Posted on 06/19/2023 1:38:05 PM PDT by libh8er
A recently divorced woman lost her entire 401(k) savings to a scammer she met on Tinder who convinced her to invest in cryptocurrency — the latest “pig butchering” scheme targeting lonely people.
Rebecca Holloway, 42, a mother-of-three, said she was swindled out of $100,000 by a scammer claiming to be a French entrepreneur named “Fred” after the two matched on Tinder in March, the Daily Mail reports.
She added: “Looking back, the signs are so obvious. But at the time you want to believe it’s real.”
The scam that hit Holloway is the latest example of “pig butchering,” a term that refers to a months-long scheme to “fatten up” victims with fake romance before “butchering” with fake investment advice. Holloway told the outlet that Fred urged her to invest in cryptocurrency as they grew closer in the wake of the latest crypto crash fall of Silicon Valley Bank.
The man eventually convinced her to invest all of her retirement funds.
“Single women approaching middle age are so vulnerable,” Holloway said about the incident. “We have money but we might not have met the right guy yet. And suddenly this good-looking man starts talking to you and you’re excited.”
(Excerpt) Read more at nypost.com ...
Single women approaching middle age are not vulnerable. Look at how many fell for Bill Clinton and would do it again?
“pig butchering,” a term that refers to a months-long scheme to “fatten up” victims with fake romance before “butchering” with fake investment advice.
Certainly not Pierre Delicto.
She's a real genius.
Vice and the South China Morning Post reported pig-butchering scams are run by criminal groups that operate out of centers in Laos, Myanmar, and Cambodia, with the crime syndicates luring in scores of employees with the promise of legitimate jobs.
The workers, however, are then brought into slavery to run the scams, with the callers given “sophisticated scripts” to target their victims.
Me neither. What I learned was.. victim is coaxed into buying crypto from a fake exchange. Fake statements are sent out showing a small increase in balance. At this point victim is allowed to withdraw everything. But the temptation is to buy even more, potentially using up all of his/her savings. Then WHAM !
Plus tax and penalty for early withdrawal!😂
Tinder ought to be unlawful everywhere. I just read of a school district in Colorado that is suing Tinder and other social media sites for harming young skulls full of mush.
I hope they win.
But this woman? Should she sue Tinder? I might be inclined to award her One Dollar.
Stupid should (and does) hurt.
gullible people should not have the right to vote ...
She’s not a bad looking 40-something woman but her decision making skills are flat-out bad.
Yup.
They spent all their youth effing around with bad boys and bad personal choices. And she selected another bad personal choice.
I don’t like anyone being scammed, but most stories are of guys being scammed by gold diggers.
For women the term is friendzoning, or just, regular dating.
Wonder what her ex must be thinking...
He’s laughing his rear off.
Total sexist comment follows:
Women are not only physically different, they are psychologically different.
IQ tests, as well as all the following show significant differences between men and women:
https://en.wikipedia.org/wiki/Raven%27s_Progressive_Matrices
https://en.wikipedia.org/wiki/Bem_Sex-Role_Inventory
https://en.wikipedia.org/wiki/Sensation_Seeking_Scale
https://en.wikipedia.org/wiki/Rosenberg_self-esteem_scale
https://en.wikipedia.org/wiki/Tennessee_Self-Concept_Scale
https://en.wikipedia.org/wiki/Purdue_Spatial_Visualization_Test:_Visualization_of_Rotations
https://en.wikipedia.org/wiki/Mental_Rotations_Test
My point being that women and men “process” and “perceive” things differently. While we’re pretending men have babies, and women have penises, in our modern egalitarian society, the reality has it that we are not even psychologically the same. There is an endless list of self help books, courses, relationship counselors, etc. devoted to trying to bridge these gaps, example “Men are from Mars, women are from Venus.”
https://www.amazon.com/Men-Mars-Women-Venus-Understanding/dp/0060574216
To the article. Women are more susceptible to these scams because they are more sensing and emotional thinkers. This statement is considered sexist today, but from my experience true. Woman are less logical / rational than men. Even when I worked in a job where analytical thought was the goal post and you had college educated folk, it appeared as if women always resorted back to feelings and emotions in their decision making.
know how to tap into their feelings, and you can scam them more easily.
Me neither. What I learned was.. victim is coaxed into buying crypto from a fake exchange. Fake statements are sent out showing a small increase in balance. At this point victim is allowed to withdraw everything. But the temptation is to buy even more, potentially using up all of his/her savings. Then WHAM !
That said, I have been scammed and paid my tuition. I wonder if the person in the article understands tuition.
Suscuptable to hybrisophilia.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.