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The Massive Scale of Online Scams: A $75 Billion Industry
2 months ago
13
Online scams, particularly "pig butchering" frauds, have become a multi-billion-dollar industry, with scammers making over $75 billion annually. If this fraud were a company, it would rank among the top 50 in the Fortune 500. Pig butchering schemes typically start small—luring victims with promises of high returns on investments—but eventually escalate, draining victims' funds through fake profits, hidden fees, and deceptive tactics. With this level of fraud growing year after year, it's crucial for victims to recognize these scams and seek proper assistance to recover lost funds.
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