Possible Fraud Alert – THEY'RE BACK!
Good luck eradicating what appears to be yet another edition of a Whac-A-Mole of stock market fraud. The question: How does Meta allow it to continue?
▶Taking a break from our regularly scheduled programming for this PSA…
Was scrolling through Threads the other day and noticed this…
And then I noticed the same kind of post from the same person popping up again, and again – and then, today, noticed this…
Different avatars and names, but with the same come-ons and taglines: “People ask: Why don’t your charge? I’ve made enough. Sharing is my passion – that’s why I post for free.” Uh-huh, I bet it is! Start flipping through the feed from this seemingly fraudulent series of posts and you see this…
And then, the coup de grace…
There it is! All roads led to a “free” WhatsApp group. Sounds an awful lot like those China stock frauds I was writing about a few months ago.
And, who are these guys? Here’s the current profile of the second guy…
And our first seemingly fake person, who looks eerily like Fed Chairman Jay Powell, here’s his…
And if for some reason he disappears, oh – don’t worry! – there are more where that one came from…
Which begs the question: With all the trillions Meta is spending on AI, you’d think they could use their own AI program to ferret out this kind seemingly pump-and-dump activity. Anyway, I have better things to do than chase this down, but I figured many of you would enjoy it.
Feel free to share with your friends. If you’re in the U.S. have a great holiday. And don’t forget to hit the like button below.
DISCLAIMER: This is solely my opinion based on my observations and interpretations of events, based on published facts and filings, and should not be construed as personal investment advice. (Because it isn’t!) I don’t own any stock mentioned in this report.
I can be reached at herb@herbgreenberg.com.
Excellent article in today's FT from Martin wolf on precisely this phenomenon- says that meta gets 10% of their advertising revenue from financial scam adverts
I don’t use either of those social media avenues, but obviously META decides to look the other way and yes their use of AI is questionable. It appears it’s just another way to create fraud and fraudulent behavior. This idea that’s it’s the greatest thing since sliced bread escapes me.