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Pig butchering scams rob investors of $5.5B, possibly the biggest threat to retail investorsChainalysis reported that pig butchering scammers had evolved to diversify their business model beyond the “long con” of pig butchering scams. Pig butchering scams could take months and even ...
Pig butchering scams are fraudulent investments ... you don’t know well—knowing someone for a few months is not long enough. Scammers can use this information to target you more effectively ...
“The concept of pig butchering is the idea of fattening up the victim, getting them to invest more, more and more of that money, over a long period of time. Ultimately that final prize - in the ...
The pig butchering term comes from fattening pigs before slaughtering, which takes several months. The pig butcher contacts unsuspecting people via text, email, social media or dating sites and ...
Local residents and investors are being cautioned of an increasingly common form of long-term investment fraud known as ...
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