Human trafficking victims tortured into scamming innocent people | 60 Minutes Australia

It’s positive news, kind of. In the last year, the Australian Securities and Investments Commission, ASIC, has identified and shut down more than 7,300 phishing and investment scam websites. While it has stopped victims here losing millions, the scammers are still winning, raking in billions. They’re also coming up with more and more technically sophisticated ways to rip off their prey. As Adam Hegarty reports, much of this criminality is now headquartered in the failed state of Myanmar. There, trans-national crime bosses have resorted to human trafficking to amass a 120,000-strong workforce of scammers, who all day long are forced to con westerners out of their money.

 

How Americans Are Losing Their Life Savings To Crypto Fraud

“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?

 

‘Pig butchering’ scammers target BBC reporter - BBC World Service

The BBC’s Cyber correspondent Joe Tidy suspected it was a scam but wasn’t sure what kind. In the end, "Jessica’" turned out to be a "pig butchering" scammer. These fraudsters refer to their victims as pigs, whom they fatten up to be "butchered" or conned, out of as much money as possible. Knowing the profile for "Jessica" was fake, the reporter played along for more than two months to find out what psychological tricks the pig butchers employ to lure victims around the world into investing into fake crypto schemes. Pig butchering scammers stole at least $3bn last year according to the FBI, with victims usually aged between 30 and 60.

 

I Fell for a Pig Butchering Scam

 

I Lost the Majority of my Life Savings in an Online Dating Scam

To learn more about my romance scam story called the pig butchering scam and next steps I am taking, subscribe to my blog: Massage, Love & Health https://shaip.substack.com/ Resources to Report if this has happened to you: FBI Internet Crime Complaint Center: https://www.ic3.gov/ The Global Anti-Scam Org: https://www.globalantiscam.org/contact

 

Inside a Pig Butchering Scam

Pig butchering scams are one of the most devastating scams around. They are a combination of a Romance Scam and an Investment Scam, usually involving crypto currency. In this video, I worked with someone who infiltrated a pig butchering scam in Dubai, UAE. He was able to take undercover video and audio to help expose how the scam works. So let's have a look deep inside one of these scams...

FAKE app : YOMIGT

Pig Butchering Scams: Last Week Tonight with John Oliver (HBO)

John Oliver discusses a popular internet scam, why it’s easier to fall for it than you might think, and, of course, boner alerts.

Pig Butchering Scam Exposed!