The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped ...

At the beginning of 2025, panic about fraud and human trafficking erupted on Chinese social media. It started when a Chinese actor called Wang Xing was tricked into travelling to Thailand for an ...

Key takeawaysUnlike phishing attacks that defraud victims quickly, pig-butchering scams build long-term emotional trust before introducing fraudulent crypto investment opportunities.From casual ...

There was the realtor whose wife liquidated her 401(k). The church secretary who invested her life’s savings. The husband who went into credit card debt, all to feed the beast. The cases that Steve ...

It took two months of near daily conversations, of first cultivating trust and then love, before he walked into her trap. Two months of phone calls, text messages and video chats. Two months of ...

Hanes, 53, also swindled funds from a local church and investment club — and a daughter's college savings account — to transfer money, purportedly to buy cryptocurrency as the scammers insisted they ...

How it started While some pig butchering scams start with a “wrong number” text out of nowhere, dating apps have become a common hunting ground, according to Chabot. The software developer from Santa ...

The massive embezzlement by then-CEO Shan Hanes in a series of wire transfers over just eight weeks last year led to the collapse and FDIC takeover of Heartland Tri-State Bank in Elkhart, one of only ...