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CT Department of Banking

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'Pig Butchering' Scams: Police In CT Warn Of Fraudulent Investment Schemes 'Pig Butchering' Scams: Police In CT Warn Of Fraudulent Investment Schemes
'Pig Butchering' Scams: Police In CT Warn Of Fraudulent Investment Schemes Authorities are warning Connecticut residents to be wary of complex investment scams targeting victims through online platforms such as dating apps and social media.  In an announcement on Tuesday, March 26, Connecticut State Police warned that there has been an increase in "pig butchering" scams involving scammers convincing victims to invest money into a fake trading platform.  According to state police, the scammer will first contact the victim through dating apps, social media, or professional networking platforms. They will then build trust with the victim over several weeks …

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by Ben Crnic