Pig Butchering

“Pig Butchering”: FinCEN Issues Alert on Virtual Currency Scam
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“Pig Butchering”: FinCEN Issues Alert on Virtual Currency Scam

ByEyes on Trafficking News

On September 8, 2023, the Financial Crimes Enforcement Network (“FinCEN”) released an alert regarding a notorious virtual currency scam called “pig butchering,” because, unfortunately, it resembles the “fattening a hog before slaughter.” These scams are primarily perpetrated by criminal organizations in Southeast Asia where these scams are also called “Sha Zhu Pan.” The unwitting victims are the…

FinCEN Issues Alert on Prevalent Virtual Currency Investment Scam Commonly Known as “Pig Butchering”
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FinCEN Issues Alert on Prevalent Virtual Currency Investment Scam Commonly Known as “Pig Butchering”

ByEyes on Trafficking News

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) issued an alert to highlight a prominent virtual currency investment scam known as “pig butchering.” Multiple U.S. law enforcement sources estimate victims in the United States have lost billions of dollars to these scams and other virtual currency investment frauds. “This scam has impacted far too many Americans,…

Hundreds of thousands trafficked into cyber scamming in Southeast Asia, UN says
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Hundreds of thousands trafficked into cyber scamming in Southeast Asia, UN says

ByEyes on Trafficking News

More than 200,000 people are being forced to carry out cyber scams in Southeast Asia, the United Nations estimates. A report published Tuesday by the Office of the High Commissioner for Human Rights documents the monumental scale of trafficking into an illicit industry that took off following the pandemic and shows no sign of slowing…

UN report links SE Asia crypto scams to human trafficking
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UN report links SE Asia crypto scams to human trafficking

ByEyes on Trafficking News

A recent UN report reveals hundreds of thousands of vulnerable migrants have been forced to participate in online scams. It confirms allegations made in a previous FBI report. The new report by the United Nations Human Rights Office has exposed the full scale of horrific human rights abuses taking place inside Southeast Asia’s shadowy network of…

Human trafficking picks a new fight | WORLD – WNG.org
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Human trafficking picks a new fight | WORLD – WNG.org

ByEyes on Trafficking News

MYRNA BROWN, HOST: It’s Thursday, the 9th of February, 2023. Thanks for listening to WORLD Radio today! Good morning, I’m Myrna Brown. MARY REICHARD, HOST: And I’m Mary Reichard. First up on The World and Everything in It: human trafficking. Estimates are that more than 27 million people endure forced labor around the world. To…

The Hidden Abuse Behind Those Spam Texts You're Getting – Slate Magazine
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The Hidden Abuse Behind Those Spam Texts You're Getting – Slate Magazine

ByEyes on Trafficking News

Editor’s note: PLEASE TELL YOUR PARENTS OR ELDERLY PERSONS YOU KNOW. Their savings might be at risk. Better to be safe and get educated about these types of scams. “Pig-butchering” online scams have grown from continued poverty and corruption. And they prey on our vulnerabilities. This specific type of labor trafficking essentially creates a Ponzi…

Inside the 'pig-butchering' scams seeing thousands trafficked into cyber slavery – ABC News
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Inside the 'pig-butchering' scams seeing thousands trafficked into cyber slavery – ABC News

ByEyes on Trafficking News

Editor’s note: PLEASE TELL YOUR PARENTS OR ELDERLY PERSONS YOU KNOW. Their savings might be at risk. Better to be safe and get educated about these types of scams. “Pig-butchering” online scams have grown from continued poverty and corruption. And they prey on our vulnerabilities. This specific type of labor trafficking essentially creates a Ponzi…

Human Trafficking’s Newest Abuse: Forcing Victims Into Cyberscamming
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Human Trafficking’s Newest Abuse: Forcing Victims Into Cyberscamming

ByEyes on Trafficking News

Editor’s note: PLEASE TELL YOUR PARENTS OR ELDERLY PERSONS YOU KNOW. Their savings might be at risk. Better to be safe and get educated about these types of scams. “Pig-butchering” online scams have grown from continued poverty and corruption. And they prey on our vulnerabilities. This specific type of labor trafficking essentially creates a Ponzi…