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International Business Times UK
International Business Times UK
Business
Will Lorca

Saved by ChatGPT: Widow's £1M Scam Confirmed—Her Home Still at Risk

‘Pig butchering’ scams fake intimacy over months to steal savings, often targeting the elderly and widows. (Credit: Matheus Bertelli/Pexels)

Margaret Loke typed a question into ChatGPT. The AI's response was clear and straightforward: this was a scam. By the time she realised the truth, almost £1 million had disappeared. Her home was next in line.

The widow in her 70s from San Jose withdrew £672,000 from her entire IRA retirement savings and borrowed another £300,000 through a second mortgage on her previously paid-off house. All of it was transferred to a scammer posing as a romantic interest.

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