News Muncher - searching for scammers

1 week ago

Stop Calling Online Scams ‘Pig Butchering,’ Interpol Warns

Wired

The rise of so-called pig butchering investment scams over the past few years largely caught the world unawares, capitalizing on conditions surrounding pandemic lockdowns and global economic instability to fool people into giving away their money to attackers. But as researchers and law enforcement have scrambled to raise awareness about the crisis—including scammers’ use of forced labor—any way they can, …

Scam Term Pig Interpol Pig Butchering Butchering

1 week, 5 days ago

‘Pig butchering’ crypto scheme costs San José man $170,000. Scammers wanted even more, prosecutors say

LA Times

The senior in San José suspected something was amiss when the woman who’d supposedly helped him buy $170,000 worth of cryptocurrency had asked for twice as much money to pay overseas taxes. He called the Santa Clara County district attorney’s office, which led to criminal charges against two Southern California residents accused of helping run a “pig butchering” scam — …

Law Enforcement Victims Victim Scam Man Case Scammers

1 month ago

Meta removed 2 million accounts linked to pig butchering scams: Know what it is and how it works

India Today

Meta has taken a major step against online scams by removing over two million accounts involved in something called "pig butchering" scams. These scams are elaborate fraud schemes where criminals build fake relationships online to trick people into investing money in bogus plans, often involving cryptocurrency. How the scam works –Scammers send a friendly message or create fake profiles on …

Scams Victim Scam Meta Pig Butchering

1 month ago

Meta Finally Breaks Its Silence on Pig Butchering

Wired

Years into the escalating, multibillion-dollar global crisis of pig butchering scams, social media giant Meta released information for the first time on Thursday about its approach to combating the forced-labor compounds that fuel scam activity on its platforms and across the web. As pig butchering scams generate significant revenue for criminals, though, and spread around the world, Meta notes that …

Scam Meta Pig Butchering

4 months, 3 weeks ago

Cambodian online marketplace outed as one-stop shop for scammers' money laundering and 'detention equipment' needs

ABC

A multi-billion-dollar online marketplace linked to Cambodia's ruling family is allegedly being used to sell equipment to and launder money for the online scam industry — with Australians among those in the crosshairs. "Manual analysis of thousands of messages across the Huione Guarantee platform has provided us with overwhelming evidence that its predominant role is to act as an illicit …

Law Enforcement Money Laundering Human Trafficking Money Online Scam Equipment

7 months, 1 week ago

How South-East Asia's pig butchering scammers are using artificial intelligence technology

ABC

The video shows a young Asian man with stubbly facial hair and blond tips sitting in a gaming chair in a messy bedroom. Their trademark is "Sha Zhu Pan"or "pig butchering" scams in which victims are contacted through social media or text messages, befriended or seduced and then lured into fake investment schemes — usually cryptocurrency. "By using artificial intelligence …

Technology Scams Myanmar Chinese Ai Pig Whatsapp

9 months ago

How pig butchering scam is taking a toll on investors

Live Mint

The allure of making quick money from trading in the markets often leads to unpleasant consequences. To be sure, the pig butchering scam is a form of investment fraud wherein online scammers use a variety of deceptive tactics, include fake investment apps and websites, to persuade victims to invest more money before making the vanishing act. “I will now have …

Money Investment Student Trading Scam Fake App

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 …

Scams Scam Pig Pig Butchering Pig Butchering Scams Kamath Nithin Kamath

2 years, 1 month ago

Anthony messaged with 'Michelle' every day for months. He was being drained of his savings in an elaborate 'pig butchering' scam

ABC

Her name was Michelle. "The major category of scams that we're seeing across the community are about business opportunity or investment scams," said Warren Day, chief operating officer of ASIC. Many of these investment scams, Mr Day said, have a "crypto flavour". Later that day, she forwarded him the "uncle's" 42-page investment scheme "white paper". Common tactics include: Greeting the …

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