Money Flipping Fraudsters Target Vulnerable Instagram Users
For more info: https://www.ncsc.gov.uk/guidance/mitigating-malware-and-ransomware-attacks If you have been a victim of fraud or cyber crime, report it to Action Fraud Unsolicited offers
- Never respond to any requests to send money, or have money transferred through your account, by someone you don’t know and trust. Fraudsters approach (or are approached by) victims via Instagram and claim to only require an initial investment of a few hundred pounds which they say will be used to trade on the stock market or to buy and trade foreign currency (Forex) until they have multiplied the investment several times within a matter of days which is paid to the victim after a small commission is deducted for the service. In reality, once the initial investment has been transferred the victim is given a series of excuses as to why their money and ‘profits’ cannot be returned unless more money is sent. Eventually all contact is severed and the victim is blocked by the suspect.
Below are some tips to avoid becoming a victim of investment fraud... Investment opportunities
- Don’t be rushed into making an investment. Remember, legitimate organisations will never pressure you into making a transaction on the spot. Seek advice first
- Speak with a trusted friend or family members, and seek independent professional advice before making significant financial decisions. Seek advice first
- Speak with a trusted friend or family members, and seek independent professional advice before making significant financial decisions.