Building A Digital Defense Against A New Romance + Cryptocurrency ScamScam A Scam is a confidence trick - a crime - is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. Called “Pig Butchering”
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The Pig Butchering scamPig Butchering Sha Zhu Pan 殺主盤 “Pig Butchering” This is a scam type that originated in China involving the scammer developing a relationship with the victim - sometimes romantic sometimes not - and leading the victim to invest in a fake company or asset. These typically target smart younger women. pulls on heartstrings and purse strings, and it is much easier to execute than regular emergency-based romance scamsScams A Scam is a confidence trick - a crime - is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost.!
The fraudFraud In law, fraud is intentional deception to secure unfair or unlawful gain (money or other assets), or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. A fraud can also be a hoax, which is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victim. is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money. The original Chinese name: Sha Zhu PanSha Zhu Pan Sha Zhu Pan 殺主盤 “Pig Butchering” This is a scam type that originated in China involving the scammer developing a relationship with the victim - sometimes romantic sometimes not - and leading the victim to invest in a fake company or asset. These typically target smart younger women. 殺主盤
It’s run by a large number of organized fraud rings focused on cryptocurrency scams that mine dating appsApps Applications or Apps
An application (software), commonly referred to as an ‘app’ is a program on a computer, tablet, mobile phone or device. Apps are designed for specific tasks, including checking the weather, accessing the internet, looking at photos, playing media, mobile banking, etc.
Many apps can access the internet if needed and can be downloaded (used) either for a price or for free.
Apps are a major point of vulnerability on all devices. Some are designed to be malicious, such as logging keystrokes or activity, and others can even transport malware.
Always be careful about any app you are thinking about installing. and other social media for victims.
And the scam is becoming alarmingly popular.
In 2021, the FBI’s Internet Crime Complaint Center received more than 4,300 complaints related to crypto-romance scams, resulting in more than $429 million in losses. But remember that these numbers are ridiculously low since less than 3% of victims report these crimes.
The scam started in China in late 2019, but, as those numbers indicate, it’s now becoming more prevalent in the United States and everywhere else. Scammers (in China) are using translation programs to communicate seamlessly with their victims.
Victims have very similar stories:
Meeting someone on a dating app or social media, the scammerScammer A Scammer or Fraudster is someone that engages in deception to obtain money or achieve another objective. They are criminals that attempt to deceive a victim into sending more or performing some other activity that benefits the scammer. gains the confidence and trust of the victim, and then claims to have knowledge of cryptocurrency investment or trading opportunities that will result in substantial profits. The victim is then directed to transfer large amounts of cryptocurrency from the exchange account to cryptocurrency wallets controlled by fraudsters, ultimately losing it all.
Here’s how to protect yourself:
- Never send money, trade, or invest based on the advice of someone you have only met online.
- Don’t talk about your current financial status to unknown and untrusted people.
- Don’t provide your banking information, Social Security Number, copies of your identification or passport, or any other sensitive information to anyone online or to a site you do not know is legitimate.
- If an online investment or trading site is promoting unbelievable profits, it is most likely that—unbelievable.
- Be cautious of individuals who claim to have exclusive investment opportunities and urge you to act fast.
If you are the victim of any online fraud, you should report the incident to the FTCFTC The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection. The FTC can also act as a clearinghouse for criminal reports sent to other agencies for investigation and prosecution. To learn more visit www.FTC.gov or to report fraud visit ReportFraud.FTC.gov at https://reportfraud.ftc.gov/#/?orgcode=SCARS and on www.Anyscam.com, and optionally to the FBI – however, first report it to your local policeLocal Police The Local Police is your first responder in most countries. In most English-speaking countries and in Europe report to them first. In other countries look for your national cybercrime police units to report scams to. In the U.S., Canada, & Australia, you must report to the local police first. – that police report number is essential when communicating with financial institutions.
Why Is This Scam Really Called “Butchering The Pig?”
WARNING: SCAM VICTIM TRIGGERTRIGGERS A trigger is a stimulus that sets off a memory of a trauma or a specific portion of a traumatic experience. ALERT
THE FOLLOWING IS NOT FOR NEW VICTIMS
This scam is called “Butchering the Pig” or Pig Butchering because targets are engaged daily for several months before large amounts of money are sent to the scammers; in other words, it is like fattening up a pig before the slaughter.
