Tag: pig_butchering

FinCEN Uncovers Nearly $13 Billion in Digital Asset Scams, Urges Vigilance

3 Sep 2026 3:25 p.m. · Source: Financial Crimes Enforcement Network

FinCEN warns financial institutions about nearly $13 billion linked to sophisticated digital asset investment scams, often called 'pig butchering,' operated by overseas criminal organizations, urging vigilance and reporting.

Politics and Government Business Law Enforcement Federal Government Banking Financial Markets Asia FinCEN Digital Assets Scams Fraud Financial Crimes Pig Butchering Southeast Asia Financial Crimes Enforcement Network
Edison Man Sentenced to 51 Months for Laundering Internet Fraud Proceeds

10 Jun 2026 12:13 p.m. · Source: FBI

Edison, New Jersey man Kenny Osas Okuonghae received a 51-month prison sentence and $1.2 million restitution for laundering over $500,000 from internet scams, including romance and 'pig butchering' schemes.

Law Enforcement Business Science & Technology Legal Computers and Internet Banking Social Issues Kenny Osas Okuonghae Edison New Jersey money laundering internet fraud romance scams pig butchering FBI