The Pig Butchering Scam!

Get 20% off DeleteMe US consumer plans when you go to joindeleteme.com/BOYLE and use promo code BOYLE at checkout. For DeleteMe international Plans go to international.joindeleteme.com
Every year, people around the world lose millions of dollars to a sophisticated scam known as “the pig butchering romance scam”.
The scam takes its name from the victims, who the scammers call “pigs” that they "fatten up" before slaughter. It usually begins with a text message that appears to be a wrong number. People who respond are lured into a long conversation with a good-looking and wealthy stranger who eventually offers to teach them how to make money with crypto investments. The investments are (of course) fake, and once victims send enough of their money, the scammers disappear. Victims frequently lose their life savings, and often the crime goes unreported because the victim is so embarrassed by what happened. A Kansas banker embezzled almost $50 million dollars from his bank as part of a pig-butchering scam, leading to the bank's failure.
In the bestselling book - Number Go Up by Zeke Faux, it was revealed that the people sending the messages are frequently victims themselves. In today's video we explore how the scam works and why cryptocurrencies like tether are to blame for the huge scale of this crime.
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[@PBoyle]

Get 20% off DeleteMe US consumer plans when you go to joindeleteme.com/BOYLE and use promo code BOYLE at checkout. For DeleteMe international Plans go to international.joindeleteme.com

[@antlerman7644]

I personally think where you placed the add was rather inappropriate

[@DJVARAO]

@@antlerman7644 why?

[@FadkinsDiet]

How do we know deleteme isn't owned by the data brokers, making this just a protection racket?

[@InfoSopher]

Interesting to note. Some private jet companies (I think the largest one in EU) have over 50% of their flight paid with crypto... Maybe worth a closer look?

[@cuthip]

Why DeleteMe over Incgoni, which you previously promoted?

[@j3i2i2yl7]

About the third most troubling thing I learned from this video was that the Pig Butcherer scamers seem to provide much better customer support than my bank.

[@user-xi4bh2jd9n]

Yeah, if customer support is too good, it's possibly the scam

[@rkalla]

ROFL!

[@paolovita1720]

Show me the incentives, and I'll show you the outcome...

[@jerryburg6564]

😂😂

[@user-uq2ti7tj6k]

Honestly, here in the US there is this United State Post Office scam that everyone seems to get and I'm always floored that anyone would believe that the USPS would actually try THAT hard to get a package to you. The last time they lost my package they just said, "keep waiting" and when it showed up eventually it was wet, wrapped in plastic, and included a note that it had been spilled on by something but provided no other information. I almost envy these people who haven't become so jaded and cynical they see good service as a red flag.

[@whammykablammy2357]

I'm so Midwestern I thought this is one someone asks to split the cost on butchering a pig and then you never get the meat, lol

[@Emojibones]

I wonder if that is actually the origin of the term. I mean it’s pretty good metaphor of the whole transaction.

[@ayemad]

Lol

[@failedfishermanBC]

​@@Emojibones He explains the origins in the video. The scam is similar to fattening a pig before butchering it.

[@notmyrealname3167]

Hey I'm in the Midwest and I lost my old beef share contact, wanna go on on a steer with me?

[@Rootiga]

I thought this was going to talk about the common chinese practices of using fake meat and referring to it as pork, dying pork to make it look better, injecting the meat with water or other liquids to increase its weight so they can charge more per pound, or even just downright painting pigs black because they sell for more lol

[@MikeGaruccio]

It’s kind of wild that law enforcement is just like “oh well, I don’t understand this thing, guess it’s impossible to track” and just ignores that the ledger of transactions is literally publicly available to anyone who cares to look.

[@zg-it]

Have you ever had to call the cops. They take notes and then you can use that for your insurance company. They don't investigate and dust for fingerprints. They show up and take a report. Then you file with insurance. They're not there to solve the crime or to protect you from the crime, there's simply there to document it.

[@ruekurei88]

They understand it. They have specific divisions within law enforcement to handle it. But it takes a lot of resources to track down and arrest a scammer(s) and a lot of the time it is out of their jurisdiction anyway. It also involves various third parties to go through to handle it. Basically, it's just not worth it unless it's a major scam that involves lots of people or lots of money or something more local and tangible.

[@ruekurei88]

@@zg-it Waste of time and resources if it's just burglary. Fingerprint dusting and processing isn't exactly an easy one and done affair and the amount of it you'd have to do for one of the most common crimes would be well...impossible pretty much.

[@loangxuong9863]

only the wallet address is public but who the wallet belongs to is not. the kyc is useless .

[@rmidifferent8906]

​@@ruekurei88Hours for getting fingerprints only to find that all of them belong to residents because the burglar wore gloves... While it is possible to track the information on a public ledger it is hard (or even impossible) when the people you track don't make stupid mistakes. Most of the evidence created this way will be based on many assumptions anyway. It will be enough to convince a regular person but not enough to convict someone beyond a reasonable doubt...

[@stevens1041]

I was in Viet Nam last year and people were talking about this a lot "Don't go to Cambodia for work, it's a scam, blah blah"

[@maxr336]

@@rogerdahl0that’s how they write It in Vietnamese 🤣

[@DKNguyen3.1415]

@@rogerdahl0 Nam means south. But there's no Viet North *shrugs*

[@BrianOSheaPlus]

Glad to hear that they are getting wise to the scams.

[@sc2836w]

Viet North is basically China. I think it goes back to Imperial Chinese days when Vietnam was a vassal state.

[@JimJamTheAdmin]

​@@rogerdahl0Live and learn when you're the fool but snarky when you think you know something. A fool the whole time, it seems.

