Scammers make billions convincing victims of love


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Halfpoint | Istock | Getty Images The road to Kaimi's ruin started in December, with an Instagram message about a Japanese monkey from a handsome stranger who called himself Mike. Over the coming months Mike and Kaimi would develop a friendship that quickly evolved into a romance. Kaimi had no idea he had become ensnared in a romance scam known as "pig butchering," from the Chinese phrase sha zhu pan — the name coming from the idea that scammers must "fatten up" victims first with flattery and fake bonding before stealing their money. Experts told CNBC it's easy to dismiss...