And there are concerns the fraudsters are taking the most vulnerableResearch by No1 Currency shows they are paying to advertise onlineFraudsters are brazenly advertising counterfeit banknotes on social media, even offering 'bulk buy' discounts for their fake cash, to the most vulnerable, a major currency firm warns. Social media sites, including Facebook, Instagram and X are awash with carefully targeted adverts offering free postage and discounts on counterfeit notes. However, research by travel money firm No1 Currency found that some scammers are paying for sponsored posts to appear on the social media timelines of vulnerable people. Simon Phillips, managing director at No1 Currency said: 'It is worrying to see organised criminals advertising so brazenly on social media. Have you spotted dodgy ads for fake banknotes on social media?

Source: Daily Mail May 15, 2024 21:28 UTC