In this week’s episode of The Dark Side of Finance, CEO and co-founder of PAX Financial Group, Darryl Lyons, explores a chilling "pig butchering" scam that tragically ensnared a 75-year-old retiree. Through gripping narratives and detailed analyses, he reveals the psychological manipulations and deceptive tactics used by today's financial criminals to build trust and manipulate their victims into devastating losses.

Key show highlights include: 

*A detailed examination of the "pig butchering" scheme, where scammers build trust and manipulate victims into investing large sums of money.

*The heartbreaking story of a 75-year-old retiree who fell victim to a financial scam, thus losing his life savings in the process.

*An explanation of the psychological tricks and emotional manipulations scammers use to gain their victims' trust and exploit their vulnerabilities.

* Practical tips and strategies to safeguard your finances and protect your loved ones from becoming victims of financial crimes.

Tune into this week’s episode and join us on this journey to uncover the truth behind financial crimes and arm yourself with the knowledge to stay safe. Keep your head on a swivel, and let's navigate this dark side together. If you enjoyed the episode, be sure to share with a family member or a friend!

Resources: 

‘She Hooked Me’: How an Online Scam Cost a Senior Citizen His Life’s Savings - WSJ