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What's the worst scam you've fallen for (or gotten close to falling for)? (lemmy.world)

submitted 8 months ago by Snapz@lemmy.world to c/asklemmy@lemmy.ml

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[–] magic_lobster_party@kbin.run 13 points 8 months ago

As the other person said. The metaphor is that you trick the person into making small investments first into a fake cryptocurrency app, and then over time make bigger and bigger investments. Like feeding a pig.

When the victim has made a large investment (the pig is well fed), cut all connection and run away with all the money (the butchering).

It’s a scam that targets emotionally vulnerable people and can go on for many weeks.