The Internal Revenue Service (IRS) has issued a warning about pig butchering cryptocurrency scams. IRS Criminal Investigation special agents stressed that these schemes are popping up across the globe, emphasizing: “U.S. taxpayers are currently the most targeted population for pig butchering schemes.”
IRS’ Pig Butchering Crypto Scam Warning
The Internal Revenue Service (IRS) issued a warning regarding pig butchering crypto scams on Monday during the International Fraud Awareness Week. The U.S. tax authority wrote:
IRS Criminal Investigation (CI) special agents are seeing pig butchering schemes pop up across the globe.
CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, and identity theft.
The IRS explained: “Flirtatious strangers use social media to lure unsuspecting romantic partners, who serve as the ‘pigs,’ to invest i
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