Online Fraud

Don’t Get Fleeced: How to Spot the “Pig Butchering” Scam In a recent official alert, New York Attorney General Letitia James warned residents about a particularly insidious type of financial fraud known as “pig butchering.” The name is as crude as the scam itself, derived from the process of fattening a pig before slaughter. In this context, you are the pig. Scammers invest significant time in building trust and fattening your hopes of wealth, only to steal your life savings when you’re most vulnerable. Understanding how this scam operates is your first and best defense. ...

The “Pig Butchering” Scam: How Fraudsters Fatten Victims for Financial Slaughter You meet someone online. The conversation is engaging, the connection feels real, and over weeks or months, a bond of trust forms. Then, they introduce an “exclusive” investment opportunity. This isn’t just a clumsy phishing email; it’s a sophisticated, patient fraud known as “pig butchering,” and authorities like New York Attorney General Letitia James are issuing urgent warnings about its spread. ...