Greg's Corner

Tagged: social media Toggle Comment Threads | Keyboard Shortcuts

• 

  Geebo 9:00 am on February 24, 2025 Permalink | Reply
  Tags: investment scams ( 11 ), pump and dump, Scams ( 1,439 ), social media, stock market ( 2 )   

  Pump-and-Dump Social Media Scam Exposed 

  

  By Greg Collier

  Investors are being targeted by a sophisticated scam that uses modern communication channels to orchestrate fraudulent stock market schemes. Charles Schwab & Co. recently warned that this scam exploits the allure of quick riches to manipulate market prices and leave unsuspecting participants with heavy financial losses.

  The operation unfolds on various social media platforms and messaging services. Fraudsters construct convincing online profiles that mimic notable financial professionals and industry experts. By presenting themselves as trusted sources, they build credibility and attract a following. Once they have established an air of legitimacy, they invite potential investors into private online groups. In these groups, pressure is subtly applied to encourage rapid investment in specific stocks. The false and misleading information shared in these circles is designed to generate a buying frenzy that artificially inflates the price of the targeted security.

  At the height of the excitement, when the price has been driven to an unsustainable level, the operators behind the scheme quickly sell off their shares at the elevated price. The rapid exit leaves a void, and the stock’s value plummets, often leaving investors with devalued shares and significant losses. The scam relies on the inherent trust people place in reputable communication channels, using both cutting-edge digital tools and more traditional methods like text messages and phone calls to reach a wide audience.

  Another disturbing aspect of this fraud is the degree of manipulation involved. The orchestrators not only pressure individuals to invest, but may also guide them through the trading process. In some cases, they even offer detailed instructions on how to act during inquiries or scrutiny, all in an effort to keep the scheme hidden from regulators and outside observers.

  The lesson for anyone involved in the investment world is to remain cautious and well-informed. Unsolicited offers promising rapid profits, especially those delivered through private groups or unverified channels, are red flags. Trust should be reserved for advice from verified, established sources, and any pressure to act quickly should be met with skepticism.

  Staying alert and recognizing the warning signs can help protect both your assets and your financial future. In today’s digital landscape, where information is abundant and not always reliable, diligence is the best safeguard against schemes designed to exploit the unwary.

   

  Leave a ReplyCancel reply
• 

  Geebo 9:00 am on February 19, 2025 Permalink | Reply
  Tags: Chase ( 15 ), impersonation scam ( 162 ), JPMorgan Chase ( 2 ), Scams ( 1,439 ), social media, Zelle ( 69 )   

  Chase Blocks Zelle Payments to Social Media 

  

  By Greg Collier

  JPMorgan Chase Bank (Chase) is making a significant change to its Zelle payment policies in an effort to curb the growing number of online scams exploiting the service. Beginning March 23, Chase will start blocking or delaying Zelle payments to accounts identified as originating from social media contacts, a move designed to protect customers from fraudulent transactions.

  As reported by Bleeping Computer, this decision comes in response to alarming trends in scam reports from Chase customers between June and December 2024. Nearly half of all fraud cases involving Zelle were traced back to social media interactions. Many of these scams involve bad actors posing as legitimate sellers, tricking unsuspecting users into sending money through Zelle under the assumption that they are making a secure purchase. However, since Zelle transactions lack purchase protection, victims often have no recourse once the money is sent.

  Chase is now reinforcing its stance that Zelle should only be used to transfer money to known and trusted recipients. Customers will receive warnings and may even be required to provide additional details when adding new recipients or setting up transactions that appear to carry a high risk of fraud.

  This policy shift also aligns with a broader regulatory push. The Consumer Financial Protection Bureau (CFPB) has been scrutinizing Zelle’s operator, Early Warning Services, along with major banks like Chase, Bank of America, and Wells Fargo. A lawsuit filed by the CFPB in December alleges that these banks rushed Zelle into the market without adequate consumer safeguards, leading to massive financial losses for users. Since its launch, Zelle-related scams and fraud have reportedly cost customers over $870 million, with many victims left to recover their lost funds on their own due to a lack of bank intervention.

