Scammers are using instagram to lure their victims into ‘investing’ into a money flipping scheme. New victims are enticed with images of cash which the criminals claim to have earned by way of their scheme.
The "investor" promises a simple start-up process and easy returns - $100 or more on a prepaid debit card. The greater the value, the more money you can make. Then, share the card number and PIN, and the "investor" will do the rest.
Unfortunately, giving out the card number and PIN allows the "investor" to withdraw money from the card. Typically, the scammer drains the card and then blocks you from contacting their social media account.
Readers are advised to research any business or business correspondent before replying, especially from unsolicited communications. Use of prepaid debit cards are commonly used in fraudulent transactions. Anyone offering unfathomable returns on investment should be treated with immense suspicion, scammers are fond of making outlandish promises.
0 comments:
Post a Comment