📋 'Pig Butchering’ Scams Lure Victims Into Fake Investments (AARP Article)

Content starts here

CLOSE ×

AARP Membership — $15 for your first year when you sign up for Automatic Renewal

Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine.

Join Now

Renew Now

You're this close to getting so much more ...

Get access to this and all Members-Only discussions, plus a world of member Benefits when you Join AARP!

Become an AARP Member for $12 Already a member? Login >

Members Only

My Settings Guidelines

📋 'Pig Butchering’ Scams Lure Victims Into Fake Investments (AARP Article)

FROM THE ARTICLE: Scammers Use Financial Grooming, known as ‘Pig Butchering,’ to Steal Victims’ Savings.

The terrible term describes a key tactic for criminals perpetrating investment and romance scams.

By Ken Budd, AARP.

*** There are 2 Comments on the AARP website. Stop by to add yours. ***

Published February 14, 2025.

Her name, she said, was Jessie. Dennis Jones, 82, met her on Facebook. The divorced, beloved grandfather and father had chatted online with Jessie for months, and he felt close to her, even though they’d never met. On a family vacation, he revealed to his son and daughter that he was exploring a major cryptocurrency investment opportunity. But the investment, and the friendship, were frauds. Jones invested his life savings — and Jessie still pressed him for more money. He was financially ruined. Soon after, a distraught Jones ended his life.

“There wasn’t enough [money left] even to pay for his headstone,” Jones’s daughter Laura said on a recent episode of the AARP podcast The Perfect Scam.

USE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/money/scams-fraud/what-are-pig-butchering-scams/