  While Chase’s new policy marks a step in the right direction in tackling scams linked to social media, it does not fully address a major issue plaguing Zelle users, bank impersonation fraud. Scammers posing as bank representatives continue to deceive customers into moving their own money under the false pretense of protecting it. Victims are often led to believe they are securing their accounts when, in reality, they are transferring their savings directly into the hands of fraudsters.

  The changes introduced by Chase will likely help reduce fraud originating from social media platforms, but consumers must remain cautious. Scammers continuously evolve their tactics, and as long as payment services like Zelle lack built-in fraud protection, users must exercise extreme caution when transferring money online.

   
• 

  Geebo 9:00 am on January 29, 2025 Permalink | Reply
  Tags: Facebook ( 181 ), hoax ( 4 ), Scams ( 1,439 ), serial killer hoax ( 2 ), social media   

  Fake Killers Alert: The Scam Behind the Panic 

  

  By Greg Collier

  In recent weeks, communities across the United States have been targeted by alarming social media posts warning of killers on the run. These posts, often crafted to incite panic and urgency, are spreading rapidly through platforms like Facebook, particularly in informal groups such as local yard sale pages. Despite their convincing appearance, authorities have confirmed that these posts are scams designed to manipulate and exploit unsuspecting users.

  The posts generally follow a predictable pattern. They claim a dangerous situation is unfolding nearby, such as a pair of suspects fleeing after committing violent crimes. The tone is always dire, urging residents to share the information widely and take immediate precautions. While these messages may appear credible at first glance, a closer look reveals their recycled nature. Law enforcement agencies have noted that the same images and stories are being used in different parts of the country, slightly altered to fit the targeted location.

  The purpose of these scams is more insidious than simply spreading misinformation. By preying on people’s instinct to help or protect their communities, scammers aim to generate viral engagement. Once the post has gained significant traction and shares, it can be edited to include a scam offer, such as a fraudulent link, a fake charity appeal, or a phishing attempt. These links often lead to malicious websites designed to steal personal information or install harmful software on devices.

  Authorities have emphasized the importance of verifying the authenticity of such posts. It is unlikely that law enforcement would use informal community groups as the primary method to disseminate critical information. Instead, updates on genuine emergencies are typically shared through official channels, such as police department websites, verified social media accounts, or trusted news outlets. People are encouraged to report suspicious posts directly to the relevant platform or local law enforcement to help prevent further harm.

  The rapid spread of these fake alerts highlights the growing challenge of navigating misinformation in the digital age. Scammers are becoming increasingly sophisticated, exploiting both the trust within online communities and the immediacy of social media. To counteract this, users must remain cautious and critical of what they see online, particularly when posts are designed to provoke strong emotional reactions.

  By staying informed, individuals can help curb the spread of these scams and protect their communities from falling victim to malicious actors. Taking a moment to verify information before sharing it can make all the difference in breaking the cycle of deception.

   
• 

  Geebo 9:00 am on December 6, 2024 Permalink | Reply
  Tags: Facebook ( 181 ), Robert Thibodeau, Scams ( 1,439 ), serial killer hoax ( 2 ), social media   

  Serial Killer Social Media Post is a Scam 

  

  By Greg Collier

  A disturbing social media scam has been making the rounds across Facebook, alarming communities in Southwest Florida and beyond. The post, which began circulating in early this month, falsely claims that a serial killer named ‘Robert Thibodeau’ is targeting residents in local neighborhoods. The fabricated story alleges that this individual approaches homes under the pretense of being homeless before attacking victims with a knife or stealing from unsuspecting individuals.

  Despite the viral nature of the post and its widespread sharing in local community groups, law enforcement has confirmed that the claims are entirely untrue. Authorities in Southwest Florida have emphasized that this is a hoax designed to manipulate emotions, create fear, and ultimately exploit individuals for financial gain or personal information.

