Retiree Falls Victim to Pig-Butchering Scam and Decides to Sell His House After Spending Half a Million

Gary Dalrymple, a retired man from Texas, suffered a terrible pig-butchering scam. He was guided by a scammer to invest $500,000 into cryptocurrency, only to end up with nothing. He had to work again and planned to sell his house.

According to CBS News Texas, Dalrymple texted Gianna, a pretty-faced blonde female, on the dating site Silver Singles.

After Dalrymple sent her a smiley face emoji, the two began talking. They texted each other from morning to night, sharing their lives, and talking about everything from family, and experiences to life goals.

After two weeks, Gianna asked him if he knew anything about cryptocurrencies, and Dalrymple accepted her guidance on investing in the digital asset.

Over the next few months, Dalrymple accumulated more and more money through cryptocurrency investments as he continued the relationship with Gianna.

Gianna even asked him to borrow money to continue investing. So Dalrymple cashed out $401,000 from others, while his family and friends knew nothing about the relationship or the investments.

In the end, Dalrymple paid $500,000 for this cryptocurrency investment but got nothing for it. The retiree had to start working again and even planned to sell his house.

Remorseful, he said, “It’s kind of tough … Why me? Why didn’t I catch this? Why was I so shortsighted?”

Investment fraud is one of the scams that causes the most serious losses to the public. When it is combined with pig-butchering scams, victims have to face financial losses and suffer from emotional damage. The public is advised to be cautious in accepting investment advice from strangers to avoid investment scams.