Woman loses $1 Million of retirement savings to 'pig butchering' romance scam (#351)

Financial Advisors Say The Darndest Things by A.B. Ridgeway, CPWA®️, MBA

Episode notes

In this episode, A.B. Ridgeway, Christian financial advisor, unpacks the shocking story of a suburban woman who fell victim to the devastating "pig butchering" scam. Nearly $1 million of her life savings vanished as scammers preyed on her vulnerability. Learn about the signs of these scams, the tactics used, and the importance of staying vigilant when it comes to your investments. Protect yourself and your loved ones from becoming the next victim.

Key Takeaways:

  1. Understanding Pig Butchering Scams: These scams involve building emotional connections with victims, enticing them to invest more, and then disappearing with their money. It's a form of romance scam with financial manipulation.
  2. Signs of Financial Fraud: Victims are often "fattened up" by scammers with flattery, pr ... 
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Keywords
Retirement Savingsromance scam