Father loses $280K after falling for a 'pig butchering' scam on Facebook

“I lost everything. I lost my kids’ future. I lost my future, ” the father told CNN. “I cried every day. How do you tell your 78-year-old mom who has medical problems that everything’s gone?”

Pig butchering is a long-con scam that blends romance, confidence tricks and fake investment opportunities, often involving cryptocurrency.

The scam gets its name from the farming practice of fattening up pigs before they’re slaughtered. Scammers build trust over weeks or months, “fattening” up their targets with affection and romance before slowly introducing a “can’t-miss” investment that shows impressive, but fake, returns.

https://finance.yahoo.com/news/father-loses-280k-falling-pig-120000419.html

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