In our Anatomy of a Scam series, Keegan goes over Pig Butchering. This is where the criminals contact you via social media, get you to "invest." Then they try to get you to invest more and more, or send friends and family to them.
The whole time, they are showing you that your investment is growing, but in reality, your money is already gone.
Sources:
Propublica Article: https://www.propublica.org/article/whats-a-pig-butchering-scam-heres-how-to-avoid-falling-victim-to-one
Last Week Tonight: https://www.youtube.com/watch?v=pLPpl2ISKTg
Kit Boga: https://www.youtube.com/watch?v=S89fT5yPbpk
Please send feedback to: OversimplifiedPodcast@gmail.com
Please consider subscribing and leaving a 5 star rating and review! Everything helps get the word out!
Theme music Drifting Korners from https://josephmcdade.com/music
Originally aired on the Inter Realms Podcast Network
Hosted on Acast. See acast.com/privacy for more information.