Fraudsters are constantly inventing new ways to exploit unsuspecting victims, and one of the most concerning modern scams involves impersonating the Social Security Administration (SSA). Dubbed the “long-con” or “pig butchering” scam, it starts with fake tech support emails from companies like Amazon or PayPal. These emails aim to connect potential victims with individuals posing as SSA employees. Once trust is established, the imposter claims that the victim’s Social Security Number or related records are compromised. The scam is designed to gradually build confidence with the target, typically older individuals, who are led to believe that their personal information is at risk.
Initially, it starts with a fraudulent email exchange and escalates when the victim interacts with the fake SSA representative, who conveniently identifies bogus issues. Not only do these con artists have well-researched details about their victims, but they also manipulate situations to meet in person, often convincing targets to hand over valuables under the guise of 'safekeeping.' A notable example involves Lori English from Ohio, who lost $500,000 from her retirement savings. English was a victim of this cruel scam; she was instructed to purchase gold with her hard-earned money, which she eventually handed over to the scammers.
Pretending to conduct a thorough investigation, these fraudsters made English believe her Social Security Number was implicated in a criminal operation involving drugs and money laundering. Throughout extended phone conversations that lasted months, the scammers skillfully maintained their facade. English lamented their sly nature, stating they had a convincing answer for every doubt she raised, leaving her firmly believing in their fabricated claims. In her words, 'All of my dreams are gone. Everything is gone,' highlighting the emotional and financial devastation caused by the scam.
These long-con scams are particularly devastating due to the victims' prolonged engagement, draining them of their life savings. Anthony Monaco, a Special Agent in Charge at the SSA, likened the scam to 'pig butchering'—a process where the victim is 'fattened up' before being exploited of all their resources. To combat this, the SSA recommends vigilance and awareness. They urge anyone receiving suspicious communications to be wary and alert for warning signs such as unsolicited contacts claiming urgency, offers that require secretive payments, and requests for personal financial information.
By staying informed and cautious, potential targets can protect themselves from falling victim to such elaborate and damaging frauds.
