social media scams

SEC Warns of Social Media Schemes After Fraud Case

Regulators are warning the public to be wary of social media sites that could be offering bogus investment schemes. The warning follows civil charges filed by the Securities and Exchange Commission against an Illinois-based investment adviser who tried to sell fraudulent securities through Linkedin.

Facebook Says Data Broker Was Buying User Info

Punked for Profit: Beware of Social Media-Linked Scams

Same old, same old: Get-rich-quick, high-yield investment schemes on the Internet feign social acceptance with clever use of Twitter, Facebook and YouTube, but they operate on age-old Ponzi principles. If it sounds too good to be true...