This case highlights the dangers of 'pig butchering' scams, where victims are manipulated over time into giving away their savings, often losing everything.
The scammers took about three months to persuade the victim to invest $170,000, demonstrating their strategic and deceptive methods to extract money from vulnerable individuals.
James Gibbons-Shapiro noted that arrests in such cases are 'rare because victims are often too embarrassed to report the scams,' emphasizing the emotional toll on victims.
Prosecutors indicated that scams like these cost Americans about $1 billion a year, showcasing the widespread impact of cryptocurrency fraud.
Collection
[
|
...
]