- The scammers, using a profile of an attractive (usually) Asian man or woman (but more and more, they are of any race and they are coming from any country), lead the target (the pig) through carefully scripted conversations. The interim goal is to develop a trusting relationship – friendship or romance.
- The scammer suggests that the victim can make a little money, just like they did. Once the target has sent an initial “investment” deposit, the account will show impressive gains. Sometimes the scammer will allow the target to withdraw a small amount of money to prove its legitimacy.
- The target is then encouraged to send further funds to maximize this investment opportunity – even borrow money from family & friends, take out loans – whatever they have to do to take full advantage of “this opportunity” to become rich.
- Once the scammers have the larger amount it typically ends. The scammers cut off all communication, leaving the target without their money or their “profits” or even really knowing what happened.
- Unlike regular romance scams, where the victim ends the scam, here the scammers do it by taking the money and just running!
What makes this scam so insidious and so successful is that while the amounts that are stolen usually range between USD$10,000 and $2,000,000+, the sheer number of scams occurring is overwhelming. We have seen cases, such as one prominent lawyer who lost more than $5 million on this scam. He eventually decided not to pursue his claims because he feared the publicity would destroy his legal practice.
Unlike regular romance scams where the victim’s trust is the limit of the losses, in this case, there are no red flags to see, so people invest vast amounts of money. SCARS estimates that the average loss in a Pig Butchering scam is above $50,000.00
Between January and July of 2021, the FBI alone received nearly 2,000 complaints of cryptocurrency-focused Sha Zhu Pan scams and there is little doubt the number is considerably higher since only about 1-3% of victims report these scams.
Some claim that the police in China don’t really care because they have more important things to do and they are not all that fond of Americans and Europeans. However, this is yet another Urban LegendUrban Legend Urban Legend An urban legend, urban myth, urban tale, or contemporary legend is a genre of modern folklore comprising stories circulated as true, especially on social media. These legends can be entertaining but often concern serious topics. They may also be confirmation of moral standards, or reflect prejudices, or be a way to make sense of societal anxieties. Urban legends are most often circulated orally but can be spread by any media, including newspapers, mobile news apps, e-mail, and social media. Some urban legends have passed through the years with only minor changes and seem impervious to exposure as untrue. from amateur anti-scammers. The reality is the Chinese lead the world in scammer arrests – they care very much about these crimes as a national issue of pride (source: SCARS|CHINA.)
However, the Chinese scammers operating throughout Asia (such as Bhutan, Cambodia, China, Hong Kong & Macau, South Korea, and elsewhere) especially target those of Chinese ethnicity, who have made up a good portion of the victims until now. But this is changing as the Africans, Latin Americans, Philippines, Russians & Eastern Europeans, are all getting in on this game!
Learn More About These Crimes:
- Sha Zhu Pan 殺主盤 Pig Butchering Romance/Investment Scams – Overview
- The Pig Butchering Scam – The New Romance & Investment Scam Combination Sweeping The World
- Pig-Butchering Scam / Sha Zhu Pan – Training Manuals
- 2022 Scam Update – A Podcast With Dr. Tim McGuinness And Debby Montgomery Johnson
- Reporting Chinese Scammers To China
- SCARS Explains Scams: Sha Zhu Pan 殺主盤 Pig Butchering Romance/Investment Scams [YouTube]
Essential Tools For Every Scam SurvivorSurvivor A Scam Survivor is a victim who has been able to fully accept the reality of their situation. That they were the victim of a crime and are not to blame. They are working on their emotional recovery and reduction of any trauma either on their own, through a qualified support organization, or through counseling or therapy. And has done their duty and reported the crime to their local police, national police, and on Anyscam.com From SCARS Publishing
Each is based on our SCARS Team’s 32 plus years of experience.
