We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Michigan AG: Funding scams reported on Fb, WhatsApp
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Michigan > Michigan AG: Funding scams reported on Fb, WhatsApp
Michigan

Michigan AG: Funding scams reported on Fb, WhatsApp

By Editorial Board Published June 13, 2025 2 Min Read
Share
Michigan AG: Funding scams reported on Fb, WhatsApp

LANSING, Mich. (WLNS) — Scams on Fb and WhatsApp luring customers into pretend funding schemes are on the rise, in response to Michigan Legal professional Basic Dana Nessel.

“These scams spreading across Facebook and WhatsApp have already and will continue to drain retirement savings, college funds, and the financial safety nets of users,” Nessel mentioned. “Meta must do more to protect its users from these deceptive advertisements, especially when the company profits from the very ads that fuel this fraud.”

Nessel and a bunch of 41 different attorneys normal despatched a letter to Meta on Wednesday, elevating considerations over a lot of reported scams on Fb and WhatsApp that persuade customers to spend money on pretend firms or cryptocurrencies.

These scammers then exploit victims through “pump and dump” schemes, convincing them to purchase shares to artificially inflate their costs earlier than promoting them and leaving their victims with huge losses.

Within the letter, the attorneys normal demand that Meta undertake stricter consumer safety insurance policies, together with being extra diligent on who they permit to promote on their platforms, having workers evaluation funding adverts as an alternative of automated techniques, and stopping all funding commercials till these insurance policies are in place.

Nessel says there are some methods to maintain your self secure when investing your cash, together with:

Do your analysis earlier than you make investments, and don’t wire cash or present bank card or banking info with out doing so

Be cautious of pitches on social media or chilly callers

Don’t belief funding suggestions or secrets and techniques on-line, as they are often from rip-off web sites

Don’t belief heavy pitches to “invest now,” as they are often proof of a ” pump and dump” scene

Be cautious of issues that look like movie star endorsements

TAGGED:FacebookinvestmentMichiganreportedscamsWhatsApp
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Will Luka Doncic lastly play in a preseason recreation Sunday? To be decided

Will Luka Doncic lastly play in a preseason recreation Sunday? To be decided

Sports
October 12, 2025
Drones seize staggering pictures of Gaza devastation – as individuals discover nothing left

Drones seize staggering pictures of Gaza devastation – as individuals discover nothing left

Drones have been a standard sight in Gaza for a very long time, however they've…

October 12, 2025
Michigan Capitol turns purple for home violence consciousness

Michigan Capitol turns purple for home violence consciousness

LEAVE THIS SITE QUICKLY LANSING, Mich. (WLNS) -- Purple buckets of flowers lined the Michigan…

October 11, 2025
My interview with a Hamas chief was a glimpse into the unpredictable and admittedly unbelievable world of world politics proper now

My interview with a Hamas chief was a glimpse into the unpredictable and admittedly unbelievable world of world politics proper now

The considered Hamas publicly thanking Donald Trump for his peacemaking efforts would have been inconceivable…

October 11, 2025
Preventing For Peace | Economics

Preventing For Peace | Economics

Not all People are NEOCONS searching for World Battle III like Lindsey Olin Graham. I consider Trump is…

October 11, 2025

YOU MAY ALSO LIKE

UCLA proves it is no one-hit surprise with rout of Michigan State

EAST LANSING, Mich. — The sheet of paper greeted each UCLA participant as he stepped into his row and took his seat…

Sports
October 11, 2025

New bendable concrete unveiled at MSU

EAST LANSING, Mich. (WLNS) -- Engineers, college students, and metropolis leaders gathered in East Lansing immediately to showcase the preliminary…

Michigan
October 11, 2025

'You do have these rights': Non-profit on federal operation in Meridian Twp. 

LANSING, Mich. (WLNS) — As ICE raids proceed throughout the nation, right here in mid-Michigan, brokers from Immigration and Customs…

Michigan
October 11, 2025

Ingham County Animal Management experiences potential distemper case

LANSING, Mich. (WLNS) -- One among 5 german shepard puppies changed into Ingham County Animal Management and Shelter on Thursday…

Michigan
October 10, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?