This long time running scam has come back, with a millennial twist.

Scammers are targeting Instagram users that follow bank institutes. These scam artists promise wealth with investment opportunities. The Instagram users will receive a direct message from the scammer offering them a chance to get in on the business deal as soon as they transfer money to the fake business.

Even if you don't follow a bank on Instagram, it is an important reminder to never give money to a social media proposal. Scammers often make the proposal sound so good that it is hard to turn down, so be mindful of these tricky and deceiving messages. It's also important to remember that Instagram and other Social Media outlets are not the problems: scammers are.

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