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Instagram Money Flipping Scam – What Is It All About?

Instagram Money Flipping Scam – What Is It All About?
WFHR EditorWFHR Editor
3 min read

Last updated: July 5, 2024

If you have used Instagram for a while, you might have seen the money-flipping scam. So that you know, you will only lose money with this and not make anything at all.

This scam has been spreading like a virus on social media websites like Facebook and Twitter as well. It claims you can flip money and make big bucks. Here’s one of the associated images you might have noticed:

10x Investment Scam

This definitely screams scam. There’s no way you can 10x your investment out of nowhere. It’s just a way to lure people and steal their hard-earned money. If someone approaches you and makes similarly false claims, you should report them on social media and not fall for it.

To make this look legit, some even use bots/fake purchased comments so it adds ‘fake’ social proof to the opportunity. This is one reason why you shouldn’t be joining a program based on what people say. Always a better idea to do your own research and analysis first.

Can You Make Money With It?

Close-up of vibrant dollar bill art with Benjamin Franklin wearing colorful glasses, blending currency and creativity in high resolution.

No, you can’t. The images are fake and are created with Photoshop. We reported one we found on Facebook, and they quickly took it down. With all of these scams, you will be asked to make a phone call so the person can sell you a ‘fake’ story.

They say they can enter an extra ‘0’ in the pre-paid card’s account balance you purchase, thanks to their secret ‘connections’ with the banks, but this is a made-up story. Put in $200, get $2000 out, for example. It’s just a way to deceive people and take their money.

Next, you’re asked to share the card details so they can take their cut. Instead, they collect the details and block you. Whatever you put in is gone forever! Never make decisions emotionally; think with logic, and if it sounds like a good deal, go for it; otherwise, not.

There however is a legitimate way to make money online, which utilizes the affiliate marketing business model. It involves a learning curve and needs work, but if you can do it, you will make money even if you haven’t made your first dollar online yet.

Final Words

Scam Alert concept with hooded figure speaking into mic, cyber security warning

These con artists use disposable phone numbers and email accounts. It’s always a wiser idea to stick to legit methods; instant riches are just a hoax. People fall for it, and that’s why these are very popular: they trigger people.

Building a profitable online business requires time and effort. If you’re willing to put in the effort, you should check out our top recommendation for working from home.

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