Wednesday Mar 05, 2025
Smarticle Podcast - Smarticle Scams - Pig Butchering Part Two - The Butchered
In this episode of the Smarticle Podcast we delve into the alarming 'Pig Butchering' scam, a sophisticated fraud scheme originating in China and spreading across Southeast Asia. Brandon discusses previous incidents, including a significant case involving Shan Hanes, the CEO of a small Kansas bank who was implicated in this scam and embezzled $47 million. The episode features interviews with two victims of the scam, Troy Gauchenour and PJ Jenkins. Troy shares his journey of being deceived through a crypto mining scheme, while PJ, a retired law enforcement officer from New Jersey, details how he got entangled in a similar scam through a dating website. Both victims emphasize the psychological and financial toll of the scam and underline the necessity for public awareness and stronger regulation. Throughout, the episode highlights the intricacy of these scams, the global network behind them, and the urgent need for greater accountability and preventative measures.
00:00 Introduction to Common Scams
01:05 The Pig Butchering Scam Explained
01:15 The Case of Shane Haines
02:43 Impact on Victims and Society
04:05 Real Stories from Victims
04:38 Troy Gau's Experience
05:47 How the Scam Unfolded
14:56 The Role of Cryptocurrency
18:14 Falling for the Scam
23:30 Aftermath and Seeking Help
30:16 Joining the Fight Against Scams
33:04 Understanding Black Yu and White Yu
33:19 The Role of Social Media in Scam Awareness
33:54 Personal Encounters with Scammers
34:40 Law Enforcement and Scam Prevention
35:07 The Reality of Modern Scams
35:50 Misconceptions About Scam Victims
36:12 Targeting the Elderly
36:54 Interview with PJ Jenkins: Law Enforcement Insights
37:54 PJ's Personal Scam Experience
38:57 The Mechanics of the Scam
53:32 The Aftermath and Psychological Impact
57:46 The Need for Awareness and Regulation
01:04:57 Final Thoughts and Call to Action
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#troygochenour #pjjenkins #operationshamrock #cryptocurrency #pigbutcheringscam #pigbutchering #romancescams #scams #onlinescams #smarticlescams #coinbase #smarticlepodcast
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