[@BTCSE_AtharvaTrivedi]

Horrifying to see people being forced to run a scam

[@centurione6489]

Yeah, sure ...Chinese illegally immigrating into ... Myanmar ...🤣

[@termitreter6545]

Yeh. That backstory is so much worse than the scam itself.

[@Rootiga]

@@centurione6489 china has a massive exodus of people right now due to their economic depression. burma borders china so it wouldnt be surprising that the poor would be crossing the border rather than booking a boat or flight to peru

[@magnetospin]

@@centurione6489 They also capture westerners to do the scam. How do you think they get to be so convincing? The Chinese workers there don't speak foreign languages.

[@juri2001]

This is made up story. BBC doesn't want to błazen Hindu, Chineese directly...

[@tonynewman3631]

I only trust random messages from Nigerian princes. Anything else must be a scam.

[@feargal2433]

😂👏👏👏

[@4m4n40]

It’s so unbelievable it just might be true

[@jomartcanlas6917]

😂

[@bunberrier]

Greetings fried Its auspicious and best forture you to mention me to others in need. Allow me to introduce myself. My name is Harambe Mutoku Atempa, former Minister of Finance in Kellpa Province.

[@ajbahlam]

I am the Nigerian prince. Click 'like' if you trust me.

[@TheFakeyCakeMaker]

My husband's friend got him involved with it. We were in such a bad way that he was excited to "invest" to help us. I told him that it was a scam. Thankfully he listens to me. He put in £100 because we reckoned we could afford to lose it. He watched his returns grow and of course when he tried to cash out, nothing. His friend had laughed at him for putting in so little and he'd roped in many others, they all lost thousands.

[@jakeforrest]

Usually you can get your “profit” when the amount is small…

[@joec7238]

My buddy just went through this with a 33 yr old malaysian girl, transferred bitcoin over to TC global or something supposedly in australia, I tried to tell him that girl wanted nothing to do with him

[@Gappasappa]

I thought this also relates to my experience of the AiM market in the UK 😂😂

[@Volkbrecht]

Basic common sense and a bit of natural cynicism would prevent all of this. People with working knowledge of how to get rich witch finance schemes don't go around advertisting them. They are usually too busy exploiting these tricks themselves.

[@dannylo5875]

Yeah and some banks do this as well.

[@mbe102]

My friends Mom fell for this, she has dimentia, and was signing up on Plenty of Fish, and it was a hybrid Romance/Pig Butchering Scam.... they took her for so so SO damn much money, I don't even want to say. But it cost her, her son, and her ex-husband, who she had a joint account and a line of credit with, so so much trouble and loss. They might even lose their house and business... brutal stuff. These people are sickening.

[@veccio]

That is so very sad; my heart goes out to her and your friend. I can imagine that a lot of these websites catering to well off older folks, sometimes of overly trusting natures believing anything they see… would be a great source of leads to scammers. These folks are so trusting and often lack the media literacy of folks born into the era of the internet.

[@falco830]

@@vecciothat is sadly not the case with pig butchers, anyone can be vulnerable to their scams, especially people who are overly confident and think they could never be scammed.

[@veccio]

@@falco830 oh for sure, agreed, no one is immune. Many folks that might think they’re media literate and/or arrogant might let their guard down given the amount of very personal time and faked intimacy invested in these scams. I guess I was just saying that some of these sites like Plenty of Fish, or certain political orgs might maintain highly attractive mailing lists, as these might represent a subset of people that are particularly attractive and vulnerable to such scams. These sites can also get hacked. But that doesn’t mean they are the *only* vulnerable folks. We should be on guard, but also beware and inform our elders of warning signs. There’s about a 100% chance that anyone who has a smartphone or any phone is exposed to scams.

[@johnk6757]

@@falco830 I don't think it's fair to say "anyone" could be vulnerable to these scams. I think most people would not be, they clearly target the elderly with cognitive issues disproportionately. Even the faintest amount of skepticism and intelligence would render you immune to any of the scams, at least that I've seen.

[@user-zf3xb3qx8w]

joint accounts you HAVE to set up Flags to the bank, and it's easy. you can't be complacent any more. People slip, get older.

[@w.urlitzer1869]

The scammer farms are now stationed in Myanmar. Chinese and others are getting lured to Thailand, kidnapped and then moved to these farms.

[@TheFakeyCakeMaker]

Yes, it's terrible

[@eshtermaria6884]

Infamous Golden Triangle economic zone with casinos and drug trade.

[@andybaldman]

Cool. Darwin in action.

[@JC-dt7rn]

Omg

[@robtibbetts890]

But it sounds like a lot of the money goes back to China? So Chinese companies are outsourcing the slavery of Chinese people to other countries?

[@MechMK1]

I know someone who was once blackmailed by an ex regarding nude pictures of himself. When he confessed to me that she had threatened to post his pictures online, I told him quite directly that no one really cared what his genitals looked like. We've all seen them before, his are not special either. Luckily he did get a lawyer involved soon after.

[@supertuscans9512]

In many jurisdictions you wouldn’t need a lawyer, that would constitute a criminal offence, go straight to the Police.

[@Longtack55]

Send pics anyway 😊

[@lukefernando4777]

Quite right some men would pay for that!

[@reid3031]

This has nothing to do with the video, but when I was in Cambodia, one time I was awoken at 3:00 in the morning by a woman screaming and gurgling as she died in a small village, and it completely terrified me. When others started getting up a couple hours later, I told them what I had heard, and my host said with a straight face "no, we just live next to a pig butcher who starts really early, and pigs sound like that when killed" and it absolutely haunts me to this day, and the phrase "pig butchering" gives me PTSD. Thank you for coming to my TEDTalk

[@zephyrsimon]

3 in the morning to butcher pigs? Somebody is hiding something from you.

