“Pig butchering” scams got its name from the idea that scammers “fatten up” victims by building trust, and the strategy has amassed billions in stolen funds—particularly in the form of cryptocurrencies.
Losses from investment scams soared 38% to a new record high in 2023, according to the FBI’s Internet Crime Report. Of the $4.57 billion in funds reported stolen, $3.96 billion involved fraudulent crypto investments. So, why are these scams so successful and what is law enforcement doing about it?
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I had a hard wallet through ledger. Went to their support site, it told me go to twitter. I was immediately on their support page picked up by someone who looked like support. They tricked me into filling out an online form. I knew better, but for some reason, I was in a hurry, I put the fucking numbers in. They got $14k out of me. I know, I am fucking stupid. I dont’ know why I did it. He talked me into it. It’s a much longer story, the transfers weren’t working. Anyway, I screwed my family by being in a hurry and not paying attention. I want to kill that guy.
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Best Regard,
Cathy Crumpley
Look at the comments at the YouTube video. Different user names with the same story, using the same big profit numbers being touted = SCAM in my mind.
It is sad for anyone to lose their life savings in such manner, i was a victim but got help, Oliveconsult. online
If people lose their life savings on these scams then they are stupid, lacking critical thinking skills and common sense. We always stuck with solid retirement investing like the S&P500, then in retirement switched to treasuries in the 401k. other misc. we have CD’s in several credit unions. People that fall for phone scams are the same types that would go to Vegas and gamble. They will then leave their heirs nothing but a pile of household junk no one wants. I knew of several which I un-friended several yrs ago.