Woman Falls For Crypto Scammer On Tinder, Loses Entire 401(k) Savings Of $100,000
- 11 months ago
A divorced woman lost her entire 401(k) savings of $100,000 to a crypto scammer she met on Tinder, according to reports.
What Happened: Rebecca Holloway, 42, fell for a “pig butchering” scheme designed to target lonely people.
The scheme involves a months-long process of “fattening up” victims through fake romance, followed by “butchering” them with false investment advice, reported the New York Post.
Holloway alleged that she was swindled by a scammer pretending to be a French entrepreneur called “Fred” after they matched on Tinder in March. Fred persuaded Holloway to invest in cryptocurrency after the crash of Silicon Valley Bank, she said.
What Happened: Rebecca Holloway, 42, fell for a “pig butchering” scheme designed to target lonely people.
The scheme involves a months-long process of “fattening up” victims through fake romance, followed by “butchering” them with false investment advice, reported the New York Post.
Holloway alleged that she was swindled by a scammer pretending to be a French entrepreneur called “Fred” after they matched on Tinder in March. Fred persuaded Holloway to invest in cryptocurrency after the crash of Silicon Valley Bank, she said.