3 California residents arrested in reported ‘pig butchering’ investment schemes totaling $13 million https://t.co/oZzMoDccsl
3 L.A. County residents arrested in reported $13 million ‘pig butchering’ investment schemes https://t.co/xpvkuHWgUn
Chinese nationals took $13M in ‘pig butchering’ scam: DOJ https://t.co/3okYgBS4Ee https://t.co/l5yLsqBd8H
Authorities in Virginia have seized $1.4 million in cryptocurrency linked to a 'pig butchering scam,' a fraudulent scheme where criminals gain the trust of victims to convince them to invest money before disappearing. A resident lost the same amount, $1.4 million, in this scam. Additionally, three residents of Los Angeles County have been arrested in connection with a broader investigation into similar schemes that have reportedly defrauded victims of $13 million. The U.S. Department of Justice has indicated that Chinese nationals are involved in these scams, which have been a growing concern for law enforcement.