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Organized crime has infiltrated online dating with sophisticated ‘pig-butchering’ scams

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theconversation.com

While we have been focused on the COVID-19 pandemic, vaccine mandates and related protests for much of the past two years, a wave of financial fraud has spread rapidly across Canada and around the world.

While not a deadly respiratory virus, this new approach to scamming has affected thousands of individuals globally, with victims defrauded of a record US$14 billion in 2021.

The Canadian Anti-Fraud Centre reported nearly $100 million stolen from victims in Canada alone in 2020 and 2021. The pig-butchering, or “sha zhu pan,” scam is a highly sophisticated form of romance and cryptocurrency investment scam.

Scammers — mainly working for Chinese organized crime gangs — pose as attractive professionals or entrepreneurs looking for true love.

Read more on theconversation.com
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