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Besmartstayalert Letsfightscammertogether Keratan Akhbar Pilihan Old Con With A New Twist
Johor Bahru, 16th July 2024 - Scammer are rehashing an old con with a new twist, leaving victims heartbroken and in financial ruin. Known as “pig butchering” t...
Johor Bahru, 16th July 2024 - Scammer are rehashing an old con with a new twist, leaving victims heartbroken and in financial ruin. Known as “pig butchering” the con combines the love scam and sophisticated financial fraud involving crypto currency and investment schemes.
Between 2022 and June 24 this year, 52 people have fallen victim to the scam, losing more than RM5 million in total.
“It is called ‘pig butchering' because it (modus operandi) is like butchers feeding if and fattening up pigs before slaughtering them,” said Director of Commercial Crime Investigation Department, CP Dato’ Sri Ramli Mohamed Yoosuf.
He said the common love scam involved victims forking out huge sums of money to ensure the "release" of their lover in distress.
He said some victims even organised welcoming parties for their “future spouse” who does not show up and is never heard from again.
Such scams have been on the decline, but police are seeing an uptick in pig-butchering scams in Southeast Asia, he said.
Read further on News Straits Times article attached.
