No actual pigs are harmed.
It’s a distasteful name for a distasteful practice.
Pig-butchering scams are commonplace and seem to be increasing in frequency. I don’t want you to fall victim to it.
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Pig-butchering scams
Pig-butchering scams are long-term cons where scammers build trust over time before defrauding victims with significant financial loss. These scams have increased with technology’s use. Key red flags include moving conversations to private channels, refusal to meet, and requests for money, often under emotional pretense. Always be cautious with money, especially with people you’ve never met.
It’s a long con
A “long con” (long confidence) game or scam, as its name implies, takes place over a lengthy period of time. The scammers go to sometimes great lengths to build trust before finally scamming the unsuspecting victim.
It’s common for thousands of dollars to be lost.
Long cons aren’t anything new, but the widespread use of technology in its various forms has increased their frequency. In addition, the complexity of some technologies, coupled with our innate desire to be nice to people1, puts more and more people at risk every day.
The term’s relevance is simple: the scammers spend some time “fattening the pig” before “butchering” it as they run off with the money at the end of the scam.
Example: the romance scam
You sign up for a dating site. Eventually, you’re contacted by someone expressing an interest in getting to know more about you.
They suggest you move your conversation to somewhere more private — perhaps one of the more secure chat services hosted outside the dating platform.
They point you at their social media and perhaps other places where they and their work are visible for you to examine.
At some point, you’d like to meet in person, of course. They’re eager to do so, but their life is complicated, so scheduling something is difficult. You continue your online conversation and seem to be hitting it off! You really, really like one another.
But life keeps getting in the way of meeting.
Then, your wanna-be paramour has a life event of some sort: something they can’t afford. Could you possibly help them out? Of course! What else could you do? This could be The One, and you don’t want to disappoint them.
So you send them some money. Perhaps multiple times. Perhaps quite a bit of money. Until your suspicions are raised to a point where you start to object — at which point they ghost you. They — and your money — are gone.
Red flags
Writing it up like that makes it seem obvious, and yet it isn’t while it’s happening. Particularly when emotions are involved and time and effort have been invested, it’s difficult to admit to yourself that perhaps you’ve fallen for something.
In the scenario above, there are some red flags that should always raise concern.
- Moving to private channels. They’ll say it’s for your security while in reality, it’s for the scammer’s. It removes them from whatever platform or technique they’re using to ensnare their victims, which are typically easier to track and trace.
- Never being able to meet in person. Life can be busy, but never that busy if someone’s truly interested in a real relationship.
- Unexpected expenses. They usually start small — something simple — but as your confidence and investment in the relationship grows, requests begin to increase. They often rely on a heavy dose of guilt should you begin to object.
There are other red flags that aren’t included above, of course. Any mention of cryptocurrency or gift cards is of concern; and relationships that begin when a person completely unknown to you shows up out of the blue should also be seen as suspect (i.e., an unknown person begins texting, emailing, or using social media platforms to contact you).2
Do this
It’s more than romance, of course. The scenario above is just an example. These types of long cons come in a variety of situations designed to take advantage of the unsuspecting.
If there’s one specific takeaway, I would have it be this: Always be extremely cautious when giving money to someone you’ve never met.
If that breaks up a potential romance, it was never meant to be anyway.
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I get a lot of comments from women on Facebook who praise my posts and want me to send them a friend request. Or I get friend requests from people I don’t know. They are always some kind of scam. I mark those comments as spam and report people who send fake friend requests. Those are potential long cons.
John Oliver did a segment on Pig Butchering
Re: “If there’s one specific takeaway, it (sic) would have it be this: Always be extremely cautious when giving money to someone you’ve never met.”
How about, “Never give money to someone you’ve never met.”?
That would put me out of business.
I’ve been hired for jobs by people I’ve never met. One was a college teaching position. The other was by a website you may have heard of: Ask Leo!
I’ve actually only met 2 of my 4 assistants.
Then we are supposed to turn down all online employment offers as potential scams? I mean, what the hey…?!?
Of course not. As I said, I got hired by Leo and a university teaching job without having met my employers. Just be careful and vet all offers and requests, and don’t send money to people you’ve only met online unless you’ve thoroughly vetted them. This is a very common scam especially on dating sites. I’d say never, under any circumstances, send money to people you’ve met on a dating site, no matter how much they make you feel sorry for them.
