The U.S. Department of Justice (DoJ) has charged two arrested Chinese nationals for allegedly orchestrating a pig butchering scam that laundered at least $73 million from victims through shell companies. The individuals, Daren Li, 41, and Yicheng Zhang, 38, were arrested in Atlanta and Los Angeles on April 12 and May 16, respectively. The foreign nationals have been "charged … [Read more...] about Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam
butchering
How to protect yourself from the pig butchering scam
Today, we’re discussing the increasingly common scam known as pig butchering. Due to its high profitability, this scheme is rapidly gaining popularity among fraudsters, and the number of victims is constantly growing. What is it? How does it work? And how can you protect yourself? We’ll cover it all in today’s post. What is pig butchering and how does this scam work? Pig … [Read more...] about How to protect yourself from the pig butchering scam