Description
In this episode TRM's Ari Redbord sat down with Santa Clara Prosecutor Erin West of REACT Task Force at ACAMS in Las Vegas. Erin, the conference's keynote speaker, discussed her journey and why she has a laser focus on rooting out "pig butchering."
In pig butchering, also-known-as "romance scams," scammers encounter victims on dating sites, social media websites, or even random texts masquerading as a wrong number. Scammers initiate relationships with victims and slowly gain their trust, eventually introducing the idea of making a business investment using cryptocurrency. Victims are persuaded to invest money and once the money is sent to the fake investment app, the scammer vanishes with all the victim’s money. The term “pig butchering” comes from the idea of “fattening” up the victim as much as possible before stealing the money. These cases often involve victims who have lost their life savings, leaving the victims devastated and desperate for help.
In this episode, Erin discusses the scourge of pig butchering and how she is leveraging blockchain intelligence to counter the threat including through the Tracer Fellowship program, a partnership with TRM Labs and her Crypto Coalition, through which TRM is offering a 12-month fellowship program which will award a select number of active law enforcement investigators free active to TRM's platform.
In the episode of TRM Talks, Ari Redbord, TRM's Global Head of Policy, sits down with crypto lawyer Matt McGuire, Partner at Arktouros, to get his perspective on the key legal issues in the cryptoverse. Their discussion covers the gambit: sanctions to securities, consumer protection to anti-money...
Published 11/06/24
In the episode of TRM Talks, Ari sits down with Santa Clara County, California prosecutor Erin West of the REACT Task Force to discuss the double victimization of pig butchering scams, the importance of a whole of government and private sector approach, and how stopping scams from happening in...
Published 10/23/24