  These scams often prey on our natural inclination to protect ourselves and our loved ones. The detailed narrative and emotionally charged content make it highly shareable, even among those who might otherwise be skeptical of unverified online information. This particular scam follows a well-worn pattern. Initial fearmongering posts are later replaced by fraudulent promotions for giveaways, cryptocurrency, or fake charities, all designed to extract money or data from unsuspecting users.

  Unfortunately, this is not the first time such tactics have been used. Scammers have previously circulated similar stories featuring missing children who are not actually missing, exaggerated crime reports, or fabricated community emergencies. These tactics sow panic and erode trust within neighborhoods, creating undue danger by encouraging misinformed responses or misplaced vigilance.

  The repercussions of these scams extend beyond the immediate victims. By creating a false sense of alarm, they divert attention and resources from genuine safety concerns and disrupt the work of law enforcement. Misinformation spreads rapidly on platforms like Facebook, where sharing posts takes only seconds, but verifying their authenticity often goes ignored.

  Law enforcement agencies are urging residents to avoid sharing these posts. Instead, they recommend reporting the content directly to the platform where it appears or notifying group administrators to ensure its removal.

  Authorities have also reassured the public that they will promptly inform residents of any credible threats. Meanwhile, individuals are encouraged to remain vigilant against such scams and report suspicious incidents to local law enforcement, allowing professionals to investigate and address genuine concerns.

  Social media can be a powerful tool for fostering connection and disseminating important information, but it also has the potential to amplify harmful misinformation. Posts like these highlight the importance of critical thinking and verification before sharing content online. By resisting the urge to spread unverified claims, communities can help protect themselves from undue danger and prevent scammers from exploiting their trust.

  Remember, if something feels designed to provoke fear or urgency, it’s worth taking a moment to pause, verify, and report instead of sharing. A little caution can go a long way in preserving the safety and peace of mind within our communities.

   
• 

  Geebo 9:00 am on December 2, 2024 Permalink | Reply
  Tags: pyramid scheme ( 12 ), Scams ( 1,439 ), Secret SIster ( 6 ), Secret Sister Gift Exchange ( 5 ), social media   

  Secret Sister Exchange: A Holiday Scam 

  

  By Greg Collier

  As the holiday shopping season kicks into high gear, a familiar scam has resurfaced on social media, preying on the festive spirit of giving and community. Known as the Secret Sister Gift Exchange scam, it entices participants with the promise of abundant gifts in exchange for sending just one. The Better Business Bureau (BBB) has issued a timely warning. While these schemes may appear harmless or even joyful, they are, in fact, illegal pyramid schemes.

  At the heart of this scam is a tantalizing offer, send one gift, and in return, receive as many as 36 from others. Variations of the scheme include exchanging small, inexpensive items such as $10 gifts, bottles of wine, or other specialty items. The mechanics of the scam involve sending a gift to someone at the top of a circulated list, moving names around, and recruiting friends to join the exchange. Participants are lured by the idea of receiving a cascade of gifts from strangers, an outcome that never materializes.

  The reality is that this scheme is structured like any other pyramid scheme. It relies on an unsustainable cycle of recruiting new participants to keep the operation going. As soon as the chain is broken, which inevitably happens, most participants are left empty-handed. What started as a seemingly fun and generous activity often ends in disappointment and regret.

  Beyond its inherent flaws, engaging in these schemes carries legal consequences. According to the U.S. Postal Inspection Service, these gift exchanges violate laws designed to protect against fraudulent pyramid schemes. The illusion of harmless holiday fun does not exempt these operations from legal scrutiny.

  The BBB advises steering clear of these exchanges if they appear on your social media feeds. The best course of action is to ignore invitations to participate and report such posts to the platform to prevent further spread. This scam thrives on social networks, relying on unsuspecting users to perpetuate its cycle.

  As the season of giving unfolds, it’s important to channel generosity into legitimate and meaningful outlets. Contributing to recognized charities, helping neighbors in need, or participating in organized community events ensures your holiday spirit makes a genuine impact. While the promise of abundant gifts may seem alluring, the true joy of the holidays lies in sharing kindness and goodwill without strings attached.

