Canadians are losing millions of dollars to a devastating new cyber-scam known as “pig butchering.” It's a long-term con that combines romance scams, crypto fraud and investment schemes. CBC Marketplace talks to people who've lost their life savings and the trust of their loved ones as a result of this scam. And in a surprising twist, we reveal that many of the perpetrators are victims themselves, forced into a life of scamming. If you think you or somebody you know may be a victim of a scam, report it to the Canadian Anti-Fraud Centre. #Crypto #Scam #Marketplace 00:00 - ‘Pig butchering’ playbook 13:54 - Are scammers victims, too? 18:58 - Confronting the other side 20:17 - Talking to LinkedIn and Facebook »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX Follow CBC News on TikTok: https://bit.ly/3TnHioe Follow CBC News on Twitter: http://bit.ly/1sA5P9H Find CBC News on Facebook: http://bit.ly/1WjG36m Follow CBC News on Instagram: http://bit.ly/1Z0iE7O Subscribe to CBC News on Snapchat: https://bit.ly/3leaWsr Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians. BAD ROMANCE: WHO'S CONNING CANADIANS? producer/director GREG SADLER reporter DAVID COMMON research producers TYANA GRUNDIG KATIE PEDERSEN associate producer KATIE SWYERS editor AARON TAYLOR camera NORM ARNOLD DAVID MACINTOSH JOHN LESAVAGE SAMUEL MARTIN MIKAEL ENLUND NOPAKORN THEINSIRI additional footage POND5 art director DAVID ABRAHAMS graphic designer MICHAEL TINNING media management ASTORIA LUZZI social media producers AMARA MCLAUGHLIN BRITT PURDY colour correction KYLE J. SMITH sound mix DANY TREMBLAY project manager VICTOR KERR resource coordinators MARC CORMIER DRAGAN MARICIC news rollout producer JENNY COWLEY packaging editor BENNY KOSHY packaging producer LINDA SIBONY promo producer GREG SADLER senior producer TIFFANY FOXCROFT executive producer NELISHA VELLANI FIRST BROADCAST February 9, 2024