[@magnetospin]

Yea, that's how pigs sound. When I was a kid I used to visit and live with my aunt's family in the summer and they live close to a pig butchering shop. It's nightmare fuel for children.

[@glennwhitlock1272]

Never accept an invitation to a party from a Portuguese family who live in the countryside and own pigs

[@KerryBuchanan]

PLEASE tell me you added that to the Airbnb review lol

[@evrfreez]

Given that the trafficked slaves in most pig butchering scams seem to be located in Cambodia, your story has more to do with this video than I think we'd like to admit. Not hard to imagine what happens to workers when they don't have any further use for them.

[@richardewels6280]

My pig butcher was Emily, 33 year old devorcee, ran her old company, 3 cars and a nice house. She insisted on a video call seemly to prove she was legit and photo's of herself. I had never heard of pig butchering but I knew a supposedly wrong number call from a very attractive Chinese woman who suddenly wanted to be my best friend was suspicious. Googled this experience and realised what was going on. These people have no souls or conscience. I didn't lose any money but would love to see these thieves held accountable.

[@zg-it]

I played along with one of these scams on a dating app, the so-called girl was from Singapore but she happened to live in detroit. The neighborhood that she randomly guessed that she was from was probably one of the worst neighborhoods you could live in. There are no immigrants from Singapore living in that neighborhood, there's hardly anybody living in that neighborhood. I won't even drive through that neighborhood.

[@iheartlreoy8134]

The rough streets of Singapore 😂 yeah right you can’t even spit gum out there

[@joehenrichs1601]

Out of Curiosity, what was the neighborhood? I’m from Detroit.

[@zg-it]

@@joehenrichs1601 brightmoor!

[@zg-it]

@@joehenrichs1601 brightmoor

[@zg-it]

Brightmoor

[@xelaxander]

I expected another shallow video about another scam. The depth of Patrick's research really exceeded my expectation.

[@galerussell1710]

You weren't looking for a video about rap music?

[@veccio]

Well, it’s kinda a book review but good job on the video too

[@vladyslavgalchenko2907]

“He started with 100usd, which converted into 81 tether - because - you know - crypto transactions costs. “ this phrase is gold

[@rafaravioli]

The forced labor element of this is so horrifying.

[@tristanpiano3806]

I just got this last week. They have really gotten lazy. I told them so was a 12 year old boy with a bmx and they still kept it going.

[@AbuAfakski]

But as Patrick said, that person on the other end might be a slave trying to avoid beatings

[@geraldh.8047]

@@AbuAfakskior just an connection to a large language model API instructed to chat with you.

[@onesquirrel2713]

Also it is probably advisable not to engage at all. At the very least you are confirming that your contact data is valid and connected to an actual human.

[@Shalowaball]

You would still be valuable as the link to an adult who they could potentially lure in

[@omgkthxbi]

I'm a woman and I get them. They mass spam everyone and hope that one idiot falls for it. And it works.

[@luckylanno]

Nothing good could ever come from "small casino villages in southern Cambodia"

[@DNAsGhostzHouze]

Nothing good could ever come from " -small casino villages in- Cambodia" Fixed that for ya

[@DevReaper]

@@DNAsGhostzHouzeI hear it’s a good place to holiday

[@Pyryp2]

​@@DevReaper Angkor Wat is cool but knowing it's the pedophile Mecca would bother me.

[@jackmiller8851]

​@@DNAsGhostzHouzeyou're wrong, there's lovely people and food and sights, it's just a very poor country with relatively high crime.

[@cptrelentless80085]

Otres has a nice beach

[@ohioplayer-bl9em]

Those wrong number text messages come to my phone. I make them listen to stories about my cats for weeks till they stop texting back.

[@w.urlitzer1869]

you seem to have a lot of time to waste.

[@notpurrfect6397]

​@@w.urlitzer1869It's doing a good deed. Those cat stories may have prevented anorher victim getting scammed.

[@WWZenaDo]

Brilliant! I wonder if droning on about basic chemistry or accounting would have the same effect...

[@elipotter369]

Funny, but you're wasting your own time too, plus you now know from watching this video some poor Chinese kidnapped person is being beaten for not making money. Perhaps you could get involved in some human rights organisations instead of talking re cats!😢

[@tulippasta]

@@elipotter369yeah you better fall for the scam so the poor chinese person doesnt get beaten, if you care so much.

[@hellaradusername]

I've got a couple of these, at first they're like "Patricia, are we still meeting for tennis tomorrow?" and the plausibility goes out the window once you tell them they've texted the wrong number because who keeps going like that?

[@elipotter369]

Precisely. And who befriends random wrong number & strangers on line? It's just ... off.

[@Bookcity300]

Just happened to me too

[@aippli]

I remember in 2020 seeing my friend . And she told me she was dating a guy online. Because it was Covid it made perfect sense that they couldn’t meet up. But when she told he asked her to invest in his online crypto , I called bs.I told her not to do it. I wish she listened.

[@falco830]

Yeah because you had no idea how deep the relationship was already with her

[@PhonkEcho]

Oh hell no! Money should not flow from her gender to his gender

[@larryo6874]

What has always struck me about people saying they could make you rich with their crypto or stock advice was why don’t they simply take their own advice and become rich. The answer of course is that it’s all a scam.

[@mjkcneely]

These scammers can have a complex narrative where they do claim they have family or friends that are making money off the trades. You are supposedly in touch with a relative of some expert in finance and crypto trades. For example, the scammer pretends to be a young, beautiful Asian woman who has an interest in you and has a wealthy uncle involved in online trading. It sounds absurd but they put a lot of time into working you. And, if you know how rough it can be for women in some Asian cultures it appears plausible that it could be real that she’s interested in a western guy. Sometimes the alleged investment opportunity comes up as an afterthought after you have been in touch for a while. I used to get these a lot, better to block new contact requests if not recognized.

