Author Topic: Instagram Scam Used to Steal $50,000 from Banks  (Read 39 times)

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Offline Gilbert

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Instagram Scam Used to Steal $50,000 from Banks
« Reply #1 on: June 08, 2017, 04:15:23 AM »
Instagram Scam Used to Steal $50,000 from Banks
7 June 2017, 10:45 pm

Instagram was used by three men to successfully steal over $50,000 from various financial institutions. 

This is a rather odd situation, but it seems that the photo sharing app was used a recruiting tool as the schemers were trying to lure people into a bank fraud plan. 

How did this all work, you ask? Well, it seems that the three suspects posted photos of the banks to Instagram and waited for people to like the posts. When people did that, they were contacted and asked to give away their account information in exchange for a cut of the money they planned to steal from those very same banks. 

"These thieves used modern-day social media tools to lure people to help them commit old-fashioned crimes -- depositing fraudulent checks into bank accounts and withdrawing money that didn't belong to them. Whether the criminals are scammers targeting elderly Pennsylvanians, or con men targeting banks, we'll hold them accountable," Softpedia News / Security

>> To obtain the full Softpedia Security News article, click the link in the first post line <<


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