Crypto
New ‘Pig Butchering’ Scam Targets Bergen County Residents, Prosecutors Say
He said the Financial Crimes Unit is hard at work tracking the fraudsters, shutting down their websites, and hoping to bring them to justice.
There are various types of “pig butchering” scams, according to the federal government. They slowly play on the investor’s emotions and hopes.
“It is a type of confidence and investment fraud in which the victim is gradually lured into making increasing monetary contributions, generally in the form of cryptocurrency,” says the Office of Inspector General’s website, “to a seemingly sound investment before the scammer disappears with the contributed monies.”
If you are a victim of a scam, Becker said, contact your local police department. More information about that is here.
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