SCARS Institute's Encyclopedia of Scams™ RomanceScamsNOW.com Published Continuously for 25 Years

SCARS Institute’s Encyclopedia of Scams™ Published Continuously for 25 Years

In 2025 the SCARS Institute will enter its 11th year of Supporting Scam Victims Worldwide. Please let us know how we can better help you? Thank you for supporting our organization. SCARS Institute © 2024 www.AgainstScams.org

Fake Kevin O’Leary Pig Butchering Scam

An Example of Celebrity Impersonators Lure in Victims to Crypto Investment Scams

How Scams Work – A SCARS Institute Insight

Author:
•  SCARS Institute Encyclopedia of Scams Editorial Team – Society of Citizens Against Relationship Scams Inc.

Article Abstract

We were recently contacted by a Fake Kevin O’Leary about a cryptocurrency investment. Of course, it was a Pig Butchering Scam.

Fake Kevin O'Leary Pig Butchering Scam - 2024 - on SCARS Institute Encyclopedia of Scams

A Fake Kevin O’Leary Pig Butchering Scam – Another Celebrity Impersonation Luring in Scam Victims

We were recently contacted by “Kevin O’Leary” on LinkedIn, to congratulate our Managing Director for an accomplishment,

a “Kevin O’Leary” asked to connect on Telegram, so we did.

He immediately moved to the topic of Crypto Investing. Obviously, this was an impersonation, it was a scam but this was an opportunity to hear the pitch.

A Pig Butchering Scam

A pig butchering scam is a sophisticated and manipulative fraud technique where victims are “fattened up” over time before being financially exploited. The scam typically begins with scammers posing as friendly or romantic connections, often through social media, dating apps, or messaging platforms. They invest weeks or months building trust and emotional bonds with the victim, sharing stories and creating a false sense of intimacy. Once trust is established, the scammer introduces the victim to a seemingly lucrative investment opportunity, such as cryptocurrency or foreign exchange trading. These schemes are carefully designed to appear legitimate, often involving fake websites or apps that show fabricated profits. Victims are encouraged to invest increasingly large sums, only to discover that their money is irretrievably lost when the scammer vanishes. The name “pig butchering” comes from the analogy of “fattening” the victim with trust and promises before “slaughtering” them financially.

Here is what we were told by ‘Kevin O’Leary’:

Kevin O’Leary: I’m excited to connect with some of my amazing followers here. Vehicles are not really my kind of view, but it’s definitely a profiting experience I imagine. I’m curious, are you familiar with the digital asset space? Let’s share our experiences and insights!

SCARS REPLY: Can I ask something about shark tank? do you think that the anti Trump politics is gonna have an impact on that show?

Kevin O’Leary: The anti-Trump political climate is unlikely to have a direct impact on Shark Tank, as the show focuses on entrepreneurship and generally avoids political themes, appealing to a broad audience. However, if cast members or producers publicly take strong political stances, it could influence viewership depending on audience reactions. I, for instance, has been vocal on certain political topics, but the show’s core premise of supporting innovation and business likely keeps it insulated from significant political fallout.

Kevin O’Leary: When I say digital assets I’m referring to crypto and blockchain technology generally.
There are actually a lot of opportunities in the digital space at this moment. This is one of the best times to be focused on building a legacy, earning money from our passion, and utilizing the opportunities presented.

Kevin O’Leary: Are you opened to new opportunities?

Kevin O’Leary: Well I’m currently involved in an innovation crypto investment program within the digital space that has really been successful. This initiative serves as a platform for both learning and expansion, requiring an initial investment capital for potential weekly or monthly returns. It operates through our affiliate trade Broker that aligns seamlessly with our overall strategy. It’s basically a learn and earn setup where you get access to toptier traders from around the world, sharing live market insights and placing high leverage trades. The key is having the right tools, the right knowledge, and the right team. This is what separates the winners from the losers.
The community has been benefiting from this program.
If you’re serious about crypto, this is the kind of thing you want to get involved in. It’s about making informed decisions. I highly recommend this if you’re looking to start investing in crypto with minimal risk involved.

SCARS: Do you have the links?

Kevin O’Leary: Yeah sure ! Predicting future market trends is challenging, even for seasoned experts. That’s why it’s crucial to stay informed, diversify investments, and make well-considered financial decisions. This program is designed to align with these principles, making it an excellent fit for every investment strategy.
The platform we utilize offers a unique feature: each user receives a connection key that allows them to link directly to trading terminals. I currently manage a terminal on the platform, focusing primarily on cryptocurrency trades. Our system is designed to identify and execute the most promising trades based on your account’s capital size, ensuring optimal performance.

Kevin O’Leary: By connecting your account to the terminal, you’ll benefit from the trades executed daily on our terminal. ThThis guarantees a wining rate of 88% . Our model operates on a performance-based fee structure, with a 5% commission on profits earned. There are no advisory fees, ensuring that we are aligned with your success.

