Cryptocurrency

Cryptocurrency

‘Everything is fake’: how global crime gangs are using UK shell companies in multi-million pound crypto scams | Organised crime

A woman meets a man online. They flirt. Then, after a few weeks, they begin imagining a future together. Fast forward a few months and one of them has had their heart broken and been defrauded of their life savings.It sounds like a classic romance scam, but it isn’t. This is “pig butchering”: a brutal, elaborate and rapidly expanding form of organised crime, often involving criminal syndicates, modern-day slaves and victims around the world.Since it came to prominence in 2021, the fraud – which involves scammers grooming their victims before...
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