How to Spot and Avoid 'Pig Butchering' Scams That Target Your Money
How to Spot a “Pig Butchering” Scam Before It Cleans Out Your Savings You receive a friendly, seemingly accidental message on WhatsApp, social media, or a dating app. The person on the other end is charming, engaging, and over weeks or months, becomes a regular part of your digital life. They share stories, ask about your day, and build what feels like genuine trust. Then, gradually, the conversation turns to a “can’t miss” investment opportunity. This is the hallmark of a “pig butchering” scam, a devastatingly effective fraud that has prompted recent warnings from officials like New York State Attorney General Letitia James. Understanding this scam is your first and best defense. ...