We’ve been hearing a lot about pig butchering, but hadn’t found a great example until we lucked onto Shreya Datta’s story. In this episode we learn about pig butchering from Shreya who was swindled out of more than $450,000 through an elaborate investment scheme where she won like crazy until she lost everything.
Many of these pig butchering scams revolve around a kind of charisma bombing hitched to a con where the illusion of money multiplying emboldens the target to make riskier bets. Often based solidly in the storied tradition of romance scams, pig butchering operates in equal parts on bogusly earned trust and good old-fashioned, early-retirement dreams of serious lucre.
Find out how the scam that got Shreya worked, and what you can do to avoid a similar outcome.
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