Federal prosecutors have seized $15 billion from the alleged kingpin of an operation that used imprisoned laborers to trick unsuspecting people into making investments in phony funds, often after spending months faking romantic relationships with the victims.
Such “pig butchering” scams have operated for years. They typically work when members of the operation initiate conversations with people on social media and then spend months messaging them. Often, the scammers pose as attractive individuals who feign romantic interest for the victim.
Forced labor, phone farms, and human suffering
Eventually, conversations turn to phony investment funds with the end goal of convincing the victim to transfer large amounts of bitcoin. In many cases, the scammers are trafficked and held against their will in compounds surrounded by fences and barbed wire.
