"These are sophisticated groups," said a Secret Service agent. "They know exactly what to say and how to get people to give ...

Once the money is sent to the fake investment application, the scammer vanishes, taking the money with them, resulting in ...

SAN JOSE, CA — A high-tech task force in Silicon Valley has made a rare arrest stemming from a growing international scam known as "pig butchering," according to prosecutors. The Santa Clara ...

Crypto fraudsters are abandoning complicated Ponzi schemes in favor of “pig butchering” scams, which have seen a marked uptick in 2024, according to blockchain analytics firm Chainalysis.

According to a report from the FBI, "pig butchering" and other crypto-related scams cost Americans $5.6 billion in 2023. Losses from investment scams in crypto increased by 53% over 2022.

“Pig butchering” scams, involving fake investment opportunities, were the most common crime investigated by the Secret Service in Arizona last year. The scams often start with fraudsters ...