The Commerce Commission is looking into an internet scam that has resurfaced on Facebook. The scheme has targeted people around the world, operating under different names like "loom circle", "fractal mandala" and "blessing loom". READ MORE:* Woman runs $6000 Facebook scam* Hey Facebook, so why exactly am I seeing this post? SUPPLIED Netsafe chief executive Martin Cocker says the most effective scams on social media are transferred through friends' networks. But the most costly scams for victims were romance and investment scams, where victims are duped into sending large amounts of money overseas.

Source: Stuff April 07, 2019 23:37 UTC