Scammers are using adverts for sham investment schemes to con money out of UK Instagram users, a British anti-fraud agency has warned.
Action Fraud, the UK’s national reporting centre for fraud and cyber crime, has cautioned users of the photo-sharing platform after hundreds of people got in touch with it to say they had lost money after falling for bogus “get rich quick” investment schemes advertised on the Facebook-owned service.
In total, 365 reports were made to Action Fraud about these types of scams between October 2018 and February 2019.
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