Modus Operandi
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Targeting Vulnerable Individuals through social media platforms: Scammers use Google ads, Facebook, WhatsApp, Telegram, and other social media platforms to identify potential victims.
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Building Trust: Fraudsters often start by building rapport with victims, offering fake success stories or financial advice.
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Convincing to Invest: Victims are encouraged to invest in bogus cryptocurrency or high-return schemes, often through fraudulent apps or websites.
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Stealing Funds: Once trust is established, the fraudsters persuade the victim to invest more money, ultimately leading to the theft of all invested funds.