A Castle Rock woman who allegedly collected $3.4 million from people she contacted online through her fake identity attempted to hide her earnings in cryptocurrency and overseas accounts after being warned about her illegal activity, according to authorities.
Lori Ann Kimball, 52, faces two dozen federal charges following a grand jury indictment announced July 24.
Without providing specifics about the nature of her actions, prosecutor’s with the United States Attorney’s Office for the District of Colorado referred to Kimball’s fraud as “pig butchering.” It’s a type of scam which federal authorities have recently warned consumers about. The fraudsters shower their victims with attention prior to pinching them for funds.
“This scam is named in reference to the practice of fattening a pig before slaughter,” the Federal Deposit Insurance Corporation (FDIC) stated in a press release. “It is a type of confidence and investment…