[@elipotter369]

They presumably are rich (pretending to be), but that raises the question of why are they befriending random people online, instead of 😉 their money with real life fun and meaningful activities.

[@sosilos]

I'm always amazed how Patrick's voice is seemingly monotone and could be perceived as boring but it's far from true. I'm hooked every time and founding myself glued to the screen with 100% focus!!!

[@BrianOSheaPlus]

Yeah I love his deadpan humor.

[@ryandgarland]

Falling for one of those scams is hard to believe....a ceo of a bank losing 47 million of the banks money to this type of scam,...well that seems criminal on the CEO's part.

[@fabiannomada2724]

Yeah, he is in jail

[@FadkinsDiet]

The easiest person to scam is someone who says, "I'm too smart to get fooled by a scammer". Everyone has their weak points.

[@doujinflip]

CEO probably had some sketchy sentiments of his own to go ahead using his employer's money without proper formal authorization.

[@doujinflip]

CEO probably had some sketchy sentiments of his own to go ahead using his employer's money without proper formal authorization.

[@veccio]

@@doujinflip oh he’s the CEO of course it’s HIS money to do with as he wishes. He’s Atlas!

[@agaluch]

Now I feel guilty. I was approached by a series of scammer ls who claimed to be Chinese women using this scam. I strung them along as long as possible without anting up any funds. I did it out of boredom and curiosity. It didn't occur to me that they were themselves victims. They were all trying to get me to invest in crypto forex gold futures. They were all using the same playbook.

[@rh906]

Don't feel guilty, it's just the great circle of life at work. Otherwise, you are going to see "Help me escape captivity" scams because Westerners are weak. Plus only the bait might be a victim, the ones actually talking to you are not.

[@elizabethwoodley4340]

I totally see why you’d feel guilty and why Patrick would mention these people are also victims. But I do think that wasting these people’s time may have given them less time to prey on vulnerable people. The more the scam succeeds the more incentive the gang bosses have to increase it and ruin more people’s lives. So I don’t think you did anything wrong personally.

[@MrRedsjack]

Not all are victims. Many are just in it for the big commissions.

[@raslalique]

You are keeping them away from potential victims. Don't feel bad

[@guydreamr]

Staggering that scams could amount to fully one half of a country's GDP, even a developing economy like Cambodia's.

[@______638]

it would be in the tens of billions. i simply do not believe it.

[@mikebaker2436]

Nothing that happens in Cambodia can be considered staggering at this point.

[@Rootiga]

​@@______638exactly. the US reported that $10B is lost each year in scams. so theres no way scamming makes up half of these countries GDP

[@guydreamr]

@@mikebaker2436 You got that right, especially in view of the sojourn of P. Pot and Co.. in the 1970s. The photographs on the web site for Tuol Sleng is literally the stuff of nightmares.

[@guydreamr]

@@mikebaker2436 You got that right. The photographs on the webpage for Tuol Sleng is literally the stuff of nightmares.

[@Gnomezonbacon]

A scammer once tried to get me but I wound up annoying them with questions about API trading and they gave up on me because I didn't want to talk about buying or selling gold or crypto. I just kept asking about platforms and how to program them. 3 months later I heard of this scam and realized someone tried to get me and I annoyed them so much they gave up. Yeah I'm that kind of guy. Kidnappers would shoot me because I don't shut up.

[@aitoluxd]

😂😂😂

[@fatihtaskin309]

Golden rule of internet: Nobody ever will give you something for FREE!

[@Frits_Mulder]

I think the scammers would beg to differ.

[@joedillian]

Not entirely true I give my internet friends stuff pretty frequently. Got one of my friends a remote job at my employer. I also Invited one of my friends to the Caribbean last year for a month (he only came for a week). But these are friendships built up over years and found organically through other communities. If someone is moving super fast to this kind of enmeshment stage it's probably a scam.

[@obsidianjane4413]

Of life.

[@thylzos]

Actually, I think the golden rule of the internet is: "That random person talking to you through private messages is lying."

[@LeRoiJojo]

That is why you should send me all of your money. 🧐 My friendship ain't free, you know.

[@Shadowseer7930]

I don't know why but when I saw the video title I assumed scammers had gotten desperate and were calling people up threatening to butcher a pig if they didn't pay them.

[@antoinepageau8336]

That’s known as the bacon scam.

[@DrRussPhd]

I thought it would be about free bacon scammers.

[@stephaniesamra7960]

😂😂😂

[@dorcidoc2970]

​@@roddeazevedodid you send the money

[@justincase9471]

Does anyone have a membership list of PETA? Asking for a friend. 🤑

[@PatoLorenz]

The deep fake excuse is actually quite genius!

[@elipotter369]

Yes, except they are probably such bad photos that wouldn't be very believable. And you're left dealing with this by lying to everyone and not being able to share your pain with any family or friends. Though may be best to just don't be beholden to black mail and let the chips fall when they may.

[@PatoLorenz]

@@elipotter369 But! you save the embarrassment and if the photos are very crisp you can just be amazed on how technology has advanced in the past years. Then go to a therapist if you need to let things out :P

[@elipotter369]

@PatoLorenz oh, I meant the home made photos would be too low quality! And you're right, therapy. I just imagine a lot of people would find it emotionally hard to lie & to hide the real photos story from their nearest and dearest.

[@huge_letters]

I've been blackmailed with my nude photos once - but I've replied I've got nothing to be ashamed of in the photos and haven't heard of them ever since. But of course I knew that even if photos were leaked - the people I know are understanding enough to not impact our relationship. I get that's not the case for some people - especially for younger ones with strict parents.

