The FBI warns Louisiana residents about "pig butchering" scams, a dating/social media fraud where fraudsters gain trust, promote high-yield crypto investments on fake sites, and vanish with funds.

The FBI has issued a warning to Louisiana residents about a new scam known as "pig butchering," which primarily involves cryptocurrency investment fraud. The scammers gain the trust of their victims through dating or social media apps and convince them to invest in cryptocurrency with the promise of high returns. They then direct their victims to a fraudulent website that appears legitimate but is actually operated by the scammer.

February 07, 2024
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