"SAN JOSE, Calif. (KGO) -- A cruel scam known as pig butchering has struck yet another Bay Area resident. This time, an elderly widow in San Jose thought she found new love online. Instead, she was targeted by crypto scammers who took nearly $1 million of her money. It left her with almost nothing to live on. It's a brutal wake-up call for victims."
"They are lured into what seems like a loving relationship -- only to find out they'd been trapped into handing over their money. I told you earlier about a Brentwood widower who lost his life savings. Now this Bay Area woman realized she wired her entire portfolio to scammers overseas -- and now in her 70s, she could even lose her house."
"Margaret Loke is busy in the kitchen of her San Jose home -- but the only food is in pictures on the wall. "I hardly cook because I'm alone," she said. Her kitchen is overtaken instead with paperwork, bank statements, and wire transfer documents -- the remains of a heartless scam that took more than a million dollars of her money, leaving Loke with almost nothing to live on."
An elderly San Jose widow, Margaret Loke, was targeted by a 'pig butchering' crypto romance scam and wired her entire investment portfolio to scammers overseas. Scammers posed as a businessman named Ed, befriended her on Facebook and WhatsApp, and convinced her to send funds, ultimately siphoning more than a million dollars. Loke was left with almost nothing to live on, overwhelmed by paperwork and bank statements, and fears losing her two-bedroom retirement condo. She expressed deep regret and depression, saying she felt stupid for being conned and that protecting her house is her only remaining hope.
Read at ABC7 San Francisco
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