[@coffeegator6033]

Gen X was taught "Never talk to strangers" and it paid off well. I don't trust anyone, especially if I don't know them and they're sending me random messages.

[@NuNugirl]

A dead giveaway if you are a woman target, in my opinion, is being contacted by someone who is Military. The higher the rank the higher the suspicion. The highest unsolicited communication was from a General. 😂😂😂😂

[@fdk7014]

How does a BANK CEO fall for such a scheme? That is just incredible! Clearly that CEO was not the right person for the job

[@Rootiga]

banks are run by people, and people are not infallible

[@fdk7014]

@@Rootiga Sure but fraud is the number one issue to keep on top of for any bank.

[@bdelphan]

The idea that CEOs are smart is a bit of a myth.

[@bb1111116]

Try to remember the movie The Wolf of Wall Street which was about a stock scam. Then imagine that it’s not Leo DiCaprio on the phone but it’s a dating site with a supposedly good looking Asian woman who spends hours building a romance with the victim. Then the conversation is switched over to a social network where the money requests are gradually made. Phone calls are done with the location being faked to build the romance. Dates are cancelled for various reasons while the victim is strung along for weeks until the scammers get the money. I know intelligent people who have fallen for this. Loneliness made them vulnerable. Another name for this is the catfish scam.

[@qweqwe9678]

you have no idea friend. Getting old, and loneliness make people do all sort of weird thing. Smart or not.

[@tiadalma6534]

Nailed it, Thank you for this video, I work in finance and I have spoke to ppl who have been victims of these scams, to the extent they borrowed $50,000 from easy financial to pay ‘withdrawal fees’ they destroy ppl. Share this far and wide, if ppl are aware they are protected

[@answerman9933]

This explains why I had random messages sent to me about two years ago from Asian "female" executives contacting me and eventually bragging about making money in crypto currencies.

[@WWZenaDo]

Have you noticed that many scammers infiltrate the comments sections of KZbin channels with similar lures for financial scams? I've noticed that happening on channels specializing in the psychology of narcissism, to be more specific.

[@jordibt1789]

I'm disappointed that the pig butchering scam doesn't involve lean hogs futures fraud or actually butchering pigs, missed opportunity to involve us, rural scamees 😢

[@JcM944]

I know people personally wrapped up in these scams. It's scary and sad how much of control these scammers have over their victims.

[@barryram2605]

Anything that involves payment either in crypto or in gift cards should raise a massive red flag, you're almost sure to be dealing with a scammer.

[@gregorymurphy6115]

I have a good story of this. I strung them along for quite some time. They kept telling me about putting money into pools with other people, and I argued with them for about 20-30 messages over how if I'm going to invest that kind of money, I should build my own rig. They got quite angry. Then, she encouraged me to study crypto. So I waited a couple weeks and then responded with essentially a succinct version of the Folding Ideas video. I got some hilarious messages in response about how I'm a "ruined person" and "too negative" for someone as "amazing' as them. Had a great time.

[@gregorymurphy6115]

(this was well before I read that bloomberg article by zeke, so i didn't kno wi was likely talking with someone in a bad position)

[@aravindpallippara1577]

​@@gregorymurphy6115 well if people stopped falling for these scams then they will have to close the operation eventually. But that won't help whoever is still captive sadly, they are beyond help.

[@esterhudson5104]

It is fun, isn’t it?

[@WWZenaDo]

"Folding Ideas video" - sounds interesting.

[@gregorymurphy6115]

@@WWZenaDo its called 'the problem with nfts' but it also lays out the issues with crypto as well as 'smart contracts'

[@stupidbro2301]

For people who are interested: Nominal GDP of Cambodia is 29 billion USD, so what they are saying is these scams were worth about 14 billions dollars, which sounds plausible, even crazy huge 😅

[@michaelmoorrees3585]

3:12 - Looks better than the real Cybertruck !

[@dikbozo]

More reliable and parts should cost a bit less. Would also be Ok in the rain.

[@marcusott2973]

So is it the rap album "Scam" by the artist now known as "Pig butchering ". Or the other way round? Is "pig butchering " a reference to the famous IceT rap song "cop killer" ? Well soon our favourite rap expert will enlighten us. MC Patrick looking forward to your jam!!!

[@ricks5756]

19% transfer fees for Tether ?! Why would anyone be insane enough to pay those transaction fees ?!

[@mikebaker2436]

...to avoid the much lower fees of fiat currency. 😅

[@thomas.02]

@@mikebaker2436the 3% (max 10% at one point) inflation is coming for our fiat currency, so let’s lose 20% to transaction fees, 50% on a couple bitcoin trades, and the rest of it when we get into pump and dump schemes trying to ‘break even’

[@magnetospin]

For the dream of thousands of percent of return.

[@mcplus5785]

Because only 100 bucks. If you do larger amounts lower %

[@mcplus5785]

​@@mikebaker2436If you do an international wire Transfer it also Costs 20 bucks each time. If you do tether you pay once the Fee for conversion and Afterwards much lower per transaction afterwards

[@christopherdamiano4233]

Just another reason that when someone starts talking crypto, I walk the other way.

[@rh906]

Bitcoin was a fluke, ancaps are generally people to avoid in general. And if you can't... you know what to do.

[@ooshwiggity]

It's a shame that so many people did get rich from crypto (cashed out with other people's money first, anyway) and the media made it seem legitimate and easy....because as lucky as I am to be a single person with no debt nor dependents, there are people who work constantly, are underpaid, can't make ends meet, have kids to care for, and are DESPERATE for magical, quick money. Needing to make money to survive has made billions of people easy victims to scams.

[@heinzvoll7798]

Usually I find it rather annoying when youtubers keep changing the thumbnail on videos (the reasons are obvious), but this one kept getting better and the current one is absolutely hilarious. Gotta love Patricks humor.

