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What’s a Pig Butchering Scam? Here’s How to Avoid Falling Victim to One.

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  • motherlovers.
  • edited September 21
    “Hog Butcher for the World,
    Tool maker, Stacker of Wheat …
    They tell me you are wicked and I believe them...”


    (Opening lines / Carl Sandburg’s “Chicago”)
    Sorry. Couldn’t resist.:)
  • These confidence scams are more complex & elaborate than the old millions-waiting-email scams, your-bank-is-calling spoofs, click-bait scams/phishing, check-washing scams.

    Not picking up unknown calls, not clicking on any link in emails/texts/WhatsApp, not opening unexpected email/text attachments should help. I don't even click on links in emails from my banks/brokers - I try to get there by directly logging into the site and sometimes have to call bank/broker to find how.
  • edited September 20
    What is so awful here is both the victims and the victimizers are abused. An excerpt from the longer article:
    .Fan’s descent into forced labor began, as human trafficking often does, with what seemed like a bona fide opportunity. He had been a prep cook at his sister’s restaurant in China’s Fujian province until it closed, then he delivered meals for an app-based service. In March 2021, Fan was offered a marketing position with what purported to be a well-known food delivery company in Cambodia. The proposed salary, $1,000 a month, was enticing by local standards, and the company offered to fly him in. Fan was so excited that he told his older brother, who already worked in Cambodia, about the opportunity. Fan’s brother quit his job and joined him. By the time they realized the offer was a sham, it was too late. Their new bosses wouldn’t let them leave the compound where they had been put to work.

    Unlike the countless people trafficked before them who were forced to perform sex work or labor for commercial shrimping operations, the two brothers ended up in a new occupation for trafficking victims: playing roles in financial scams that have swindled people across the globe, including in the United States.

    Tens of thousands of people from China, Taiwan, Thailand, Vietnam and elsewhere in the region have been similarly tricked. Phony job ads lure them into working in Cambodia, Laos and Myanmar, where Chinese criminal syndicates have set up cyberfraud operations …..

    ….About 8,000 miles from Cambodia, an American who lives near San Francisco got a WhatsApp message on Oct. 7, 2021, from a stranger calling herself Jessica. She seemed to have reached him by mistake. Jessica asked the man, whose middle name is Yuen, if they knew each other; she said she had found his number on her phone and didn’t know why. Yuen responded that he didn’t know her. But Jessica was chatty and friendly, and her photo was alluring, so they kept talking….

    At the moment Jessica initiated contact, Yuen was vulnerable. His father was in a hospital, dying from a lung disease. He had entrusted Yuen, the youngest of four siblings, with the power to decide whether to cut off his life support. It would also be up to Yuen to plan his father’s funeral and distribute his estate.
    The family had immigrated to the U.S. from Hong Kong decades earlier. Yuen, who is in his early 50s and works as an accountant for a major university, was more affluent than his siblings, who are all older than him. He felt it was his duty to take care of them in old age, much as he was caring for his father and had cared for his late mother. Jessica told him she admired his commitment to his family. She shared her own tale of having a grandfather in the hospital….
    Yuen made it clear he couldn’t afford to lose any money. If he did, he said, he’d have to kill himself. Jessica said there was no need to worry: Uncle was never wrong. Yuen owed it to his father to seize the opportunity.

    On Oct. 26, the day he had to go to the hospital to discuss his father’s end-of-life care, Yuen put money on the line for the first time. A conservative investor and lifelong saver, he’d been petrified to put even $2,000 into the brokerage. Jessica convinced him to start with $10,000 and taught him the two-step process to fund his account. First, he wired money from his bank to buy a cryptocurrency called ethereum. Then he could transfer the ethereum to a crypto wallet, whose address she provided.
    Jessica insisted that using a cryptocurrency would help Yuen minimize his tax burden. He admitted he had very little idea of what he was doing….

    Jessica didn’t seem to grasp what a hospice was. When Yuen explained that it was a care facility for the terminally ill, she perked up: “You need to make more money.” Jessica told him he should raise his account balance to $500,000 so he could cover the cost more easily.
  • everything can be spoofed these days. my 92-year-old mother got a call from someone sounding just like my son, begging for money for bail from a mexican jail. they used his name. it was a 100 percent scam. i'm glad she did not get fooled. "Jessica" could be a burmese old, fat guy with a beard and a beer belly. Soul-less spooge-lickers. Filth. Scum.
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