   
• 

  Geebo 8:00 am on October 16, 2024 Permalink | Reply
  Tags: AI ( 20 ), artificial intelligence ( 2 ), BBB ( 20 ), deep fakes ( 6 ), family emergency ( 4 ), Scams ( 1,439 ), social media   

  How AI is Fueling a New Wave of Online Scams 

  

  By Greg Collier

  With the rise of artificial intelligence (AI), the internet has become a more treacherous landscape for unsuspecting users. Once, the adage “seeing is believing” held weight. Today, however, scammers can create highly realistic images and videos that deceive even the most cautious among us. The enhanced development of AI has made it easier for fraudsters to craft convincing scenarios that prey on emotions, tricking people into parting with their money or personal information.

  One common tactic involves generating images of distressed animals or children. These fabricated images often accompany stories of emergencies or tragedies, urging people to click links to donate or provide personal details. The emotional weight of these images makes them highly effective, triggering a quick, compassionate response. Unfortunately, the results are predictable, stolen personal information or exposure to harmful malware. Social media users must be on high alert, as the Better Business Bureau warns against clicking unfamiliar links, especially when encountering images meant to elicit an emotional reaction.

  Identifying AI-generated content has become a key skill in avoiding these scams. When encountering images, it’s essential to look for subtle signs that something isn’t right. AI-generated images often exhibit flaws that betray their synthetic nature. Zooming in on these images can reveal strange details such as blurring around certain elements, disproportionate body parts, or even extra fingers on hands. Other giveaways include glossy, airbrushed textures and unnatural lighting. These telltale signs, though subtle, can help distinguish AI-generated images from genuine ones.

  The same principles apply to videos. Deepfake technology allows scammers to create videos that feature manipulated versions of public figures or loved ones in fabricated scenarios. Unnatural body language, strange shadows, and choppy audio can all indicate that the video isn’t real.

  One particularly concerning trend involves scammers using AI to create fake emergency scenarios. A family member might receive a video call or a voice message that appears to be from a loved one in distress, asking for money or help. But even though the voice and face may seem familiar, the message is an illusion, generated by AI to exploit trust and fear. The sophistication of this technology makes these scams harder to detect, but the key is context. Urgency, emotional manipulation, and unexpected requests for money are red flags. It’s always important to verify the authenticity of the situation by contacting the person directly through trusted methods.

  Reverse image searches can be useful for confirming whether a photo has been used elsewhere on the web. By doing this, users can trace images back to their original sources and determine whether they’ve been manipulated. Similarly, checking whether a story has been reported by credible news outlets can help discern the truth. If an image or video seems too shocking or unbelievable and hasn’t been covered by mainstream media, it’s likely fake.

  As AI technology continues to evolve, scammers will only refine their methods. The challenge of spotting fakes will become more difficult, and even sophisticated consumers may find themselves second-guessing what they see. Being suspicious and fact-checking are more important than ever. By recognizing the tactics scammers use and understanding how to spot AI-generated content, internet users can better protect themselves in this new digital landscape.

   
• 

  Geebo 8:00 am on August 7, 2024 Permalink | Reply
  Tags: bait and switch, Facebook ( 181 ), found child, missing child ( 4 ), missing person ( 8 ), Scams ( 1,439 ), social media   

  Fake posts about the missing and found children 

  

  By Greg Collier

  In the digital age, social media platforms like Facebook have become prime targets for scammers looking to exploit users’ emotions and trust. Recently, two types of fraudulent posts have been making the rounds: one featuring a missing elderly woman holding a Yoda toy and the other showing ‘found child’ images. Both scams aim to manipulate users into sharing the posts, ultimately serving malicious purposes.

  The missing elderly woman scam involves posts about a woman with dementia, often seen holding a Yoda toy, circulating across Facebook, primarily in local buy-and-sell groups. These posts claim that the woman appeared at the poster’s house, supposedly taking the toy from their child. Each post urges users to flood their feeds to help find her family. However, these posts are nothing more than a bait-and-switch scam. The locations mentioned in these posts, such as Surprise, Arizona, and Cagliari, Italy, are inconsistent, which is a hallmark of such scams. A reverse image search reveals that the photo has been circulating since at least 2020, with different captions, none indicating the woman is missing. Scammers initially lure users with an emotional appeal, then change the post to contain links to malicious sites or deceptive rental ads.

