China FINALLY launches probe into cruel ‘pig butchering’ con which sees fraudsters poach victims on dating apps and convince them to invest in bogus crypto schemes – after Americans lost BILLIONS to scam | #lovescams | #datingapps

China has launched a crackdown on cruel ‘pig butchering’ scam networks – which ensnare thousands of victims every year across the globe – including Americans.  ‘Pig butchering’ scams involve victims being effectively ‘fattened up’ with a fake romantic relationship before being ‘butchered’ by fraudulent investment advice. It works by scammers…

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California prosecutor Erin West on the massive wealth transfer to Southeast Asia from a crypto scam called ‘pig butchering’ | #lovescams | #datingapps

Pig butchering has become an all-too-common online con that costs victims billions of dollars annually. And there’s little remedy for a growing number of victims. But Erin West, a California prosecutor, has made it her mission to fight back against these scams and the people executing them. On a recent episode…

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How scammers use psychology to pull off internet cons – ‘pig butchering’ to fake app alerts | #lovescams | #datingapps

Recently, consumer protection magazine Which? identified some of the most convincing scams of 2023. These scams all have one thing in common – they insidiously take advantage of people’s cognitive biases and psychological blind spots. They included “pig butchering” a way of fattening up victims with affection, the missing person scam…

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