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How can you avoid falling victim to "pig-butchering" scams?
Description
Imagine somebody spending months gaining your trust, only to eventually trick you into handing over your life savings. Well that’s the basic principle behind a scam commonly called “pig-butchering”.
The name refers to gradually “fattening up” a victim’s confidence before taking as much money as possible. Law enforcement organisations prefer the term romance-baiting investment fraud, which is less potentially demeaning to victims.
How do these scams work then? Why might it look to a victim as though they’re making money? When does the “butchering” part happen? How can I protect myself then? In under 3 minutes, we answer your questions!
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A Bababam Originals podcast.
A podcast written and realised by Joseph Chance.
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