Global Asset Managers Face ‘Pig Butchering’ Scams in China
Global asset managers entering China, such as Fidelity International and Neuberger Berman, are struggling with scams where online fraudsters use their logos and brands to entice investors with fake high-return promises. This scam, known locally as “pig butchering,” involves fraudsters luring victims with attractive returns before disappearing with their money. New market players like VanEck […]
