Julian Morgans

I was explaining in the previous episode how scammer farms, they've got this whole customer service center of like young women who get on the phones. But for whatever reason, Troy requested a phone call but didn't get patched through.

I was explaining in the previous episode how scammer farms, they've got this whole customer service center of like young women who get on the phones. But for whatever reason, Troy requested a phone call but didn't get patched through.

What was the response?

What was the response?

Oh, geez. So how did the conversation pivot from you're so handsome, you know, romance stuff to, hey, can you send me money? Like, where did that come in?

Oh, geez. So how did the conversation pivot from you're so handsome, you know, romance stuff to, hey, can you send me money? Like, where did that come in?

Alright, I'm not going to go really deep on how this scam worked because honestly, it's dense. But basically, Troy fell for a subgenre of a pig butchering scam. It's known as a liquidity mining scam. And if you're confused by those words, don't worry about it. You're supposed to be. The whole scam works by confusing people.

Alright, I'm not going to go really deep on how this scam worked because honestly, it's dense. But basically, Troy fell for a subgenre of a pig butchering scam. It's known as a liquidity mining scam. And if you're confused by those words, don't worry about it. You're supposed to be. The whole scam works by confusing people.

Basically, Troy was told that he'd be making money by investing it in a kind of fund. So he exchanged his real money, US dollars, for a real currency, real cryptocurrency called Tether, which he kept in his own online wallet. But he thought it was his own wallet. But actually, his online girlfriend had set it up for him. And the wallet, it had a hole in it.

Basically, Troy was told that he'd be making money by investing it in a kind of fund. So he exchanged his real money, US dollars, for a real currency, real cryptocurrency called Tether, which he kept in his own online wallet. But he thought it was his own wallet. But actually, his online girlfriend had set it up for him. And the wallet, it had a hole in it.

So every time that Troy deposited money, it was immediately withdrawn by the scammers. So did you realize what was happening immediately or did it take you a while to clue on?

So every time that Troy deposited money, it was immediately withdrawn by the scammers. So did you realize what was happening immediately or did it take you a while to clue on?

So they gave you this sense of urgency.

So they gave you this sense of urgency.

So he went and took a loan from an online money lender, one with a really nasty interest rate on repayments. And these like financial institutions, you know, loan companies, banks, whatever, there was no kind of like warning process or there was no stage in that application process where they were like, what is this for? Are you being scammed?

So he went and took a loan from an online money lender, one with a really nasty interest rate on repayments. And these like financial institutions, you know, loan companies, banks, whatever, there was no kind of like warning process or there was no stage in that application process where they were like, what is this for? Are you being scammed?

So you told your friends what was going on at the time? I did. Not a single person even voiced any concern or like nothing like that?

So you told your friends what was going on at the time? I did. Not a single person even voiced any concern or like nothing like that?

Okay.

Okay.