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TLDR
U.S. prosecutors have charged two suspects with laundering over $43 million stolen through online investment fraud scams, also known as pig butchering. Between 2020 and 2022, the defendants allegedly moved fraud proceeds through 140 bank...
How it works
U.S. prosecutors have charged two suspects with laundering over $43 million stolen through online investment fraud scams, also known as pig butchering. Between 2020 and 2022, the defendants allegedly moved fraud proceeds through 140 bank...
Red flags
- Unsolicited contact from strangers on social media, dating apps, or chat platforms pitching investment opportunities Platforms showing suspiciously smooth, guaranteed returns that cannot be independently verified Requests to wire money to unknown shell companies or transfer crypto to unfamiliar wallets
What to do
- 1Never send money or crypto to someone you have only met online, regardless of their story Verify any investment platform through official regulator databases (SEC, FCA, Consob) before depositing funds Report suspected scams immediate
Source
bleepingcomputer
Source reviewed by Mythos Forensic Team
https://www.bleepingcomputer.com/news/security/us-charges-two-over-laundering-43-million-from-investment-fraud/FAQ
Is US charges two for laundering 43 million dollars in pig butchering investment scam network a real scam pattern?
Yes. Treat the message, call, or payment request as suspicious until you verify it through an official channel.
What are the first warning signs?
Unsolicited contact from strangers on social media, dating apps, or chat platforms pitching investment opportunities Platforms showing suspiciously smooth, guaranteed returns that cannot be independently verified Requests to wire money to unknown shell companies or transfer crypto to unfamiliar wallets
What should I do first?
Never send money or crypto to someone you have only met online, regardless of their story Verify any investment platform through official regulator databases (SEC, FCA, Consob) before depositing funds Report suspected scams immediate
Can LegalAudit check my case?
Yes. Start a free chat and paste the message, link, sender, or payment details for triage.