Contact Denver7 has been reporting on cryptocurrency scams for several months, and now a popular one has made its way to Lakewood. via AmyWadas
It's called the"pig butcher scam." The victim is convinced to hand over their money to an unauthorized crypto investor. The scammer then puts the funds into an account that appears to grow in value. Then, the scammer disappears along with a large amount of cryptocurrency.
“The term pig butchering basically comes from a farmer fattening up the pig before they slaughter it. And in this case, it's the suspect who was fattening up their victim,” said Lakewood Police public information officer John Romero. The victim from Cleveland reached out to Contact Denver7 when he saw our story from December on Belcher.
“She told me about the site to sign up for, and that’s what gave me the confidence that I was doing everything,” he said.
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