In this episode of Coin Stories, Natalie Brunell interviews Erin West, a specialist in transnational organized crime and founder of Operation Shamrock, about pig butchering scams. Erin explains the mechanics of these scams, which combine romance and crypto investment schemes, and how they've become a global epidemic leading to financial ruin and even suicide for victims. She details how victims are groomed over months before being defrauded through fake investment platforms, often losing their life savings. The discussion also covers the industrialized scale of these operations, run by Chinese organized crime syndicates in Southeast Asia, where trafficked individuals are forced into scamming. Erin and Natalie discuss the challenges of combating these scams, the role of social media platforms, and ways individuals can protect themselves and their loved ones. They also touch on the potential for recovering funds for victims through civil forfeiture and the importance of raising awareness about this pervasive threat.
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