Beware of the Pig Butchering Financial Scam

Have you heard of Pig Butchering? It’s not what you think. It’s a cunning new scam that’s draining retirement accounts and leaving victims penniless.
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Have you heard of Pig Butchering? It’s not what you think. It’s a cunning new scam that’s draining retirement accounts and leaving victims penniless. Today, we’re uncovering how scammers are using relationships built on various phone apps to lure people in. If you want to make sure your savings stay safe, stay with us as we break down this dangerous scheme and tell you how to avoid it before it’s too late. You’ll discover the psychological hooks and technological methods employed in these scams to arm yourself with the knowledge to keep your finances secure.

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Here’s what we cover in this episode: 0:00 – Intro 3:02 – What is “pig butchering?” 6:09 – The scale of these scams 11:10 – How can we identify scams? 15:13 – Steps you can take to avoid scams See of the Office of Inspector General Warning: SCAM ALERT: Pig Butchering Go inside the scam: https://www.youtube.com/watch?v=vu-Y1h9rTUs

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ABOUT YOUR HOST...

Scott Dougan founded Elevated Retirement Group in 2003 in order to fill a niche he felt was not being addressed properly in the retirement planning environment – helping retirees and pre-retirees in the Kansas City metro area find answers to issues that may affect the quality of life during their retirement.

Scott is a Registered Financial Consultant (RFC) and holds a Series 65 Investment Adviser Representative license, which holds him to the fiduciary standard. He also holds insurance licenses in Kansas, Missouri and other states.

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