Good News in the War Against Pig Slaughter Scams
Everyone knows the bad news. There are a thousand or more variations, but basically it comes down to one thing. Someone meets a friend online, who always promises quick and large returns. The victim gets lured into trading, gambling, or whatever else works to move money to some person or company the friend recommends as a sure way.
On the other side of this particularly evil coin, some of those friends luring victims to their fiscal doom are happy participants in scams, but a surprisingly large percentage of them were lured to what looked like a legitimate job, only to find themselves enslaved (yes, literally being used as slaves) and forced to scam. Torture with electricity is one of the lesser methods of forcing cooperation. I would sleep better if I didn't know about what can happen to people who keep refusing to help the scammers if electric shocks are not enough to get them to cooperate.
Nearly all of those running these scams aren't stupid. Where possible, they try to make the initial financial transactions very hard to trace and they quickly launder any money they get their hands on.
To make it worse, most of these crime are launched across international borders. The largest known concentrations of them are in Myanmar and Cambodia, but this happens in many other places too. The criminals have typically bribed the local authorities (or even higher authorities), so they often are tipped off if a police raid is scheduled.
Are you depressed yet? Do you think victims should just learn to live with their losses and not waste any time reporting it since nothing will ever happen to the scammers. If you think this, you are WRONG.
There is some very good news regarding this problem. Despite all the difficulties hunting these people down, enough victims have provided enough information to law enforcement and regulators that more and bigger actions are being taken.
Every report gives the authorities a little bit more information and brings the scamming group a little closer to a surprise visit by a multinational team.
This thread is for reports of police and regulatory actions against Pig Slaughter style scammers. If you have already been scammed by one of these groups, open a PROBLEM thread in the Financial Companies Comparsions and Discussions folder. I also have instructions about where to file reports in my book about fighting back against scammers on the Where to Complain about Pig Slaughter Type Romance Scams page.
If you do add a reply to this thread with an article about a Pig Slaughter group getting busted, keep copyrights in mind. A summary and a few select quotes is fine as long as you also include a link back to the article. A direct quote of a news article is a copyright violation. Regulator and police pages are generally fine with copying all the text, but you should still include a link back to the original.
I'd like to thank @The Punisher for all his hard work against these scams and for suggesting a thread for reporting successes.