  Similarly, the found child scam involves false posts appearing on Facebook, as warned by the Fort Smith Police Department (FSPD) in Arkansas. These posts use fake images of distressed or injured children, asking the public for help in sharing the post. Despite attempts to report them, many of these posts remain active due to Facebook’s reporting system limitations. Scammers aim to gather likes and shares, boosting their profiles through Facebook’s algorithms. By turning off comments, they prevent users from exposing the truth about the posts. Such posts cause unnecessary alarm and distress, prompting police to urge the public not to share them.

  To protect yourself, verify the credibility of the source before sharing any post about missing persons or found children. Check the poster’s profile for any red flags, such as recently created accounts or inconsistent location details. Conduct a reverse image search to see if the image has appeared elsewhere on the internet with different contexts or stories. Be cautious of posts containing links, especially those generated with URL shorteners, as they may lead to malicious sites. Report suspicious posts; even though reporting may not always be effective, the more reports a post receives, the higher the chance it will be reviewed and removed.

   
• 

  Geebo 8:00 am on July 30, 2024 Permalink | Reply
  Tags: artist scam, check scam ( 80 ), fake check ( 49 ), Scams ( 1,439 ), social media   

  Fake check scam hides behind ‘artist’ facade 

  

  By Greg Collier

  The fake check scam has been prevalent for decades. Scammers continually attempt to trick victims into depositing counterfeit or stolen checks into their bank accounts. After the check is deposited, the scammers request a portion of the money back, using various excuses.

  Our initial encounter with fake check scams was through the overpayment scam. In this scenario, online sellers post an item for sale on a marketplace website or app, and scammers send a counterfeit check for more than the asking price. The scammer then claims it was a mistake and asks for the ‘overpayment’ to be returned.

  In our view, the fake check scam is most commonly used in job scams. Typically, a fraudulent employer sends a check to the victim, instructing them to deposit it into their bank account. The victim is then told to use the money to buy supplies needed for the job. However, the supply vendor is also fake, resulting in the victim unwittingly giving the money back to the scammer.

  Unfortunately, most banks do not consider it their responsibility to wait for the check to fully process before making the funds available to the account holder. This often leaves scam victims owing their bank the full amount of the fake check.

  Recently, the Federal Trade Commission (FTC) issued a warning about a new tactic scammers are using to trick victims into depositing fake payments. This alert is warning consumers about an online scam involving an ‘artist’ who offers to pay you to paint your photo.

  The scam typically starts with a direct message on social media. You receive a compliment on one of your photos, and the sender expresses interest in painting it. They promise to send you a check in exchange for permission to use your image, which might seem flattering and harmless at first glance.

  Once you agree, the scammer sends you a check and instructs you to deposit it. You’re asked to set aside a portion of the funds to send back to the “artist” for supplies, with the assurance that you’ll keep the remainder. The scammer might even promise to reimburse you for any money you send back, making the offer seem even more enticing.

  Despite appearing legitimate, the check is fake. Initially, the funds may be deposited into your bank account, giving you a false sense of security. However, once you send money back to the scammer, you’ll soon discover that the check was counterfeit. This means you’ll be out of the money you sent, and the funds from the fake check will be withdrawn from your account.

  If someone you don’t know reaches out with an offer that seems too good to be true, it probably is. Be cautious of any requests involving checks and money transfers. If something feels off about the communication, trust your instincts. Scammers often use charm and flattery to gain your trust.

   
• 

  Geebo 8:00 am on July 10, 2024 Permalink | Reply
  Tags: Facebook ( 181 ), missing child ( 4 ), Scams ( 1,439 ), social media   

  Disturbing misuse of missing girl’s image in scam 

  

  By Greg Collier

  Last year, the abduction and subsequent discovery of a 9-year-old New York girl captivated the nation. Her safe return was a relief to many, but now, months later, her photo is being exploited in a series of deceptive Facebook posts. These posts have appeared in groups from the US to Australia, and are spreading misinformation about her still being a missing person.

