Based on a Chinese proverb meaning to fatten the pig before butchering the pig to cook and eat, this is an on-going Asia located scam that is now coming to America according to the US Secret Service during a presentation to the NAR risk management committee.
It is a crypto scam, but if you have ever seen a con artist movie or read about a con artist scam; it works the same
This is a sophisticated organized crime that rapidly launders the crypto through several crypto coins and real estate. It also targets real estate agents, again using crypto investments.
The scam builds trust with the mark/victim using some money return on investment in order to steal even more money in the long game.
https://www.secretservice.gov/investigations/investmentfraud-pigbutchering
Too good to be true = too good to be true. TGTBT = TGTBT
This information is only accurate as of 6/5/25. You must contact SCR for updates and changes to this information after 6/5/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.