{"id":950,"date":"2011-09-22T21:43:53","date_gmt":"2011-09-22T21:43:53","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2011\/09\/financial_scammers_now_using_y"},"modified":"2022-03-09T16:08:03","modified_gmt":"2022-03-09T22:08:03","slug":"financial-scammers-now-using-y","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/financial-scammers-now-using-y\/","title":{"rendered":"Financial Scammers Are Now Using YouTube, Facebook, LinkedIn, Twitter, and Other Websites to Target Investors, Warns Texas Securities Commissioner"},"content":{"rendered":"

\t\t\t\tTexas Securities Commissioner Benette L. Zivley wants investors to be aware that fraudsters are now using the Internet as a vehicle for their investment schemes<\/a>. Online social networking Websites, such as Facebook, Twitter, YouTube, and Linked in, are among the sites being used to find potential victims, gain access to their personal information, and build relationships of “trust.” Scammers have even been known to purposely “mimicking” a target’s interests to try and get someone to invest. Considering that about 750 million users (who on average are linked to about 80 groups, community pages, and events) are logging 700 billion minutes a month on Facebook alone, this shouldn’t come as a surprise.<\/p>\n

Affinity fraud scams<\/a> are among the easier investment schemes to perpetuate online. This type of financial scam usually targets professional organizations, community service groups, religious communities, and other social networks. Whereas in the real world, a fraudster would have to work to establish actual connections with its target communities, now he\/she can easily become part of these groups by pretending to share similar interests, religions, careers, or hobbies. <\/p>\n

Online media channels, such as YouTube have now also become video forums through which to market financial scams. Remember, anyone can record an impressive sales pitch or edit professional looking footage to make themselves appear legitimate. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Texas Securities Commissioner Benette L. Zivley wants investors to be aware that fraudsters are now using the Internet as a vehicle for their investment schemes. Online social networking Websites, such as Facebook, Twitter, YouTube, and Linked in, are among the sites being used to find potential victims, gain access to their personal information, and build […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3918,3750],"tags":[],"class_list":["post-950","post","type-post","status-publish","format-standard","hentry","category-affinity-fraud","category-texas-securities-fraud"],"yoast_head":"\nFinancial Scammers Are Now Using YouTube, Facebook, LinkedIn, Twitter, and Other Websites to Target Investors, Warns Texas Securities Commissioner — Investor Lawyers Blog — September 22, 2011<\/title>\n<meta name=\"description\" content=\"Texas Securities Commissioner Benette L. Zivley wants investors to be aware that fraudsters are now using the Internet as a vehicle for their investment — September 22, 2011\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/financial-scammers-now-using-y\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Financial Scammers Are Now Using YouTube, Facebook, LinkedIn, Twitter, and Other Websites to Target Investors, Warns Texas Securities Commissioner — Investor Lawyers Blog — September 22, 2011\" \/>\n<meta name=\"twitter:description\" content=\"Texas Securities Commissioner Benette L. 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