pig butchering is really the term used by the scammers. And it's this notion that the pig, the victim, is being fattened for slaughter. And they're fattened through a romance scam, one that sometimes develops over weeks or months, or even more than a year, as the scammer builds trust with the victim.
The fraud cycle follows the financial cycle with a lag. And the longer the financial cycle goes on, the more amount of fraud is ultimately uncovered on the down cycle. The harshest prosecutor and the staunchest defense attorney of a company is its stock price. Nobody goes after frauds at all-time highs.
The fraud cycle follows the financial cycle with a lag. And the longer the financial cycle goes on, the more amount of fraud is ultimately uncovered on the down cycle. So, I've already dubbed this the golden age of fraud. And I suspect that when we're on the down part of this cycle, the bodies will float to the surface as they always do.
2mo ago
Underscored — save the words that stop you in your tracks.