[@Olodus]

Half of Cambodian GDP?!!! Holy sh--! I mean it is a somewhat small country but still.

[@Rootiga]

its also not true lol

[@stevens1041]

Its an absolute tragedy that a country which is ruled by corrupt and evil people becomes the playground of other corrupt and evil people. Hope that someday, Cambodia gets better leaders, because the previous guy in charge earned 50,000 dollars official salary/year, yet wears millions of dollars worth of wrist watches, hmmm.

[@PBoyle]

Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Paul Rohrbaugh, Douglas Caldwell, Greg Blake, Michal Lacko, Dougald Middleton, David O'Connor, Douglas Caldwell, Carsten Baukrowitz, Robert Wave, Jason Young, Ness Jung, Ben Brown, yourcheapdate, Dorothy Watson, Michael A Mayo, Chris Deister, Fredrick Saupe, Winston Wolfe, Adrian, Aaron Rose, Greg Thatcher, Chris Nicholls, Stephen, Joshua Rosenthal, Corgi, Adi, maRiano polidoRi, Joe Del Vicario, Marcio Andreazzi, Stefan Alexander, Stefan Penner, Scott Guthery, Luis Carmona, Keith Elkin, Claire Walsh, Marek Novák, Richard Stagg, Stephen Mortimer, Heinrich, Edgar De Sola, Sprite_tm, Wade Hobbs, Julie, Gregory Mahoney, Tom, Andre Michel, MrLuigi1138, Stephen Walker, Daniel Soderberg, John Tran, Noel Kurth, Alex Do, Simon Crosby, Gary Yrag, Dominique Buri, Sebastian, Charles, C.J. Christie, Daniel, David Schirrmacher, Ultramagic, Tim Jamison, Sam Freed,Mike Farmwald, DaFlesh, Michael Wilson, Peter Weiden, Adam Stickney, Agatha DeStories, Suzy Maclay, scott johnson, Brian K Lee, Jonathan Metter, freebird, Alexander E F, Forrest Mobley, Matthew Colter, lee beville, Fernanda Alario, William j Murphy, Atanas Atanasov, Maximiliano Rios, WhiskeyTuesday, Callum McLean, Christopher Lesner, Ivo Stoicov, William Ching, Georgios Kontogiannis, Dru Hill, Todd Gross, D F CICU, JAG, Pjotr Bekkering, Jason Harner, Nesh Hassan, Brainless, Ziad Azam, Ed, Artiom Casapu, Eric Holloman, ML, Meee, Carlos Arellano, Paul McCourt, Simon Bone, joel köykkä, Alan Medina, Chris Rock, Vik, Fly Girl, james brummel, Jessie Chiu, M G, Olivier Goemans, Martin Dráb, Boris Badinoff, eliott, Bill Walsh, Stephen Fotos, Brian McCullough, Sarah, Jonathan Horn, steel, Izidor Vetrih, Brian W Bush, James Hoctor, Eduardo, Jay T, Claude Chevroulet, Davíð Örn Jóhannesson, storm, Janusz Wieczorek, D Vidot, Christopher Boersma, Stephan Prinz, Norman A. Letterman, georgejr, Keanu Thierolf, Jeffrey, Matthew Berry, pawel irisik, Chris Davey, Michael Jones, Alfred, Ekaterina Lukyanets, Scott Gardner, Viktor Nilsson, Martin Esser, Paul Hilscher, Eric, Larry, Nam Nguyen, Lukas Braszus, hyeora,Swain Gant, Kirk Naylor-Vane, Earnest Williams, Subliminal Transformation, Kurt Mueller, KoolJBlack, MrDietsam, Shaun Alexander, Angelo Rauseo, Bo Grünberger, Henk S, Okke, Michael Chow, TheGabornator, Andrew Backer, Olivia Ney, Zachary Tu, Andrew Price, Alexandre Mah, Jean-Philippe Lemoussu, Gautham Chandra, Heather Meeker, Daniel Taylor, Nishil, Nigel Knight, gavin, Arjun K.S, Louis Görtz, Jordan Millar, Molly Carr,Joshua, Shaun Deanesh, Eric Bowden, Felix Goroncy, helter_seltzer, Zhngy, lazypikachu23, Compuart, Tom Eccles, AT, Adgn, STEPHEN INGRA, Clement Schoepfer, M, A M, Dave Jones, Julien Leveille, Piotr Kłos, Chan Mun Kay, Kirandeep Kaur, Jacob Warbrick, David Kavanagh, Kalimero, Omer Secer, Yura Vladimirovich, Alexander List, korede oguntuga, Thomas Foster, Zoe Nolan, Mihai, Bolutife Ogunsuyi, Old Ulysses, Mann, Rolf-Are Åbotsvik, Erik Johansson, Nay Lin Tun, Genji, Tom Sinnott, Sean Wheeler, Tom, Артем Мельников, Matthew Loos, Jaroslav Tupý, The Collier Report, Sola F, Rick Thor, Denis R, jugakalpa das, vicco55, vasan krish, DataLog, Johanes Sugiharto, Mark Pascarella, Gregory Gleason, Browning Mank, lulu minator, Mario Stemmann, Christopher Leigh, Michael Bascom, heathen99, Taivo Hiielaid, TheLunarBear, Scott Guthery, Irmantas Joksas, Leopoldo Silva, Henri Morse, Tiger, Angie at Work, francois meunier, Greg Thatcher, justine waje, Chris Deister, Peng Kuan Soh, Justin Subtle, John Spenceley, Gary Manotoc, Mauricio Villalobos B, Max Kaye, Serene Cynic, Yan Babitski, faraz arabi, Marcos Cuellar, Jay Hart, Petteri Korhonen, Safira Wibawa, Matthew Twomey, Adi Shafir, Dablo Escobud, Vivian Pang, Ian Sinclair, doug ritchie, Rod Whelan, Bob Wang, George O, Zephyral, Stefano Angioletti, Sam Searle, Travis Glanzer, Hazman Elias, Alex Sss, saylesma, Jennifer Settle, Anh Minh, Dan Sellers, David H Heinrich, Chris Chia, David Hay, Sandro, Leona, Yan Dubin, Genji, Brian Shaw, neil mclure, Francis Torok, Jeff Page, Stephen Heiner, Peter, Tadas Šubonis, Adam, Antonio, Patrick Alexander, Greg L, Paul Roland Carlos Garcia Cabral, NotThatDan, Diarmuid Kelly, Juanita Lantini, Martin, Julius Schulte, Yixuan Zheng, Greater Fool, Katja K, neosama, Shivani N, HoneyBadger, Hamish Ivey-Law, Ed, Richárd Nagyfi, griffll8, Oliver Sun, Soumnek, Justyna Kolniak, Vasil Papadhimitri, Devin Lunney, Jan Kowalski, Roberta Tsang, Shuo Wang, Joe Mosbacher, Mitchell Blackmore, Cameron Kilgore, Robert B. Cowan, Nora, Rio.r, Rod, George Pennington, Danial Ramzan, Sergiu Coroi, Nate Perry, Eric Lee, Martin Kristiansen, Gamewarrior010, Joe Lamantia, DLC, Allan Lindqvist, Kamil Kraszewski, Jaran Dorelat and Yoshinao Kumaga.