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SCARS GREEN BOOK
Self-Help Self-Paced Recovery Program Guide
LEARN HOW TO RECOVER ON YOUR OWN
This program is designed to help scam victims struggling to recover on their own and for those who want to understand the overall process. You can be using other resources, such as traumaTrauma Emotional and psychological trauma is the result of extraordinarily stressful events that shatter your sense of security, making you feel helpless in a dangerous world. Psychological trauma can leave you struggling with upsetting emotions, memories, and anxiety that won’t go away. It can also leave you feeling numb, disconnected, and unable to trust other people. Traumatic experiences often involve a threat to life or safety or other emotional shocks, but any situation that leaves you feeling overwhelmed and isolated can result in trauma, even if it doesn’t involve physical harm. It’s not the objective circumstances that determine whether an event is traumatic, but your subjective emotional experience of the event. The more frightened and helpless you feel, the more likely you are to be traumatized. Trauma requires treatment, either through counseling or therapy or through trauma-oriented support programs, such as those offered by SCARS. counselingCounseling Counseling is the professional guidance of the individual by utilizing psychological methods especially in collecting case history data, using various techniques of the personal interview, and testing interests and aptitudes. A mental health counselor (MHC), or counselor, is a person who works with individuals and groups to promote optimum mental and emotional health. Such persons may help individuals deal with issues associated with addiction and substance abuse; family, parenting, and marital problems; stress management; self-esteem; and aging. They may also work with "Social Workers", "Psychiatrists", and "Psychologists". SCARS does not provide mental health counseling. or therapy, qualified support groupsSupport Groups In a support group, members provide each other with various types of help, usually nonprofessional and nonmaterial, for a particular shared, usually burdensome, characteristic, such as romance scams. Members with the same issues can come together for sharing coping strategies, to feel more empowered and for a sense of community. The help may take the form of providing and evaluating relevant information, relating personal experiences, listening to and accepting others' experiences, providing sympathetic understanding and establishing social networks. A support group may also work to inform the public or engage in advocacy. They can be supervised or not. SCARS support groups are moderated by the SCARS Team and or volunteers., or completely independent – on your own!
The SCARS Steps program is a complete program and is provided for the purpose of helping scam victims to overcome this experience. Throughout this SCARS Steps Program, we speak about issues and challenges that a victim may have and help guide them through their recovery. But each person is different and it is important to understand your own reasons for being vulnerable to being scammed.
After the trauma of being scammed, you need to take steps to recover and move on. This may be an alternative to counseling in the short term, but we still encourage you to seek out professional help & support. Throughout this SCARS Steps Program, we speak about issues, challenges, defects, or problems that a victim may have in a generalized way.
The SCARS GREEN BOOK will help you recover from your scam offline and it will always be there when you need it!
SCARS SLATE BOOK – Let Us Explain What Happened!
A Guide For Families & Friends Of Scam Victims
HOW TO HELP ROMANCE SCAM VICTIMS FOR FAMILIES & FRIENDS OF SCAM VICTIMS
This SCARS Publishing book represents a complete guide to help the families and friends understand how these scams work and how to help the victim.
The SCARS Slate Book should be purchased by family and friends to better understand what happened to the victim and the traumatic impact on them. But it can also be shared by the victim so that they do not have to explain to family and friends about the scam. This publication is to help others to help Scam Victims to make it through this traumatic experience and recover.
Each person is different and it is important to understand how relationship scamsRelationship Scam A Relationship Scam is a one-to-one criminal act that involves a trust relationship and uses deception & manipulation to get a victim to give to the criminal something of value, such as money! Click here to learn more: What Is A Relationship Scam? work and why people are vulnerable; to being scammed, how they were lured in, then groomed and manipulated. This understanding is essential in helping them through the process of ending the scam and then on to recovery. The SCARS Slate Book will provide the information necessary to help support a victim through this process.
SCARS RED BOOK
Your Personal Scam Evidence & Crime Record Organizer
ORGANIZE YOUR INFORMATION TO MAKE THE REPORTING PROCESS SIMPLE!
Helps you get and stay organized. This publication is to help Scam Victims organize their crime information. Complete this information before reporting to the police then bring this book with you
Before or after reporting to the police the RED BOOK gives you a dedicated tool to record all the essential facts of this crime. The Victim, the Scammers, the Money, and your Police interactions. Everything that really matters can be easily recorded for your immediate use and for the future!
As we have seen, money recovery/repayment programs can become available years after the scam ends and you need to keep all the details of this crime in case it is needed. We have also seen scammers being extradited to the U.S. and other countries, this will help in the event you testify or give statements, Additionally, this helps you have your information ready to qualify for victims’ benefits, compensation, or aid.
The Official SCARS RED BOOK is your way of recording all the important facts of this crime so that you do not lose essential information, Complete the RED BOOK then put it away with the confidence that you will have it if or when it is needed.
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