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The senior in San José suspected something was amiss when the woman who'd supposedly helped him buy $170,000 worth of cryptocurrency had asked for twice as much money to pay overseas taxes.
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: 杀猪盘), translated as killing pig game) [1] is a type of long-term scam, which usually but not always combines the various forms of romance scams and investment frauds, in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent ...
In 2022, pig-butchering and other online cyber fraud cost Americans alone some $2.6 billion, according to the FBI, over double the previous year. Most was conducted from the Golden Triangle.
With “pig butchering” scams on the rise, an increasing number of Americans are falling victim to fraudsters. “In 2023, we saw well over $3.5 billion of reported losses, ...
Grower, a pig between weaning and sale or transfer to the breeding herd, sold for slaughter or killed for rations. [clarification needed] Finisher, a grower pig over 70 kg (150 lb) liveweight; Butcher hog, a pig of approximately 100 kg (220 lb), ready for the market. In some markets (Italy) the final weight of butcher pig is in the 180 kg (400 ...
Dec. 20—State officials warn of what they call "pig butchering" scams targeting seniors throughout New Mexico during the holiday season. In such scams, fraudsters reach out to potential victims ...
The worst thing, worse than the physical danger, is the emotional toll. If you work in the stick pit [where hogs are killed] for any period of time—that let’s [sic] you kill things but doesn't let you care. You may look a hog in the eye that's walking around in the blood pit with you and think, ‘God, that really isn't a bad looking animal.’
Crypto exchanges like Binance are central to pig butchering schemes. While romance and investment scams are as old as civilization, crypto adds a new wrinkle, allowing money to travel faster and ...