[@sheiscallednv]

Basically like the Tinder Swindler but with a gang as an added bonus

[@PhonkEcho]

Yes but they target sophisticated bank employees as well...preying on their greed

[@alanseymour1252]

I've never heard such a sad story told in such a funny way. Brilliant!

[@malcolmlove4602]

It's Patrick's superpower

[@swatisrivas]

Thanks Patrick… I almost fell for one of these. It’s something I would love to share with others so that they don’t fall for it as well… listening to you made me realise anew how close I had come!

[@MrTacosAndBurritos]

Patrick, you are an amazing story teller 😊 . Thank you for everything you do for the public.

[@aljmann]

Patrick, every one of your vids is informative, beautifully put together AND fun. Thank you!

[@carlgarrett5142]

"Maybe that's why the prople at BBC would never hire me." 😄😄😄

[@theoneandonlysoslappy]

Introverts are naturally immune to this scam.

[@michaelsmith4904]

paranoid introverts doubly so...

[@Chinothebad]

As an introvert, can confirm. Though knowing one person sent shock images to these scammers, I feel inclined in wanting to send them goatse.

[@Mr_Boifriend]

no 😂

[@positronundervolt4799]

Wow Patrick! You upload the podcast version of these really fast. Thank you!

[@amontaser]

Thanks Patrick. Your narrations are always insightful and informative.

[@none3763]

My favourite is the "Blue Balls" scam. Young men in Egypt would make friends with older western women tourists & establish a relationship. Then they dip their nutsack in indigo, turning them blue and claiming they need an operation or lose their eggs. Usually costs around $5k for the op, which the women pay for. I know a lad in Sharm who bought a house, 3 taxis & a dive business doing this. He had so many women on the go he could hardly walk sometimes because they'd all be at different stages of the scam, so he'd have blue balls for a fortnight while one woman visited, then have to scrub his sack clean for the next woman on a flight 2 days later.

[@alexn5743]

O.O

[@Peizxcv]

LOL. It’s sounds more sophisticated than what they are doing in Jamaica and Trinidad

[@daszieher]

​@@Peizxcvyah, there they're just getting laid for money

[@PeripheralVisionary.]

Men in Egypt are the absolute worst.

[@MentalLiberation]

​@@daszieher So when the end comes, they'll know that they were just gigolos, and life goes on without them?

[@frankedwards2784]

Very informative - thanks Patrick, a thoroughly researched and well presented video.

[@keepleft]

I got one once on WeChat. I asked her who she was, she was like, "oh sorry, I was trying to contact my uncle, I must've dialed the wrong number". I told her her uncle died.

[@aricwood869]

I like the background. I feel like an insecure college student pestering my professor about stuff after class again.

[@veccio]

The arrangement gives uni classroom. The overstuffed leather gives postgrad business school

[@UncleJoeLITE]

As always, a great premiere & friendly chat. A wonderful end to a quiet Saturday night, thank-you.

[@layersoftheonion8168]

Excellent as usual Patrick, thank you very much!

[@sylvial8411]

Thank you for your brilliant and topical videos. This is a cohesive analysis on a heartbreaking topic that has ruined the lives of too many .

[@falter_ego_]

What makes you more susceptible to scams is arrogance and overconfidence that you're too smart to get scammed, that way you get relaxed and may overlook something on accident. So always be careful.

[@margodphd]

Seeing Ginger Billy's "cyber truck" here was unexpected 😂

[@TomNook.]

So now we have to contend with ghosters, catfishers, bots, AI and now criminal gangs on dating apps. What's the point.

[@yagyaniksharma8919]

This video is an eye-opener on the complexities and dangers of the Pig Butchering scam. Your detailed breakdown and real-world examples, like Zeke Faux's experiences, really highlight how sophisticated and devastating these scams can be. Thanks for shedding light on this critical issue and offering practical advice to stay safe. Keep up the great work! 👍

[@blakebrothers]

Great video as usual, purchased Zeke's book based on your very informative content.

[@stanbasov42]

Yo, it's Patrick Boyle, rollin' in the cut, On KZbin, droppin' knowledge, never givin' up, Finance guru, breakin' down the trends, Every vid's a hit, he's the one who sets the ends

[@dikbozo]

Put a banger behind that and MC Patrick will be in the HOUSE!

