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Shan Hanes embezzled $47 million from the bank where he was an executive in order to fund a costly crypto scam called pig butchering.
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 ...
Illinois widow loses $1M life savings after ‘pig butchering’ scam — here's how to spot this scheme. Danielle Antosz. September 15, 2024 at 3:55 AM. ... with 200,216 reports in 2022. The most ...
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 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.
Scam center operators lure foreign nationals to scam hubs, where they are forced into modern slavery, to scam internet users around the world into fraudulently buying cryptocurrencies or withdrawing cash via social media and online dating apps. [1] A typical scam is known as "pig butchering".
Spoof of National Review. [26] NBC.com.co NBC.com.co Imitates NBC. [28] [26] NBCNews.com.co NBCNews.com.co Defunct Mimics the URL, design and logo of NBC News. [29] News Examiner newsexaminer.net Started in 2015 by Paul Horner, the lead writer of the National Report. This website has been known to mix real news along with its fake news. [30]
She promised huge returns. He sold property and liquidated his 401(k), sending the woman more than $500,000 — his life savings. An account on a website appeared to show his holdings.
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 ...