Watch out for Social Media Scams!
Social Media is a huge space for scammers to work. These scammers will hack into someone’s account and either offer to sell something at an extremely low price or they might offer an opportunity to “invest” in something that promises big returns. They might use language like “limited time offer” and provide very few details about the so called “opportunity.” They also might ask you to provide your initial “investment” via Cash App, Venmo, Paypal, etc.
If you think that you are seeing a post that is a scam from a friend on social media, reach out to them personally and see if the post is legitimate or not. It is always best to slow down and think, do some research, and to understand the risks when dealing with potential posts that are scams.
(Information Taken from BCP Staff from the Federal Trade Commission Consumer Website)