Dentist falls prey to ‘pig butchering’ scam
2 years, 9 months ago

Dentist falls prey to ‘pig butchering’ scam

The Hindu  

A dentist fell prey to the “pig butchering” scam involving a woman purportedly from Hong Kong who cheated him of ₹81 lakh on the pretext of phenomenal returns on investments in cryptocurrencies. The modus operandi of those involved in such a scam is to establish contact with potential victims through women via social media platforms or dating apps and, over a period of time, groom them into making investments in fake schemes on the promise of high returns. The Central probe agencies may look into the scam, taking note of the case that was reported at the Kotwali Police Station in Chhattisgarh by the dentist, who says he is a victim of a cryptocurrency fraud. As alleged, a woman from Hong Kong named Anna Li started chatting with him on a social networking website called Vkontatke and later on WhatsApp as well.

Victim  website  dentist  withdraw  butchering  falls  account  money  started  woman  prey  victim  pig  cryptocurrency  scam  accused

History of this topic

What is ‘pig butchering’ cyber scam flagged by MHA? All you need to know
6 days, 9 hours ago

What is ‘pig butchering’ cyber scam flagged by MHA? All you need to know

Hindustan Times  

The Ministry of Home Affairs has identified a new form of cyber fraud known as the “pig butchering scam”, involving large scale money laundering. Representational image) The new cyber fraud scam makes people lose money almost daily due to bad investments In its latest annual report, the MHA stated that the new investment scam started in China in 2016, targeting …

Meta cracks down on ‘pig butchering’ scams, claims to have removed over 2 million accounts
1 month, 2 weeks ago

Meta cracks down on ‘pig butchering’ scams, claims to have removed over 2 million accounts

Firstpost  

Pg butchering scams involves fraudsters tricking victims — often found on social media or dating platforms — into fake cryptocurrency investments or financial schemes. Such scams have siphoned off more than $75 billion globally since 2020 Meta has been actively tracking the criminal networks behind pig butchering scams for the past two years, noting their increasing global spread. Described as …

Pig Butchering Scams Are Going High Tech
2 months, 3 weeks ago

Pig Butchering Scams Are Going High Tech

Wired  

As digital scamming explodes in Southeast Asia, including so called “pig butchering” investment scams, the United Nations Office on Drugs and Crime issued a comprehensive report this week with a dire warning about the rapid growth of this criminal ecosystem. “These developments have not only expanded the scope and efficiency of cyber-enabled fraud and cybercrime, but they have also lowered …

’Pig butchering’ scams: Nithin Kamath explains how they work, protection from it
1 year, 1 month ago

’Pig butchering’ scams: Nithin Kamath explains how they work, protection from it

Live Mint  

Amid the cases of financial scams on the rise, founder, and CEO of online brokerage firm Zerodha, Nithin Kamath, on 13 November said it is scary how many people fall for various financial scams. He even suggested methods to protect themselves from such scams, where people fall for fake job offer scams, scammy high-return investment schemes crypto investments, etc. It …

Police recover ₹12 lakh invested by techie in fake cryptocurrency scam
1 year, 3 months ago

Police recover ₹12 lakh invested by techie in fake cryptocurrency scam

The Hindu  

The Mysuru city police have helped a techie recover ₹12 lakh that he had invested in a fake cryptocurrency scam. According to Mysuru City Police Commissioner Ramesh B., the victim, who is also incidentally an ex-employee of a software company, had fallen victim to one such cryptocurrency scam to which he had received an invitation on a social media messaging …

What Is a Pig Butchering Scam?
2 years ago

What Is a Pig Butchering Scam?

Wired  

Digital swindles like business email compromises and romance scams generate billions of dollars for criminals. Now, a new variation of these schemes, known as “pig butchering,” is on the rise, ensnaring unsuspecting targets to steal all of their money and operating at a massive scale thanks in large part to forced labor. Often they’ll simply say “Hi” or something like …

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