  The first of these misleading posts surfaced on July 4th in a US-based swap and save group, quickly amassing 28,000 shares. Identical posts have since appeared in similar Facebook groups all around the world, garnering thousands of shares and spreading the false narrative globally.

  This misuse of the girl’s image is not just a harmless mistake but part of a more sinister trend. Scammers use these emotionally charged posts to manipulate public sympathy and gain widespread attention. These posts initially attract concern and shares, but scammers later alter them into deceptive ads or links.

  So, naturally, we all want to help when a child is reported missing, and we still can. However, before sharing a post, it’s important to ensure it comes from a credible source. For instance, if the post is from a local news station, a police department, or an established organization like The National Center for Missing and Exploited Children (NCMEC), it is likely to be legitimate.

  To avoid falling victim to these scams, the BBB advises checking the source of the post, looking for any updates or corrections, and being wary of posts that ask for personal information or direct users to click on external links. If you encounter such a post, report it to the platform to help prevent further spread.

  The story of this child’s abduction and rescue is a reminder of the power of community and media in locating missing children. However, the current misuse of her image underscores the importance of digital literacy. By staying informed and cautious, we can protect ourselves and others from falling prey to these deceitful schemes.

   
• 

  Geebo 8:00 am on June 4, 2024 Permalink | Reply
  Tags: cybersecurity ( 37 ), Facebook ( 181 ), phishing ( 79 ), Scams ( 1,439 ), social media   

  Protect your Facebook account from latest phishing scam 

  

  By Greg Collier

  Social media scams are constantly evolving, and the latest phishing scheme is a new threat targeting Facebook users. It’s designed to trick you into revealing your login credentials by exploiting your fear of losing access to your account. The Better Business Bureau has issued a warning about this scam, emphasizing the importance of recognizing and avoiding it. Here’s how you can identify this scam and safeguard your account from hackers.

  You might receive an email that seems to be from Facebook, warning about a breach of Community Standards on your page. The message might look like this: “Recently, we discovered a breach of our Community Standards on your page. Your page has been disabled for violating our Terms. If you believe this decision is incorrect, you can request a review and file an appeal at the link below.” The email could also state that if you don’t act within 24 hours, your account will be permanently deleted. The email includes a link that appears to lead to Facebook’s website.

  When faced with such a message, it’s essential to remain calm and scrutinize it closely. You will likely find telltale signs of a scam, such as, typos and grammatical errors in the message, an email sender’s address that doesn’t match Facebook’s official addresses, or you might notice that the link doesn’t actually point to Facebook’s website.

  Another variant of this phishing scam targets business pages, threatening deactivation due to a Terms of Service or Community Standards violation. This message pretends to be from Meta Business Support and asks the administrator to confirm the account by clicking a link, or face permanent deletion. Clicking the link typically leads to a fake but official-looking page that prompts you to fill out a form with your login email, phone number, name, and other details. Once submitted, you are asked to confirm your password, providing scammers the information needed to hijack your account. We have to clear out messages like this from our inbox daily just because we’re a business with a Facebook page.

  There are steps you can take to protect yourself from this scam, such as reading suspicious emails and messages carefully, looking for signs of a scam before taking any action. Remember, fake alerts are common as scammers frequently target social media accounts.

  If you receive a message similar to the one’s mentioned, you should verify its claims by logging into your Facebook account directly to check if there is an actual problem. Do not rely on the information provided in the message to make any decisions.

  Also, even if an alert seems legitimate, use the Facebook app to log in or type the URL into the browser bar yourself. Avoid clicking on links sent via email or messages.

  Lastly, never enter your login information on a third-party website or any page other than the official Facebook website. Do not send your login details via email or Facebook Messenger. If you suspect you’ve entered your credentials on a fake form, change your password immediately.

  By staying informed and cautious, you can protect your Facebook account from phishing scams and other online threats. The Better Business Bureau’s warning serves as a reminder that your security starts with a proactive approach to recognizing and avoiding these scams.