Investigating the con that combines romance scams and crypto fraud (Marketplace)

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Published 2024-02-09
Canadians are losing millions of dollars to a devastating new cyber-scam known as “pig butchering.” It's a long-term con that combines romance scams, crypto fraud and investment schemes. CBC Marketplace talks to people who've lost their life savings and the trust of their loved ones as a result of this scam. And in a surprising twist, we reveal that many of the perpetrators are victims themselves, forced into a life of scamming.

If you think you or somebody you know may be a victim of a scam, report it to the Canadian Anti-Fraud Centre.

#Crypto #Scam #Marketplace

00:00 - ‘Pig butchering’ playbook
13:54 - Are scammers victims, too?
18:58 - Confronting the other side
20:17 - Talking to LinkedIn and Facebook

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BAD ROMANCE: WHO'S CONNING CANADIANS?

producer/director
GREG SADLER

reporter
DAVID COMMON

research producers
TYANA GRUNDIG
KATIE PEDERSEN

associate producer
KATIE SWYERS

editor
AARON TAYLOR

camera
NORM ARNOLD
DAVID MACINTOSH
JOHN LESAVAGE
SAMUEL MARTIN
MIKAEL ENLUND
NOPAKORN THEINSIRI

additional footage
POND5

art director
DAVID ABRAHAMS

graphic designer
MICHAEL TINNING

media management
ASTORIA LUZZI

social media producers
AMARA MCLAUGHLIN
BRITT PURDY

colour correction
KYLE J. SMITH

sound mix
DANY TREMBLAY

project manager
VICTOR KERR

resource coordinators
MARC CORMIER
DRAGAN MARICIC

news rollout producer
JENNY COWLEY

packaging editor
BENNY KOSHY

packaging producer
LINDA SIBONY

promo producer
GREG SADLER

senior producer
TIFFANY FOXCROFT

executive producer
NELISHA VELLANI

FIRST BROADCAST February 9, 2024

All Comments (21)
  • GlobalTraceAssets , your ability to rise above setbacks and radiate positivity is truly praiseworthy. Your impact on others is not just a result of your personal triumphs but a testament to the incredible person you are. Keep shining, for your journey is a testament to the power of resilience and the lasting influence of a positive spirit!
  • @FrankkAlbert
    A standing ovation for GlobalTraceAssets , who has crafted a narrative of growth, overcoming setbacks, and leaving a profound positive impact. Your journey is like a masterpiece painting, each stroke telling a tale of strength, determination, and the transformative power of resilience.
  • @Travis-micheal
    CLAIM BACK JUSTICE , your approach and jobtelling is Genius and you're establishing yourself as a one of a kind communicator that I believe few have ever seen on this platform. And I think you definitely succeeded in making sense of it to the world! Keep up the good work my friend.
  • @WilliammDixon
    The dude is just not fakeing . The finishes of the goals. Beautiful. Magisterial. Love you CLAIM BACK JUSTICE onthe internet.! & Whoever's reading this, I pray that whatever your going through gets better and whatever your struggling with or worrying about is going to be fine and that everyone has a fantastic recovery! Amen.
  • @paulshaw8375
    Claim back Justice , team and associates are absolute legends. Thanks so much for the work that you've all been doing. Keep up with the great work, you've been doing!! Thank you for saving and protecting millions of Americans from this heartless people... What comes around, goes around!!!!! Let them have it!! God bless your heart for helping us the victims...✊🏿
  • This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude Crazy l've never payed crazy attention to the Claim back Justice on the internet movement but when I say ancestral your a gift to our people
  • @Jennifermellody
    GlobalTraceAssets , your dedication showcasing the recovery move was an absolute marvel to behold! Your depth of coding knowledge and the precision with which you executed that maneuver to recover lost funds was nothing short of extraordinary. The way you navigated through intricate references and utilized your coding expertise truly set a benchmark for excellence. It's evident that your ability to recover lost money is not just a skill but an art form mastered to perfection. Your video serves as an inspiration for anyone looking to blend technical finesse with problem-solving tenacity. Bravo!
  • @evalangley3985
    Facebook should be held accountable for hosting those ads that lead victims to scams.
  • @indemand2
    Pig butchering example: You receive a text message from a wrong number. You reply - wrong number. They reply back something innocent. You reply with a lol. Next thing you know you’re texting each other, becomes friendly. They want to be friends. They take it to the next level. Before you know it - you’ve been pig butchered! Never reply “wrong number”. Don’t let them know it’s an active number. It can even be a seemingly innocent message… Hey I can’t make my doctors appointment. You’re a nice person so you reply Wrong Number. Or they send a text message that says - what time is the meeting? You’re a nice person and you wanna make sure other plans don’t get messed up so you reply wrong number. Wrong thing to do. Don’t be that nice guy. PT Barnum said it best.
  • @ThomasMichael0
    I value the information you dropped on us. As somebody inquisitive about recuperation, I like that you show devices you use to examine an organization prior to coming to a choice. It's now a hard choice to make and game to play, and with somebody showing the world procedures to safeguard themselves, this information is important. Gratitude for getting some margin to impart this to the YouTube world. We love you GlobalTraceAssets
  • @jhengxoxo
    Dude, VortexTrace you are a modern-day hero. So glad law enforcement is on board!!!!…!!!!!
  • @yulianjonty7440
    I wish there was more people like you to stop all these scammers, they need serious jail time for that, especially when they take money from the elderly, keep doing what your doing #GlobalTraceAssets put the wind up these low life oxygen thiefs Love what you Guys do keep up the great work mate well done Respect
  • @RJ_331
    If you don't know them, don't talk to them... it's pretty simple.
  • @marianhof9755
    Basic reality has long been " if it seems to good to be true, it most likely is"
  • @George43_
    Bravo to Charge backtools I'm so glad you're out there fighting these scumbags. We must do everything in our power to protect the elderly and the general public from these despicable scammers. You're a true hero. my brother.
  • @jankauffmann6899
    Never answer unknown people that unsolicited contact you, block and delete.
  • @bsways
    The more deprived of love and desperate the more vulnerable you are
  • @kirtanforthesoul
    I know somebody who lost 200k.. these scammers have no heart . They will scam the dying.
  • @BanAnna85
    Damn, that was hard to watch. I hope the victims receive justice someday (those who were scammed and the enslaved scammers). What a nightmare system; it's heartbreaking.
  • @raniag4916
    It is hard enough to trust ppl in real-life. How can ppl trust strangers online?!