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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. With 'pig butchering' scams on the rise, FBI ...
A pig butchering scam (in Chinese sha zhu pan [2] or shazhupan, [3] (Chinese: ĉçŞç), translated as killing pig game) [1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
Bank CEO was 'the pig' in pig butchering scam "Mr. Hanes made some very bad choices after being caught up in an extremely well-run cryptocurrency scam," his defense attorney, John Stang, wrote in ...
Pig butchering, in this context, is not a culinary art, but an increasingly common crypto scam in which someone tries to lure you into making investments with the purpose of running off with your ...
The Spanish Prisoner scam—and its modern variant, the advance-fee scam or "Nigerian letter scam"—involves enlisting the mark to aid in retrieving some stolen money from its hiding place. The victim sometimes believes they can cheat the con artists out of their money, but anyone trying this has already fallen for the essential con by ...
Best practices • Don't enable the "use less secure apps" feature. • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money. • Pay attention to the types of data you're authorizing access to, especially in third-party apps.
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 ...
Yeah, seems like it's used both specifically as a narrow classification of scam (e.g. "I run the pig butchering scam, we all run the pig butchering scam") and as a sort of umbrella term referring to multiple scams (e.g. "I run a pig butchering scam, we all run pig butchering scams"). Some examples from the article: