Fake it till you make it: meet the wolves of Instagram (The Guardian article)

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An interesting article on scam investments and binary options for the Instagram generation… and the influence of #richkidsofinstagram

www.theguardian.com/news/2018/apr/19/wolves-of-instagram-jordan-belmont-social-media-traders

The basic premise of these scams are “What wolves like Oyefeso fail to declare is that each of the trading platforms you sign up to (with a minimum deposit of £250) pays him around £40-80 – and that recruitment, rather than betting on these predatory financial products, is the way he makes his risk-free money (Oyefeso maintains he’s making money from trading).”

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h/t LeFred24

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