How to Protect Yourself from 'Pig Butchering' Scams and Avoid Financial Loss
The “Pig Butchering” Scam: How to Spot It and Stop It Before You Lose Money You receive a friendly, unexpected message. It might be on a dating app, social media, or even SMS. The person on the other end is charming, builds rapport over weeks, and seems genuinely interested in your life. Then, the conversation subtly turns to money—often an incredible, “can’t-miss” investment opportunity. This is the hallmark of a “pig butchering” scam, a devastating blend of romance and investment fraud that is on the rise. Recently, New York Attorney General Letitia James issued a specific warning to residents about this threat. Understanding how it works is your first and best defense. ...