When it comes to social media, I’m always cautious/suspicious about friend requests from anyone I don’t already know, even if we have one or more mutual friends. I friend people and family members I know in the real world, so we can keep in touch more easily. I don’t use social media to meet new people, I use it to maintain contact with those I care about and with whom I share common interests. Friends of friends don’t usually meet that criteria, and when they do, we become mutual friends aside from our common/shared friendships.
My approach to social media is probably an exercise in skepticism as well as being unique, but it may also serve to keep me safer from long-term scams than a more trusting approach.
My2Cents,
Ernie (Oldster)
Skepticism is probably our most important tool in the battle against scams and malware.
Ernie, I (another oldster) am not on social media, but your cautions seem to be right on the money for those who are.
Thanks!
Lee
Leo: I’m curious about why it’s called “pig butchering.” Do you know the etymology for this term? Dave
Only that they’re fattening up the prospects before scamming them.
I heard a new scam today. Someone called about delivering a package. They wanted an address and other information to prove it was for the recipient. They asked for the credit card used to make the purchase! Additionally, I remind people when called from an unknown number and asked if was , never reply YES. Scammers have recorded the answer and placed a charge against the recipient. The proof that the recipient made the order was the word YES patched into a faked conversation.
Who comes up with these names and why do they ‘stick’
The nomenclature in the IT world s rather interesting.
I was told the term was originally coined on Chinese social media. The scam was particularly bad among older men looking for companionship online, though it didn’t remain a problem specific to the Chinese internet, sad to say.
At one point i would say speaking when asked my name. Now I don’t answer the phone, let answer machine or mail box take it. Most of the time no message.
Pig Butchering, is a cruel and pernicious scam that preys on the emotions of lonely older men to get their money. A particularly evil form of the scam is to feign falling in love with the victim,”fate brought us together” and convince the victim that they just want to share a lucrative investment with him. They, the woman and an “aunt” who impersonates a famous investment guru, lead you to a lucrative cryptocurrency investment to “fatten you up” and gain your confidence. The aunt then offers you an opportunity with profits even greater that you “can’t afford not to do.” She leads you to put money into a trading exchange that trades in high risk futures and spoon-feeds you trades supposedly researched by experts. They are all successful and multiply your profits 5x. Then you reach a point that she says you need to put even more money in for a great opportunity, which she knows is beyond your means, so she tells you it is time to take your money out and go home. The only problem is that the trading exchange trumps up a story that your trades were suspicious and you must pay 35% of the account value as a “risk premium” to ransom your funds. As it turns out, the trades were all faked anyway and they just try to extort more deposits from you. They keep coming at you until you give up and they walk away with all your money and the fake trading website platform disappears. The victim is fully butchered, his heart cut out, his bank account drained, and slinks away ashamed and demoralized. It is a form of murder.
That’s one kind of pig butchering. There are many others.
a) it’s not just men, there are similar scams targeting women.
b) dating/love is only one form of the scam. There are many others.
The common theme is that they invest a long time establishing a friendly “relationship” with you, and then start to plea for money, or share some wonderful “opportunity”.
This ‘pig butchering’ thread is very interesting for me. I’m pretty sure I was scammed by this procedure back in 2017-2018. I saw an advert on-line (I think IIRC) for automated trading in crypto and FOREX offering a new way to profit from ‘the markets’. From what I thought was my knowledge of IT (limited as it turned out), I went for it. Of course, with 20:20 hindsight, it was the old saying that if it sounds to good to be true, then it is! I ended up with a ‘handler’ who tried to educate me in trading on a trading website which looked very authentic. The pitch was the more you ‘invest’ the bigger your profits. And of course I went for it. Borrowed £40k, put the lot in and profits flowed with my handler’s advice. I was making enough to be able to make the monthly interest payments on my £40k loans. I was learning – until one day when trying my hand alone, I made a mistake and a trading position I had taken just liquidated, vanished more or less instantly. No money left. End of. In retrospect and having read the comments here I now believe I was ‘fattened’ and then ‘butchered’ although at the time it didn’t feel like a scam – I was successful and it was my fault that my money vanished. However I was fortunate in having access to enough family funds to pay off the bank loans.