Here are the top Cash App scams: Cash App Flipping. Scammers monitor the comment threads during Cash App giveaways looking for commenters to target. They direct message users to convince them they’re successful Cash App “flippers” who can turn a small sum of cash into larger amounts of money. Cash App Flip - Cash App Free Money Generator! Tired of fake cash app flip handles who promise you double or triple your money with a little investment? Finally you've reached the right place. This Cash App Free Money Method 2021 will help you to get up to 100$ per use without any investment or risks. One of the more trending scams out there, especially on social media platforms like Instagram, Facebook, Twitter and the likes, is the money-flipping scams. The money-flipping scam is very enticing, and most impatient, ignorant individuals fall for it. Let’s take a closer look at these types of scams, and how you can avoid getting burnt.

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All you need to do is send the scammer the requested amount of money via CashApp, Venmo, your bank account, or another money transfer app and they will supposedly flip your money within minutes. There have even been scammers that have asked for your bank account information so they can take the money out themselves yikes!

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Instagram is a social media giant and it continues to grow in popularity amongst all age groups. In fact, it recently hit 1 billion users. However, it’s humble origins as a mere picture sharing platform now seems a distant memory as today it is heavily used by influencers and agencies to promote services and products.

As somewhat of a consequence of this, the number of scams appearing on the site have increased. Criminals are harder to spot and can easily disguise themselves amongst the legitimate profiles. Even the disastrous Fyre Festival used Instagram as its platform to prise money from people.

One of the most popular scams on Instagram is ‘money flipping’ otherwiseknown as ‘get rich quick’. As a general rule, it is usually safe to assume thatanyone who posts pictures of money or talks about investment opportunities isprobably trouble. The term refers to a con in which criminals convince theirvictims to hand over access to funds with the promise that they will multiplytheir value via a trick they know, in return for a share of the profits. Theythen abscond with the sum, leaving their target out of pocket.

These scams are so successful in fooling people on Instagram, partly due to the fact they are congregated around the official accounts for banks and other financial institutions. In fact, research suggests hashtags connected to 37 different financial institutions are specifically targeted by criminals.

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Usually the scammer will send a direct message to those who comment on, or even just follow, official banking accounts, offering to cut them in on a deal. Great lengths are gone to in order to look and sound genuine. As well as profiles full of images of flashy watches and piles of cash, scammers concoct elaborate back stories. As Instagram makes it possible for people to send you direct messages without them also following you, it is easy to see why Instagram is so popular for scammers. The ease and speed with which social media sites like Instagram operate means victims are much more likely to be lured into the scheme.

Even though receiving a message along the lines of “Hey are you interested in making some extra cash?” may seem obviously fake in nature, there are other indicators that show this could be a fake. One of these is the overuse of hashtags. In general, each post made by a money flipper will contain as many hashtags as Instagram will allow (30), in order to reach the most amount of people possible. The two most popular hashtags being #fastcash and #money.

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Of course, if you are contacted by an account you believe to be a money flipping scam there are various steps you can take. You must report the account to Instagram, block the messages and NEVER give out your bank account or debit card details to someone you don’t know. If something sounds too good to be true, it probably is.

Cash App Money Flipping Scam

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Are Cash App Money Flips Real

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How can I report a phishing email?