XPost: alt.computer.workshop, uk.comp.sys.mac

WHAT IS A PIG-BUTCHERING SCAM?

"A pig-butchering scam is a type of investment fraud that lures
individuals into investing their money in seemingly legitimate and
profitable ventures. Typically, the scammers promise high investment
returns within a short period. Pig-butchering scammers often use fake
images and impressive-yet-fraudulent investment portfolios to convince
victims of the legitimacy of their schemes. Once victims are hooked and
have invested a significant amount of money, the scammers suddenly
disappear, leaving victims with no way to recover their funds. The term
"pig butchering" is derived from the idea that the scammers fatten up
their victims with the promise of lucrative returns before
"slaughtering" them for their money."

https://www.trendmicro.com/vinfo/us/security/news/cybercrime-and-digital-threats/unmasking-pig-butchering-scams-and-protecting-your-financial-future

"The alarming rise of pig-butchering scams and their devastating impact
on victims emphasizes the imperative to stay informed about and vigilant
of the tactics and strategies employed by scammers. As malicious actors continue to adapt and refine their methods, it is essential for
individuals to remain proactive in protecting themselves and their
investments, especially since those who are new to investing large sums
are more susceptible to falling victim to such schemes. If you find
yourself in a seemingly trustworthy relationship with an unknown person
online that follows this scam’s patterns, it is crucial to take a step
back and evaluate if you might be the target of such a scheme.
Moving forward, it is critical to be aware of the risks posed by
pig-butchering scams and other types of investment fraud. Scammers
involved in investment frauds are likely to evolve their tactics and
methods when approaching victims, but their core intent would remain the
same — to swindle individuals out of their hard-earned money.
In the face of these evolving threats, always exercise skepticism toward obscure private investment opportunities and prioritize well-established
and mainstream ventures. By doing so, individuals minimize the risk of
falling for scams and increase their chances of earning a profit instead
of losing everything."

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Stay safe out there!
David

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