN5178881336.mp3?updated=1778655956
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/how-money-works-7289568/episodes/fraud-has-cost-you-your-financial-future-how-money-works
Duration seconds: 977

## Resource

Fraud Has Cost You Your Financial Future Click here https://bit.ly/HELLOMONEYDEC and get 65% off with my code HELLOMONEY if you’re in the US but wherever you’re watching from you will also get a very special discount as it’s valid internationally! Sign up for my newsletter https://compoundeddaily.com 👈 With the collapse of FTX, the conviction of Elizabeth Holmes and the widespread rejection of everything NFT all happening within the space of a month, financial fraud is once again big news, and it should be because it is costing you your financial future. This is not your imagination either, incidents of identity theft, wire fraud, investment scams, pump and dumps, Ponzi schemes, phishing attacks, and sophisticated hacks are all at all time highs. Fraud cost Americans a total of 5.8 BILLION dollars in 2021, and most trackers suggest that number will be even greater this year. these stories can be easy to ignore because the victims of these crimes often had to, frankly, be pretty stupid and financially illiterate to get caught up in them. Anybody who has been anywhere near the internet in the last 20 years should know by now you don’t send money to Nigerian princes with yahoo email accounts or corporate executives playing league of legends during an investor meeting. It’s all pretty common-sense stuff, and you might then incorrectly assume that the rise in fraud is of no concern to you. When you really think about it that 5.8 Billion dollar figure sounds bad, until you work out that that’s only $17.50 per American for an entire year, not to flex too hard but I have spent more on a Starbucks coffee before. It’s hard to see how such a small cost could be doing something as severe as costing young Americans their financial futures, but it is. So it’s time to learn How Money…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/how-money-works-7289568/episodes/fraud-has-cost-you-your-financial-future-how-money-works/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/how-money-works-7289568/fraud-has-cost-you-your-financial-future-how-money-works.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.