SCAMMERS are hiding behind fake celebrity profiles to try and steal your money.
The Federal Trade Commission has released a warning that fraudsters are posing as notable individuals and asking for payments.
The scam mostly asks for people to invest into cryptocurrency by convincing people they can double their money quickly.
You may run into the scam while using your iPhone or Android.
These scams are usually spotted on social media or online dating apps.
People have also received unexpected texts, emails, or calls.
“A scammer pretends to be a celebrity who can multiply any cryptocurrency you send them,” the FTC said.
“But celebrities aren’t contacting you through social media.
“It’s a scammer.”
The FTC is warning that the fake celebrities will ask you to send money through a QR code said to be to be linked to the famous person.
But once the money is sent it will be gone forever.
“And if you click on an unexpected link they send or send cryptocurrency to a so-called celebrity’s QR code, that money will go straight to a scammer and it’ll be gone,” the FTC added.
The scammers will hide behind the guise of saying they’re a celebrity when using these types of scams because it allows them to gain a trust quickly.
People sometimes will fall for the tricks because they get distracted by the celebrity aspect.
This is a type of investment scam that promises people that they can “make lots of money” with “zero risk,” per the FTC.
People may feel obligated to send a lot of money to the scammer, believing they will be rewarded with tons of money back.
But this might result in the draining of your wallet and bank account.
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