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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Financial institutions, then telcos in Singapore accountable to scam victims if found negligent under planned framework | #datingscams | #lovescams | #facebookscams

SINGAPORE: Mobile phone networks that don’t enforce security protocols will have to reimburse victims of certain phishing scams – a ruling that already applies to financial institutions. The move will likely make Singapore the first jurisdiction to include telecommunication operators or other infrastructure service providers in a fraud reimbursement framework….

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