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419eater.com is a scam baiting website which focuses on advance-fee fraud. The name 419 comes from "419 fraud", another name for advance fee fraud, and itself derived from the relevant section of the Nigerian criminal code. The website founder, Michael Berry, goes by the alias Shiver Metimbers. As of 2013, the 419 Eater forum had over 55,000 ...
A pig butchering scam, a.k.a. " Sha Zhu Pan " [ 2] or Shazhupan, [ 3] ( Chinese: 杀猪盘 ), translated as Killing Pig Plate, [ 1] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme. [ 4]
“In 2023, we saw well over $3.5 billion of reported losses, and over around 40,000 victims in the United States,” Barnacle said. “I’ve seen [individual] losses well into the $2-, $3-, $4 ...
The scammer begins with a large pool of marks, numbering ideally a power of two such as 1024 (2 10). The scammer divides the pool into two halves, and sends all the members of each half a prediction about the future outcome of an event with a binary outcome (such as a stock price rising or falling, or the win/loss outcome of a sporting event).
The scam is known as "pig butchering" and involves scammers luring people into fake crypto investments. "It's called pig butchering because the fraudster will fatten you out with promises of great ...
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Obinwanne Okeke (born November 9, 1987) also known as Invictus Obi is a Nigerian entrepreneur and convicted fraudster who is currently serving a ten-year prison sentence in the United States for internet fraud that caused $11M losses to his victims. [1] After initially pleading guilty, on February 16, 2021, Okeke was sentenced to ten years in ...
Scammers are using friendship, fake cryptocurrencies and text messages to con millions of dollars out of unsuspecting victims. An increasingly common scam known as “Pig Butchering” is ...