Feds Seize $9 Million from ‘Pig Butchers’

The US Department of Justice has announced the seizure of $9 million from an organization that exploited over 70 victims through a practice known as “pig butchering.” “Pig butchers” engage in romance scams or pose as successful cryptocurrency traders to entice victims into making purported investments providing fictitious returns. The FBI chose the term as it resembles the practice of fattening livestock before the slaughter. Court documents say the criminal ring worked to target some 70 victi