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?

 

Scammer Tries To BLUFF Me After I Put MEMZ On His PC!

#ScammerRevolts #srarmy #SR

23.227 visninger • 12. aug. 2024 • #ScammerRevolts #srarmy #SR

Getting into a scammers computer? YES! Deploying memz.exe? YES! In todays video I get on a scammers laptop and put MEMZ on it!

 

Calling Scammers With Their Own Voice

 

‘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.

 

New technology, including AI, is being used in romance scams

 

Anything for Love: Inside the Romance Scam Epidemic | CBS Reports

Romance scammers drain billions of dollars from people seeking love, and their tactics have evolved in sinister ways in the online age. CBS News goes inside this devastating epidemic unfolding largely in secret, following the journey of an Illinois woman seeking answers after her mother’s mysterious death. Watch more CBS Reports documentaries that dive into the key issues driving the national and global conversation at cbsnews.com/cbs-reports #news #scams #documentary CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations’ top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.