Kevin O’Leary: This approach allows you to take part in a dynamic and potentially profitable market, backed by expert trading strategies and a focus on transparency and performance. Once you sign up and make a deposit, we can proceed to connect your trade account to the terminal. To get started, sign up for an account on the trading platform we utilize that’s compatible with our strategies. Https://TrustTradeFin.io/

This shows how professional they have become. Of course, this was a script the scammer was following, not written in the moment.

It is so important not to take any investment advice from someone online no matter who you think they are. The real Kevin O’Leary would never give investment advice online like this because of regulations and liability.

We have had the LinkedIn profile removed.

Here are the screenshots:

Kevin O'Leary Pig Butchering Scam
Kevin O'Leary Pig Butchering Scam
Kevin O'Leary Pig Butchering Scam
Kevin O'Leary Pig Butchering Scam
Kevin O'Leary Pig Butchering Scam

For the website we were provided, we contacted the web hosting company and had the site taken down,

Kevin O'Leary Pig Butchering Scam

-/ 30 /-

What do you think about this?
Please share your thoughts in a comment below!

Article Rating

0
(0)

Table of Contents

ARTICLE CATEGORIES

POPULAR ARTICLES

Rapid Report Scammers

SCARS-CDN-REPORT-SCAMEMRS-HERE

Visit SCARS www.Anyscam.com

Quick Reporting

  • Valid Emails Only

  • This field is hidden when viewing the form
    Valid Phone Numbers Only

Subscribe & New Item Updates

In the U.S. & Canada

U.S. & Canada Suicide Lifeline 988

U.S. & Canada Suicide Lifeline 988

RATE THIS ARTICLE?

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

LEAVE A COMMENT?

Your comments help the SCARS Institute better understand all scam victim/survivor experiences and improve our services and processes. Thank you


Thank you for your comment. You may receive an email to follow up. We never share your data with marketers.

Recent Comments
On Other Articles

Important Information for New Scam Victims

If you are looking for local trauma counselors please visit counseling.AgainstScams.org or join SCARS for our counseling/therapy benefit: membership.AgainstScams.org

If you need to speak with someone now, you can dial 988 or find phone numbers for crisis hotlines all around the world here: www.opencounseling.com/suicide-hotlines

A Note About Labeling!

We often use the term ‘scam victim’ in our articles, but this is a convenience to help those searching for information in search engines like Google. It is just a convenience and has no deeper meaning. If you have come through such an experience, YOU are a Survivor! It was not your fault. You are not alone! Axios!

A Question of Trust

At the SCARS Institute, we invite you to do your own research on the topics we speak about and publish, Our team investigates the subject being discussed, especially when it comes to understanding the scam victims-survivors experience. You can do Google searches but in many cases, you will have to wade through scientific papers and studies. However, remember that biases and perspectives matter and influence the outcome. Regardless, we encourage you to explore these topics as thoroughly as you can for your own awareness.

Statement About Victim Blaming

Some of our articles discuss various aspects of victims. This is both about better understanding victims (the science of victimology) and their behaviors and psychology. This helps us to educate victims/survivors about why these crimes happened and to not blame themselves, better develop recovery programs, and to help victims avoid scams in the future. At times this may sound like blaming the victim, but it does not blame scam victims, we are simply explaining the hows and whys of the experience victims have.

These articles, about the Psychology of Scams or Victim Psychology – meaning that all humans have psychological or cognitive characteristics in common that can either be exploited or work against us – help us all to understand the unique challenges victims face before, during, and after scams, fraud, or cybercrimes. These sometimes talk about some of the vulnerabilities the scammers exploit. Victims rarely have control of them or are even aware of them, until something like a scam happens and then they can learn how their mind works and how to overcome these mechanisms.

Articles like these help victims and others understand these processes and how to help prevent them from being exploited again or to help them recover more easily by understanding their post-scam behaviors. Learn more about the Psychology of Scams at www.ScamPsychology.org

Psychology Disclaimer:

All articles about psychology and the human brain on this website are for information & education only

The information provided in this article is intended for educational and self-help purposes only and should not be construed as a substitute for professional therapy or counseling.

While any self-help techniques outlined herein may be beneficial for scam victims seeking to recover from their experience and move towards recovery, it is important to consult with a qualified mental health professional before initiating any course of action. Each individual’s experience and needs are unique, and what works for one person may not be suitable for another.

Additionally, any approach may not be appropriate for individuals with certain pre-existing mental health conditions or trauma histories. It is advisable to seek guidance from a licensed therapist or counselor who can provide personalized support, guidance, and treatment tailored to your specific needs.

If you are experiencing significant distress or emotional difficulties related to a scam or other traumatic event, please consult your doctor or mental health provider for appropriate care and support.

Also read our SCARS Institute Statement about Professional Care for Scam Victims – click here to go to our ScamsNOW.com website.

If you are in crisis, feeling desperate, or in despair please call 988 or your local crisis hotline.