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Welcome to The Fraud Factory

Wednesday, April 24, 2024

Season 1 | Episode 17

Tonight, we’re talking about "pig butchering," and not the kind happening on farms – they’re SCAMS happening right in your living room, and they’re costing us BILLIONS. 

Dr. Phil investigates the alarming rise of "pig butchering" scams that prey on the unsuspecting. In 2023 alone, losses from such schemes surpassed $3 billion, with cases increasing by 183% from 2021 to 2022. But there's a twist: not only are the victims of these scams suffering financially, but the perpetrators are often victims themselves—trapped in human trafficking rings and forced to defraud others. Dr. Phil we'll uncover how these scams operate, the devastating impact on all involved, and the broader implications for cybersecurity. Join us as Dr. Phil speaks with experts in cybercrime, victims of these scams, and a former scammer coerced into this dark world. It’s a compelling look into a modern crime wave affecting millions. 


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