'Flipping Money' scammers lurking online in social media ads

Social media icon containing silhouette of con artist

We've recently learned of a new twist on a classic "Flipping Money" scheme that is scamming people out of hundreds of dollars at a time. Fraudsters are luring victims via social media by advertising how easy it is to turn just $100 into $1,000. Younger consumers who are active on social media are taking the bait, responding to ads posted on social media, forking over cash, and coming up with nothing in return. The basic scam isn't new, but the way con artists are hooking victims is. 

Read More »

Report Fraud

Help us fight con artists by reporting suspicious activity using our secure online complaint form.

Go »

Support Us

With your support, the National Consumers League’s Fraud.org has helped millions of consumers avoid scams.

Donate Now!

  • Internet Scam Icon
    Internet Scams
  • Telemarketing Scam Icon
    Telemarketing Scams
  • Business Scam Icon
    Business Scams
  • Identity Theft Icon
    Identity Theft
  • Law Enforcement Icon
    Law Enforcement
  • Direct Marketing Icon
    Direct Marketing
  • Get Involved Icon
    Get Involved
  • News Icon
    News
Print

Hidden truth about penny auctions

Most consumers are familiar with online auctions – consumers bid up the price of an item until a timer expires. The high bidder at the end of the auction wins the item at the winning bid price. However, another form on online auctions, Internet penny auctions, have expanded at a drastic pace in recent years. While some of these sites are technically legitimate and legal, many of their business practices are questionable, and NCL is warning consumers to avoid them altogether.

Print

Spring break scams plaguing students

Spring is officially here! But with temperatures across the country still in winter-like digits, what better reason to look forward to spring break escapes! Still recovering from the Great Recession and feeling the pinch of the ever-increasing cost of higher education, many students will be looking for deals as they make their spring break travel plans.

Print

Tech support scams costing computer users

Just before midnight George got a call. "I was told it was the Microsoft Corporation," George said. "They said there was a problem with my computer but they would fix the problem for free and would install an antivirus to protect against future attacks for $99." George went to bed uneasy, not sure if the supposed Microsoft employee was legitimate or a fraudster.