Scammers targeting journalists to promote dodgy investment schemes
Recently scammers have been targetting journalists and major media outlets to promote investment scams.
Over the last few months, major media publications have been fooled into publishing stories about successful investors that have turned out to be scammers.
Those considering investing in "too good to be true get rich quick schemes" are urged to read The Good Money Guide’s examples of where major news sites have been duped here: https://goodmoneyguide.com/major-media-outlets-hoodwinked-into-unwittingly-promoting-forex-investment-scams/
The warning comes from after the Good Money Guide's survey of 2,000 savers and investors.
Key findings from the survey showed that:
Social media is the least trusted form of financial advertising with only 3% trusting influencers
Financial articles in the national press are only trusted by 15% of those surveyed
Nearly half of those surveyed have seen scam adverts online
Less than 20% have clicked on an advert without realising it was a scam
Less than 20% of people will report a scam advert after realising it was a scam
Full survey results can be seen here: https://goodmoneyguide.com/scam-financial-promotion-survey-results/
GoodMoneyGuide.com founder, Richard Berry said " It's extremely disappointing that major media have not done enough due diligence on these stories before publishing them."
"In our guides to avoiding getting scammed, one of the things we always recommend is lots of online research. If someone is searching to check to see if an investment is on the level and the scammer appears in the headlines of a national paper in a positive manner it might just be the tipping point, at which a naive investor believes a scam investment scheme to be legitimate"
An infographic has been prepared for use