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Online Scam

All articles tagged with #online scam

crime1 year ago

"FBI Cracks Down on Rising Pig Butchering Scams and DeFi Threats"

The FBI is taking action against a rising online scam known as "pig butchering," which has led to thousands of people losing their money to fraudulent investment schemes, often involving cryptocurrency. Victims are lured in with promises of romance and riches, only to be swindled out of their life savings. The FBI has seen over $3.5 billion in reported losses and around 40,000 victims in the United States in 2023. The agency is using sophisticated techniques to identify and warn potential victims, as well as recover some of the stolen funds, but most of the money is never recovered. One victim, Barry May, lost over $500,000 and warns others to be cautious of offers that seem too good to be true.

via Yahoo News|
#crime#cryptocurrency#fbi
crime-scams1 year ago

"FBI Takes Action Against Rising 'Pig Butchering' Scams and DeFi Threats"

The FBI is taking action against a rising online scam known as "pig butchering," where victims are lured into investing in cryptocurrency by promises of romance and riches, only to lose their life savings to organized criminal groups based in Southeast Asia. The scam, which has resulted in over $3.5 billion in reported losses and 40,000 victims in the United States in 2023, preys on people from all walks of life. The FBI is using cybertechniques to identify and warn potential victims, as well as recover some stolen funds, but many victims never see their money again. One victim, Barry May, lost over $500,000 and warns others to be cautious of offers that seem too good to be true.

via NBC News|
#crime-scams#cryptocurrency#fbi
crime2 years ago

"Spanish Police Arrest Suspect in Sibling Killing Tied to Romance Scam Debts"

Spanish police have arrested a 43-year-old Pakistani man in connection with the killing of three siblings in their 70s, reportedly over debts linked to an online romance scam. The suspect had previously attacked one of the sisters and had lent them at least $55,000, which they had never repaid. The tragedy is believed to be linked to a fake online love affair, where the sisters were led to believe they would receive a multi-million-dollar inheritance. Romance scams are not uncommon, with recent cases in the U.S. involving swindling victims out of large sums of money.

via CBS News|
#crime#debts#murder
crime2 years ago

Online Scam Leads to Tragic Family Massacre in Thailand

Thai police suspect that at least 11 individuals were involved in a loan scam that led a man to kill his wife and two young sons before attempting to take his own life. The man, Sanit Dokmai, had become a debt guarantor for a friend who fled, leaving him responsible for a debt of 400,000 baht ($11,400). In an effort to help, Sanit's wife applied for a loan online but was scammed, losing over 1.7 million baht ($48,000). Thailand has been grappling with a surge in cybercrime and scam cases, with over 200,000 online reports of scams totaling an estimated 30 billion baht ($855 million) or more in 2022. The country recently enacted a law allowing banks to freeze suspicious accounts for 72 hours without requiring a police report.

via Yahoo News|
#crime#cybercrime#debt
scam-alert2 years ago

"Beware of the 'Pig Butchering' Scam: Alabama Victims Lose Millions"

Genesee County Sheriff Christopher Swanson warns the Michigan community about the "pig butchering" scam, a type of crypto scam where scammers build trust with victims through catfishing and convince them to join a financial investment scheme. Victims in the United States lost over $3 billion to this scam last year. Michigan-based life coach Simon Preslyn lost $35,000 to the scam, while others in Florida and Alabama lost $15,000 and $22 million, respectively. Officials advise the public to be cautious online and not to trust strangers promising too-good-to-be-true opportunities.

via WXYZ 7 Action News Detroit|
#crypto-scam#financial-loss#online-scam
crime2 years ago

Match.com Date Attempts to Hire Hitman to Kill Man's Wife

Melody Sasser, a former employee of Pilot Flying J truck stop chain, allegedly tried to hire a hitman to kill the wife of a man she met on Match.com. Sasser stalked the wife using a fitness app and sent her location updates to a bogus murder-for-hire service she found on the dark web. The scam site, called Online Killers Market, was discovered by foreign law enforcement, who notified the Department of Homeland Security. Sasser wired $9,750 to the site, but the hit never happened. She faces up to 10 years in prison if convicted.

via The Daily Beast|
#crime#dark-web#matchcom