Pig Butchering Scams
- Pig Butchering Scams are on the rise globally including in India. It is a type of online financial fraud.
- It is also known as a “sha zhu pan” scam. It is a type of online investment fraud.
- The term “Pig Butchering” refers to the scammers’ practice of “fattening up” their victims with trust before ultimately “slaughtering” them—extracting their money through deceitful means.
- Scammers often initiate contact through social media or online dating platforms, where they gradually build rapport and trust with their victims.
- Scammers employ persuasive tactics, promising high returns or other incentives to convince victims to invest in fraudulent schemes or ....
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