TAMPA, Fla. - Victims young and old are falling for a get-rich-quick cryptocurrency scam that investigators are calling "pig slaughtering." According to authorities, scammers fatten up their victims, getting as much as they can from them, before disappearing and often taking the victim's life savings with them.
Investigators have said the scam usually starts with a call, text or message through a social media platform. The stranger builds trust with the victim before bringing up cryptocurrency and introducing them to an investment platform that someone the victim knows has been using with high-yielding results.
The victims then invest money into these websites, sometimes dropping their life savings, all with the hopes of the same promising return.
It’s exactly what happened to Lorena Brunson, a South Tampa bakery owner who found herself in a pinch and needed money. Her son had been investing in cryptocurrency through a website he was introduced to on Instagram. He’d seen his...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...