How to Spot and Avoid 'Pig Butchering' Scams: A Consumer Protection Guide
How to Spot and Avoid “Pig Butchering” Scams A new warning from New York State Attorney General Letitia James highlights a disturbing and increasingly common financial fraud known as “pig butchering.” While the alert is aimed at New Yorkers, this scam targets people everywhere. The name, derived from a grim agricultural metaphor, describes how scammers “fatten up” a victim with trust and romance before “butchering” them for their money. Understanding how this scheme works is the first step in protecting yourself. ...