CONSUMER ALERT: Scammers Use LinkedIn to Execute Crypto-Investment Scheme
TALLAHASSEE, Fla.—Attorney General Ashley Moody is issuing a Consumer Alert to warn Floridians about scammers using LinkedIn to target potential cryptocurrency investors. A recent LinkedIn blog post claims there is a rise in fraudulent activity across the internet—including on the company’s platform. According to recent reports, users lost more than $1.6 million to cryptocurrency investment schemes utilizing LinkedIn to contact targets. One Floridian recently lost more than $280,000—their entire life savings. The Global Anti-Scam Organization reported that many fake LinkedIn accounts associated with the scheme originate from Southeast Asia.
Attorney General Ashley Moody said, “Scammers try to build quick credibility with their targets in order to steal money or obtain personal information. We are now seeing them utilize professional social media platforms, such as LinkedIn, in an attempt to appear experienced and knowledgeable. Once trust is gained, they begin to execute a multifaceted cryptocurrency-investment scheme. We warned about this scheme earlier this year, but today, I am issuing a new Consumer Alert to ensure Floridians know to never provide personal or financial information to strangers online—no matter what…
