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What is pig butchering?

Now, a new variation of these schemes, known as “pig butchering,” is on the rise, ensnaring unsuspecting targets to steal all of their money and operating at a massive scale thanks in large part to forced labor.

Is pig butchering a scam?

Because 99.9% of the time it’s gonna be a scam. And they’re very, very, very good.” Ken Dilanian is the justice and intelligence correspondent for NBC News, based in Washington. Enticed by the prospect of romance and riches, coaxed over social media, thousands of people have lost their savings in a scam known as pig butchering.

How many pig butchering scams were seized in 2021?

In 2021, the FBI’s Internet Crime Complaint Center received more than 4,300 submissions related to pig butchering scams, totaling more than $429 million in losses. And at the end of November, the US Department of Justice announced that it had seized seven domain names used in pig butchering scams in 2022.

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