Instagram Fraud notification

Published: 13 August 2020

We have received a alert from Action  Fraud police department giving notification of a large scam that is taking place.

During June 2020, Action Fraud received 164 reports from individuals falling victim to fraudulent investment schemes, commonly referred to as a ‘money flipping’ service offered by users on the Instagram social media platform. These reports have amounted to a combined financial loss of £358,809.

For the full details see the Action Fraud investment fraud bulletin