Online fraudsters tricking UK Instagram users out of millions through bogus ‘get rich quick’ schemes

Online fraudsters tricking UK Instagram users out of millions through bogus ‘get rich quick’ schemes

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.

By  Matúš Tóth

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