The scammers then spend weeks building a relationship with their victim, introducing them to cryptocurrency and encouraging them to invest on a fake platform. It’s known as a “pig butchering” scam - a type of confidence fraud in which victims are lured by scammers often impersonating young women on the internet. This huge scam operation relies on an army of modern-day slaves, assembled by what the UN has called one of the largest human trafficking events in Asia in recent history. In three short years, according to UN and FBI investigators, transnational crime organizations have exploited developments in technology and the civil war in Myanmar to build a billion-dollar industry to scam people across the world out of their life savings.

Source: CYĬY, 54, is one of tens of thousands of American victims of a new form of financial fraud run by Chinese crime syndicates out of war-torn Myanmar and other countries in Southeast Asia. CY's scammer 'Jessica' often shared photos with him, giving a glimpse of her luxurious lifestyle in New York.

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