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Cruel love scam trapping victims around the world | 60 Minutes Australia

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‘Pig butchering’ is the cruel nickname given to elaborate romance scams that have duped people from around the world out of billions of dollars.

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*Synopsis | Scam HQ (2024)*
It’s positive news, kind of. In the last year, the Australian Securities and Investments Commission, ASIC, has identified and shut down more than 7,300 phishing and investment scam websites. While it has stopped victims here losing millions, the scammers are still winning, raking in billions. They’re also coming up with more and more technically sophisticated ways to rip off their prey. As Adam Hegarty reports, much of this criminality is now headquartered in the failed state of Myanmar. There, trans-national crime bosses have resorted to human trafficking to amass a 120,000-strong workforce of scammers, who all day long are forced to con westerners out of their money.

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ABOUT 60 Minutes Australia
For over forty years, 60 Minutes Australia have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tara Brown, Amelia Adams, Adam Hegarty, Dimity Clancey and Nick McKenzie look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes Australia.

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Category
Australia
Tags
60 Minutes, 60 Minutes Australia, Liz Hayes
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