Those Investment Ads on Facebook Are Scams

Investment fraud is not something new: bad actors have used for a long time Pump and cast tactics To swallow stocks or crypto currencies to hunt emotions such as fear and greed. And who, especially in the midst of tariffs and other economic turmoil, will not return to their money in a large, even steady way?

Frauds are currently taking advantage of fraudulent Facebook ads to allow users to deliver large amounts of money. It is described below how to detect these plans and prevent the victim from falling down.

Accordingly A group of 42 state lawyersExisting fraudulent investment campaigns also have elements of swagging fraud.

The program begins with advertisements on Facebook, with other rich individuals, such as Warren Buffet and Elon Musk (none of which are real connections with advertising), with the leading investors of Ark Investment Management’s Cathie Wood, Joe Kernan from CNBC and Tom Lee of Fundstrat. If you click on the ad, you will be asked to download or open WhatsApp to join an investment group.

The pump and casting start here. “Experts” in the group advise the members to purchase certain stocks, inflate the price, and sell and profit in turn. The letter, which detares the deception to AG Meta, contains reports of individuals who lost $ 40,000 to $ 100,000 or more after clicking on a fraudulent ad on Facebook.

Other investment fraud caused by Facebook Cyber ​​criminals harvest sensitive personal information through fraudulent investment platforms (also imitating their famous approval).

INVESTMENT SCAM to watch red flags

For many people, it is clear that you should not get your investment advice from a Facebook ad or WhatsApp group. But fear and greed are strong emotions, and fraudsters rely on these social engineering tactics that work at least for a while.

Therefore, you should be careful against any advice from a unrealistic rate of return and celebrities, political figures and the approval of well -known investors (almost certainly not confirming nothing). It is also a good application not to click ads on Facebook, which is easy to spread fraud and malware.

A symptom of scam is content or communication that seems to have been created by AI. After joining a WhatsApp group, A researcher from the Chief Public Prosecutor’s New York office He was called by a scammer who uses AI to turn his speech into English. Unfortunately, if we want to believe what we see emotions, it can cloudy our ability to define the content created by AI.