ASWO exposes rising global losses from pig slaughter fraud exceeding $1 trillion
In a recent study, Anti-Scam Worldwide Organization (ASWO) Reveals rising global losses from fraud, particularly pig slaughter fraud, exceeding $1 trillion. The organization’s research, which collected data from 48 countries, including Singapore, found that global fraud losses increased significantly by 15.7% compared to the previous year. This highlights the growing threat posed by online fraud. ASWO We serve by fostering collaboration between stakeholders, including policymakers, law enforcement, and cybersecurity experts. Their excellent service provides resources to help individuals verify the legitimacy of a website and detect potential scams.
The pig slaughter scam that began in China in 2019 has since spread throughout Southeast Asia, leaving a trail of financial ruin. Pig slaughter scams follow a carefully orchestrated playbook designed to deceive and manipulate victims over an extended period of time. Analyzing the development method, it is as follows.
initial contact – Scammers often initiate contact with potential victims online through social media platforms, dating apps, and text messages. They use tactics like sending “wrong number” texts or feigning romantic interest to build rapport and gain trust.
Building trust – Once a connection is established, the scammer invests time and effort into developing a relationship with the victim. They can shower them with affection, compliments, and promises of a prosperous future to create intimacy and dependence.
Cryptocurrency Introduction – Scammers use their trust to introduce cryptocurrency trading to their victims under the guise of lucrative investment opportunities. They promote insider knowledge, family connections, or special trading platforms to entice victims to make initial investments.
Fraudulent platform – Victims are directed to fraudulent trading platforms or apps controlled by scammers and encouraged to deposit larger amounts. The platform can simulate trading activity to create the illusion of profitability and entice victims to invest.
financial exploitation – As victims invest large sums of money, scammers use tactics to extract more funds, including fake fees, taxes, and withdrawal restrictions. Victims may be forced to borrow money from friends or family or liquidate assets to facilitate investments.
disappearance – Once the victim attempts to withdraw funds or reveal the fraud, the fraudster disappears without a trace, leaving the affected individual with enormous financial losses and little recourse for recovery.
As a result, the prevalence of pig slaughter scams highlights the importance of vigilance and awareness when navigating the digital environment. By arming yourself with knowledge, ASWO Helping individuals better protect themselves from becoming victims of fraudulent activity and mitigate the devastating consequences of financial exploitation. Through collaboration, education, and proactive action, organizations collectively combat online fraud and help create a safer environment for everyone.
About the Anti-Scam Worldwide Organization (ASWO):
Established in June 2021 Anti-Scam Worldwide Organization (ASWO) We have begun responding to the surge in ‘pig slaughter’ scams outside of China. Until October 2021, ASWO Investigative teams and media grew rapidly, helping various victims recover from their financial losses around the world. By 2023, the organization had matched victims with over $256 million. ASWO We aim to support victims and strive to expose scammers one complaint at a time.
“If you have been a victim of fraud, please report it to Anti-Scam Worldwide for a free consultation.”
For more information please visit: https://antiscamworldwide.org/
Disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