[@Asphyxant]

Yeah I was responding to a generic "Hey how are you?" message and said I was in Geneva Switzerland. They responded "You mean Lake Geneva, WI? " My info is out there, they knew who I was. Always the same storyline, Asian young woman living in a big city in America, didn't get to the part where they explain how they are so independently wealthy through crypto or whatever financial scam

[@bc-guy852]

Fantastic information Patrick. I always enjoy your Rap Music channel!

[@shuaibchoat3425]

I imagine if John Malkovich and my advanced economics textbook fused together perfectly, I'd get you. Same energy: calm and efficient.

[@TomNook.]

Always stick with the golden rule - never give money to strangers

[@yaceya]

If you notice, the trick is to convince people that they don't give money to some stranger, but manage their money through some legitimate trader. And if in case of a regular trader there is some decent government infrastructure helping people to understand who is a safe trader and who is not, in crypto it is not as clear (unless you add to your golden rule "and, yes, don't do crypto").

[@thomasfisher5742]

I'm happy to be your friend tom....now here's the deal lol 🤫🤫🤫

[@Killer36661]

Me trying to befriend the noodle shop owner before I hand him my money in exchange for a bowl of noodles.

[@mattanderson6672]

The dry humour of Patrick is the best

[@AssafLevyIL]

A side note. Happy to see the subscriber count go up to something a little more deserving for this quality content!

[@flounderflounder6833]

I get these all the time! Its good to have a name for it now. I will say that even though i absolutely knew the whole time it was a scam, it did feel good to have a friend to talk too during a very lonely part of my life

[@bikeman9899]

This underscores the key role of crypto in criminal activity. Crypto has no practical function other than criminal activity. Transactions in major currencies , sent via SWIFT or other regulated system, can be monitored by regulators. Not crypto. That's why crims love it. Now, the really worrying thing to me is, some legitimate businesses are beginning to accept crypto for payments. That's bad. Of course, they will continue to do this until they get burned by the volatile value of the crypto, and then there will be calls for regulation, which is not going to work, as the whole point of crypto is no regulation by the authorities. Once regs kick in, the crims will find a new way to extract money from gullible ppl.

[@extra222love]

Thank you Patrick for the awesome video 👍🏼 You’ve saved thousands from falling in such scam 🙏🏻

[@happilyisolated]

Great timing for this video, as I'm pretty sure someone tried to scam me this way just yesterday. Creepy.

[@SkandiaAUS]

Highly recommend the Darknet Diaries episode on this. If you haven't heard of it before I think you'd love the content Patrick.

[@emperorthylord]

This is basically a subset of the good old phising.

[@SpamMouse]

Super-set.

[@gustavderkits8433]

Excellent follow-up to Zeke Fawkes’ book and your interview.

[@Piaseczno1]

That cyber truck flash was hilarious. I want to watch a longer version of it. Ha.

[@DzzO]

The Loneliness epidemic is real.

[@echelonrank3927]

whoever made identity concentrate more within individuals by means of isolation, did that in order to dilute it in the collective to increase fragmentation. typical divide and conquer.

[@carlgarrett5142]

Whenever i get one of those suspicious text messages, i always respond with, "I expect you are part of one of those pig butchering scams. I hope you are not being held against your will. If you are, God bless you and I hope you will be able to escape soon." Then I block the number. I hope it gives them a little bit of hope.

[@jmks88]

Thanks. Very useful I know someone who got caught up in this period. Fortunately, they did not lose all of their life savings.

[@realruppert351]

Thank you for this great video of public interest.

[@Thiesi]

If you wanna see a pig butchering scam unfold in real time, _Kitboga_ has one of those scammers on the hook this week. He explained a bit of the background during Thursday's stream's intro.

[@thomas6502]

Thank you Patrick for being one of the good humans. And funny.

[@joelman1989]

The wrong number gets me every single time! Because I am the type to usually respond. They text me. I tell them it’s a wrong number. They tell me respond with something like “sorry to bother you” I text don’t worry about it. Then they tell me I seem cool. They would like to be friends and send me a photo of a mildly attractive woman. At that point I stop responding.

[@TechnocraticBushman]

"Cybertruck of his dreams" LMAO

[@p_q503]

Everyone started talking about this scam 😑 Suddenly Patrick uploaded 🤩

[@tonylani2015]

Patrick, I just discovered you today and your content is awesome! Thank you for all of your other videos as well. Quick question. Your watch with the white face and black band is sick. Please tell me the make? Thanks again!

[@jamesclark7448]

Not long found your channel Patrick. I think you are doing great work.

[@enola1281]

Patrick upping his KZbin thumbnail game

[@kristozondagh]

I've received a few of these messages. They're not very intelligent and I honestly don't understand how people get caught by these obvious scams. It literally takes one or two replies to notice how (French word for slow) they are.

[@ruiqi22]

I’ve unfortunately heard of this before. It really hurts my heart that people who just wanted honest work are forced to scam others; if they refuse, they’re sold for organs and then killed. There’s no way for someone to buy their way out of being a scammer either, because the amount of money they make in a day for the people who hold them captive far exceeds the amount any normal family could offer for their safe return. One stroke of misfortune, and your entire life could cease to be your own :(

[@Tmanintn]

I’m a fraud investigator and had one of these poor folks try and scam me. At first I played along because I was bored and they had commented on a FB post of mine which was about a favorite bar in Las Vegas. Same Korean images, but an even more impressive twist was the blurry FAcetime video that was tried at my request to verify the person. I didn’t get to the send me money part. 😮

[@SillySausage-mq3so]

I found my Wife this way, we were married remotely, yet to meet her though :(