Whatsapp scams instagram3/16/2023 ![]() “If you think you have been a victim, contact Action Fraud.” “It’s vital that you follow the simple steps below to make sure you don’t fall victim to this fraud. “Opportunistic fraudsters are taking advantage of unsuspecting victims who are going about their day-to-day lives on social media. Inspector Paul Carroll, of Action Fraud, said: ![]() Victims have requested to withdraw their funds while they’re still in profit, and at this stage the fraudsters are stopping contact with the victim and closing the Instagram account. ![]() Fraudsters are then sending screenshots of thousands in profit crediting their accounts, which they claim can be released for a fee. Victims are then making payments via bank transfer to the fraudster’s bank account. A £600 investment is initially requested which fraudsters claim will be multiplied within 24 hours. ![]() The total loss was a shocking £3,168,464 – an average of £8,900 per person.Īction Fraud has seen an increased number of investment schemes being advertised on Instagram over recent months, with young people aged between 20 and 30 the most likely to fall victim.įraudsters are advertising ‘get rich quick’ investment schemes on the app, which promise a high return within 24 hours.Between October 2018 and February 2019, 356 reports of this fraud were made to Action Fraud.Action Fraud is warning Instagram users to be wary of fraudulent investment posts offering ‘get rich quick’ schemes on the app. ![]()
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