Close Call: Unraveling a Pig Butchering Scam

This episode of “Let’s Talk About Scams,” host Joyce Petrowski, founder of R.O.S.E. Resources/Outreach to Safeguard the Elderly, sits down with Steve, who shares his near-miss experience with a scam called "pig butchering", which lures victims with the promise of lucrative cryptocurrency investments. Explore the depths of the mechanics behind the "pig butchering" scam and how scammers exploit social media and personal connections to build trust before slaughtering your piggy bank and vanishing without a trace. Hear Steve's personal story, understand the sophisticated tactics used by scammers, and recognize the importance of skepticism and verification in the digital age.

Key Episode Takeaways

• The Nature of Pig Butchering Scams: A technique scammers use to build a relationship and trust before exploiting victims.
• Cryptocurrency as a Tool for Scammers: How scammers leverage the allure of cryptocurrency investments to manipulate potential victims.
• Importance of Skepticism and Verification: The critical need to verify information and maintain skepticism, especially when dealing with unexpected contacts or investment opportunities.
• Role of Emotions in Scams: How scammers manipulate emotions to cloud judgment and push their agenda.
• The Value of Reporting and Sharing: The importance of reporting scam attempts to authorities and sharing experiences to educate others.

Key Resources Mentioned

• FBI's Internet Crime Complaint Center (IC3) for reporting scams: https://www.ic3.gov/ 

Remember, knowledge is power—subscribe to "Let's Talk About Scams" podcast to stay updated on ways to safeguard your well-being against scams. Share what you've learned with your loved ones and stay vigilant. Stay safe and informed! Visit www.RoseAdvocacy.org for additional resources and newsletters to safeguard against scams.

Disclaimer: The information contained in this podcast is intended for informational purposes only and is not a substitute for individual professional/legal advice. The podcast information was carefully compiled from vetted sources and references; however, R.O.S.E. Resources/Outreach to Safeguard the Elderly cannot guarantee that you will not fall victim to a scam.