'Pig butchering' crypto scheme costs man US$170K. Scammers wanted even more, US prosecutors say


Prosecutors said the scammers spent about three months persuading a 66-year-old man to invest in cryptocurrency. — Image by master1305 on Freepik

The senior in San Jose suspected something was amiss when the woman who'd supposedly helped him buy US$170,000 (RM756,911) worth of cryptocurrency had asked for twice as much money to pay overseas taxes.

He called the Santa Clara County district attorney's office, which led to criminal charges against two Southern California residents accused of helping run a "pig butchering" scam – a scheme designed to con victims out of their life's savings.

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