The fake account was full of aspiration, interspersed with get-rich-quick hard sell. Apart from the name, it looked like it was from a trusted source: me.
It started as a trickle and soon became a flood. One recent Sunday, friend after follower began messaging me one thing: my professional Instagram account had been hacked. As it turns out, not hacked so much as cloned and maliciously corrupted.
Even in that older cohort, social media is the second most common source of financial advice, after friends and family. Last week, I had a one on one with ASFA chief executive Mary Delahunty about the dangers. Whether frauds skim the base content from legit social media pages, as they did with mine, or build it from scratch, you’re talking about accounts set up with the explicit purpose of defrauding people. So how can you check what you see on social media?, is verified with a blue tick that proves it is operated by who it says it is. The impostor account was not.Make sure the people you’re listening to are qualified to tell you what they’re telling you.
Meanwhile, I kept messaging the scammers that “I was ‘on to them’“… and screenshotting, tagging, sharing and shaming them from my genuine account.
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