Investment scam targets Instagram users

guest · Feb 25, 2019

Investment scam targets Instagram users
February 25, 2019
https://www.bbc.com/news/business-47358892

Action Fraud, a UK police-led awareness centre, said there had been a surge in activity in recent months by fraudsters posting about get-rich-quick schemes.

Victims are promised high returns within 24 hours, but the fraudsters demand fees and then disappear.
Those tricked lost a collective total of more than £3m, but more is expected to have been stolen as some victims may not have reported their losses.
Common scam
Investment fraudsters often use professional-looking images and may promise free research reports, special discounts and "secret" stock tips.
Inspector Paul Carroll, of Action Fraud, said: "Opportunistic fraudsters are taking advantage of unsuspecting victims who are going about their day-to-day lives on social media."
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Action Fraud: Instasham: Fraudulent investments being advertised on social media

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Investment scam targets Instagram users

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