The New Jersey Bureau of Securities issued a cease and desist order to the owners of three websites, directing them to stop trying to con people looking for love into investing in their fraudulent cryptocurrency scams. The order was issued in response to the discovery by the New Jersey Bureau of Securities that the owners of these websites were targeting people looking for love. The New Jersey Office of Securities discovered that the websites were specifically targeted at people interested in romantic relationships, which led to the issuance of the order. The New Jersey Bureau of Securities conducted an investigation into the websites in question, and based on the results of that investigation, the agency made the decision to issue the order.

Cease and desist orders were reportedly sent to the firms Meta Capitals Limited, Cresttrademining Limited and Forex Market Trade, according to a press release New Jersey Attorney General Matthew Platkin published on February 3. . The state Attorney General’s office made Platkin’s statement available to the general public.

All three companies purported to be cryptocurrency trading platforms and convinced their clients that they could significantly increase the amount of money they had in their accounts if they simply replicated the actions taken by the “expert traders” employed by the companies. However, clients lost all their money because the companies only pretended to be platforms for cryptocurrency trading.

By contacting people who use dating apps like Tinder to search for love connections, these organizations recruit new victims for a scam often referred to as “slaughtering pigs.”

Scammers will contact potential victims on social media, attempt to develop a romantic relationship with them, and once they have gained the trust of their victims, attempt to trick them into investing in a fake bitcoin investment scheme. This type of fraudulent behavior that takes place online is known as “pig slaughter” and has its own nickname.