Asklemmy

43952 readers

945 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

206

What's the worst scam you've fallen for (or gotten close to falling for)? (lemmy.world)

submitted 8 months ago by Snapz@lemmy.world to c/asklemmy@lemmy.ml

194 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] magic_lobster_party@kbin.run 13 points 8 months ago

As the other person said. The metaphor is that you trick the person into making small investments first into a fake cryptocurrency app, and then over time make bigger and bigger investments. Like feeding a pig.

When the victim has made a large investment (the pig is well fed), cut all connection and run away with all the money (the butchering).

It’s a scam that targets emotionally vulnerable people and can go on for many weeks.