How to Spot and Avoid Pig Butchering Scams: A Consumer's Guide
Don’t Get Fleeced: How to Recognize and Stop “Pig Butchering” Scams You meet someone new online. The conversation is engaging, the connection feels genuine, and over weeks or months, a bond of trust develops. Then, they mention a lucrative, low-risk investment opportunity they’ve used to build wealth. Eager to share their good fortune, they encourage you to join in. This is not a modern fairy tale; it’s the opening act of a devastating financial fraud known as a “pig butchering” scam. Following a recent consumer alert from the New York State Attorney General’s office, understanding this threat is more critical than ever. ...