The Federal Bureau of Investigation (FBI) takes action to tackle the growing problem of pig separation.
Butching of pigs is a fraudulent crypto scheme in which bad actors build relationships and win the trust of their victims to encourage them later to invest in fake investment options.
The FBI says that an initiative called Operation Level Up wants to prevent victims from losing their money by using advanced techniques to identify people who are actively cheated. The office then immediately intervenes by calling them directly.
The agency says that from January it has informed more than 4,300 potential victims, which saved an estimated $ 285 million.
One of the victims was planning to invest $ 1 million extra before being contacted by the FBI. Another was planning to sell her house for an investment of $ 500,000 and another raised $ 500,000 from his retirement account.
The FBI says that the victims did not make any further investments after the intervention.
The agency says that most victims did not know that they were being scammed and some were so emotionally affected that they were referred to the FBI Victim Services Division for support or suicide intervention.
Says James Barnacle, deputy assistant -director of the FBIs Criminal Investigative Division,
“It is a growing problem and it is a big problem that affects many Americans. It is really important for us to intervene and forbid and try to do something. “
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