Chinese organized crime groups run "Pig Butchering" scam, exploiting social media for investment fraud.
"Pig Butchering" is an online scam primarily led by Chinese organized crime groups, where fraudsters exploit social media to build trust with victims, often posing as romantic interests. Victims are manipulated into investing in fake cryptocurrency schemes, losing significant amounts of money. Many perpetrators themselves are victims of trafficking, forced to commit fraud under duress. This scam highlights the troubling links between online crime and modern slavery.
September 20, 2024
4 Articles