Smarticle - Smarticle Scams - Pig Butchering Part Two - The Butchered

In this episode of the Smarticle Podcast we delve into the alarming 'Pig Butchering' scam, a sophisticated fraud scheme originating in China and spreading across Southeast Asia. Brandon discusses previous incidents, including a significant case involving Shan Hanes, the CEO of a small Kansas bank who was implicated in this scam and embezzled $47 million. The episode features interviews with two victims of the scam, Troy Gauchenour and PJ Jenkins. Troy shares his journey of being deceived through a crypto mining scheme, while PJ, a retired law enforcement officer from New Jersey, details how he got entangled in a similar scam through a dating website. Both victims emphasize the psychological and financial toll of the scam and underline the necessity for public awareness and stronger regulation. Throughout, the episode highlights the intricacy of these scams, the global network behind them, and the urgent need for greater accountability and preventative measures. 00:00 Introduction to Common Scams 01:05 The Pig Butchering Scam Explained 01:15 The Case of Shane Haines 02:43 Impact on Victims and Society 04:05 Real Stories from Victims 04:38 Troy Gau's Experience 05:47 How the Scam Unfolded 14:56 The Role of Cryptocurrency 18:14 Falling for the Scam 23:30 Aftermath and Seeking Help 30:16 Joining the Fight Against Scams 33:04 Understanding Black Yu and White Yu 33:19 The Role of Social Media in Scam Awareness 33:54 Personal Encounters with Scammers 34:40 Law Enforcement and Scam Prevention 35:07 The Reality of Modern Scams 35:50 Misconceptions About Scam Victims 36:12 Targeting the Elderly 36:54 Interview with PJ Jenkins: Law Enforcement Insights 37:54 PJ's Personal Scam Experience 38:57 The Mechanics of the Scam 53:32 The Aftermath and Psychological Impact 57:46 The Need for Awareness and Regulation 01:04:57 Final Thoughts and Call to Action [e-mail] Pig Butchering Scams Go Hi Tech An ex-cop fell for Alice. Then he fell for her $66 million crypto scam. @Smarticleshow @BDDoble @larryolson threads.net/@smarticleshow @brand.dobes The Smarticle Podcast

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