Four Local Banks Warn of Fast Growing Scams Around the Holidays

Tuesday, November 4th, 2025 -- 1:01 PM

As the holiday season approaches, four local banks (AbbyBank, Forward Bank, Northwestern Bank, and Prevail Bank) are coming together to warn their communities of two fast-growing fraud schemes: pig butchering scams and charity scams.

Pig butchering scams, named for the way fraudsters “fatten up” victims before financially draining them, often start with a simple text, social media message, or dating app introduction.

Criminals build trust over weeks or months, creating the illusion of friendship or romance. Once a connection is formed, victims are persuaded to make investments, usually in fraudulent cryptocurrency platforms, that result in devastating losses.

“Scammers use emotional manipulation to gain trust,” said Andrew Henning, AVP of Compliance at Northwestern Bank. “During the holidays, people may feel more vulnerable to loneliness or more open to generosity, making these schemes even more effective.”

Charity scams, meanwhile, prey on the goodwill of the season. Fraudsters may create fake charities, mimic the names of legitimate ones, or use high-pressure tactics to solicit donations. These scams not only steal money but can also divert much-needed support from legitimate organizations.

“The holidays bring out the best in people, but unfortunately, scammers exploit that kindness,” said Jennifer Sobotta, VP/Marketing Director at Forward Bank. “If you’re asked for a donation, take the time to verify the charity before giving.”

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