Pig butchering scams. There, do we have your attention? We must admit the name is a bit vivid–and perhaps stomach-turning, but it gives an idea of what scams do to your finances. Bernie Madoff, Sam Bankman-Fried, and the Ponzi schemes we don’t even know about yet are all examples of this kind of fraudulent scheme.
So what’s a pig butchering scam? Many frauds cast their net as wide as possible and try to catch as many people as they can. They may go for the quick steal, take the money and run.
Pig butchering scams are different. They are in it for the long haul. They encourage their targets to fatten their accounts, the way farmers fatten a pig for slaughter. Before their victims know it, the scammers take a knife to their accounts and they are bled dry.
This doesn’t sound very nice. That’s why it’s important to know the signs of a pig butchering scam to avoid them.
MyChargeBack
FBI Warns Against Pig Butchering Scams
Pig butchering scams. There, do we have your attention? We must admit the name is a bit vivid–and perhaps stomach-turning, but it gives an idea of what scams do to your finances. Bernie Madoff, Sam Bankman-Fried, and the Ponzi schemes we don’t even know about yet are all examples of this kind of fraudulent scheme.
So what’s a pig butchering scam? Many frauds cast their net as wide as possible and try to catch as many people as they can. They may go for the quick steal, take the money and run.
Pig butchering scams are different. They are in it for the long haul. They encourage their targets to fatten their accounts, the way farmers fatten a pig for slaughter. Before their victims know it, the scammers take a knife to their accounts and they are bled dry.
This doesn’t sound very nice. That’s why it’s important to know the signs of a pig butchering scam to avoid them.
Read the article here mychargeback.com/fbi-warns-against-pig-butchering-…
2 years ago | [YT] | 0