With ‘pig butchering’ scams on the rise, FBI moves to ... - NBC News
WEBFeb 5, 2024 · Enticed by the prospect of romance and riches, coaxed over social media, thousands of people have lost their savings in a scam known as pig butchering.
‘Pig butchering’ crypto scam: Americans taking their lives ... - CNN
WEBJun 17, 2024 · According to FBI data, out of nearly $5 billion dollars lost to cryptocurrency fraud in 2023, $3.96 billion was stolen in pig butchering scams.
The Pig Butchering Invasion Has Begun - WIRED
WEB6 days ago · Such “pig butchering” operations have largely been concentrated in Myanmar, Cambodia, and Laos, typically rooted in Chinese organized crime groups exploiting instability and poor governance in ...
Four men indicted in $80 million ‘pig butchering’ scheme
WEBDec 14, 2023 · Los Angeles federal prosecutors said four indictments and two arrests had been made in an international “pig butchering” scheme. So-called pig butchering is an increasingly prevalent scam...
Cryptocurrency 'pig butchering' scam wrecks Kansas bank, sends …
WEBAug 21, 2024 · The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had...
A victim of a crypto ‘pig butchering’ scam just got his $140,000 …
WEB1 day ago · The proceeds have now been handed back to victims of the scheme. (Charles Krupa | AP) Aleksey Madan never thought the day would come. This week he received a $140,000 check in the mail from ...
Four charged by feds, accused of running an $80 million ‘pig butchering ...
WEBDec 14, 2023 · Four accused scam artists, three from Southern California and one from suburban Chicago, were charged in an alleged "pig butchering" scheme that bilked victims out of more than $80 million,...
Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry
WEBNov 23, 2023 · Fraudulent crypto investment schemes directed from Asia known as “pig butchering” have become a global billion-dollar industry. But little is known about those who benefit. Reuters traced at...
$75 Billion Lost to Pig-Butchering Scam, New Study Estimates
WEBMar 1, 2024 · Pig butchering—a scam named after the practice of farmers fattening hogs before slaughter—often starts with what appears to be a wrong-number text message. People who respond are lured into...
Beware the ‘pig butchering’ crypto scam sweeping across America
WEBDec 26, 2022 · The term pig butchering refers to an unsuspecting victim — the “pig” — being tricked by scammers into forking over money for a promised high rate of return.
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