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Beware of "Pig Butchering" Cryptocurrency Scam

Government and Politics

August 8, 2022

From: Florida Governor Ron DeSantis

Floridians,

This week, I issued a consumer alert warning all Floridians to beware of a recent cryptocurrency scam known as "pig butchering" or "pig slaughtering." These scammers are getting people to put large sums of money into a cryptocurrency investment scheme, only to "fatten them up" and disappear with the vast sum of invested money. We embrace emerging technology here in Florida, but consumers have to be on the look out for scams like this, as cryptocurrencies become increasingly popular. Always remember, if an opportunity sounds to good to be true, it is. 

On Tuesday, I announced the arrest of eight unlicensed contractors in Manatee County, who were both working without the necessary contractor license, and doing construction without workers compensation insurance or workers compensation insurance exemptions. What these contractors did is not only illegal, but extremely dangerous. They took advantage of hard working Floridians, just to save a few bucks, meanwhile putting the customers and employees at risk. I applaud the teamwork between between my fraud detectives and the Manatee County Sheriff's Office, the NICB and the State Attorney's office on this successful sting operation that led to bringing these bad actors to justice. 

Lastly, earlier this week I announced the return of more than $26 million in unclaimed property to Floridians during July. It is thrilling to see such an amazing injection of cash into Florida's communities and it is my mission to continue to return every cent of unclaimed property back into the pockets of Floridians. Search now for yourself, your friends, your loved ones, and even your business at FLTreasureHunt.gov. It's your money, claim it now!