On March 14, 2022, we stumbled upon a familiar crypto scam involving Messenger, a “teacher,” and the Andy Wealth Facebook page. Facebook and Messenger are both owned by Meta.
‘Last Chance’ Ad
Our journey with this crypto scam began with this ad: “5 CRYPTO COINS THAT WILL 10X IN 2022 (Last Chance).”
This appeared to be the same scam being managed by the same people whom we previously uncovered weeks earlier on another Facebook page named Tina’s Finance. Both pages promised an investment opportunity in bitcoin or some other kind of cryptocurrency. Neither are real companies.
How the Crypto Scam Works
Our detailed reporting on the Tina’s Finance crypto scam documented what the scammers say in order to draw money out of potential victims.
Basically, Facebook users will see paid advertising on the social media platform that describes a supposed crypto investment opportunity. Next, clicking the ad will open up a Messenger window where users are advised to use Messenger to contact a specific Facebook account to get the ball rolling on the purported investment opportunity.
One account came up in our initial Messenger conversations with both Tina’s Finance and Andy Wealth: a user purportedly named “Alex Scott.” This tipped us off that this was the same scam being operated on a new page.
The final step of the scam involves being invited into a group…
