Transnational criminal organizations targeting Americans in complex investment scams,older Connecticut residents at increased risk.(MIDDLETOWN CT – March 26, 2024) – According to the FBI’s Internet CrimesComplaint Center (IC3), cryptocurrency investment fraud grew more than 53% in 2023 toapproximately $4.5 billion. But it may be far worse, as a recent study suggests that the total since2021 may actually be $75 billion.What is causing this loss? Law enforcement has identified this scam as “pig butchering.”In pig butchering investment scams, also known as sha zhu pan (杀猪盘) in Chinese, thefraudster initially contacts the victim through dating apps, social media, or professionalnetworking platforms. They build trust with the victim over several weeks or months, oftenfeigning romantic interest or establishing a friendly rapport. Once the…
Read More