Bacon Bits

“Pig butchering — a scam named after the practice of farmers fattening hogs before slaughter — often starts with what appears to be a wrong-number text message. People who respond are lured into crypto investments. But the investments are fake, and once victims send enough funds, the scammers disappear. As far-fetched as it sounds, victims routinely lose hundreds of thousands or even millions of dollars. One Kansas banker was charged this month with embezzling $47.1 million from his bank as part of a pig-butchering scam.” Bloomberg (Gift Article): Pig-Butchering Scams Net More Than $75 Billion, Study Finds.