TOKYO -- Fake Facebook accounts posing as leading Japanese brokerages ran roughly 10,000 ads to scam users between August 2023 and May 2024, Nikkei has found, as the nation grapples with the spread of investment fraud.
Investment scams on social media began to surge around the summer of 2023. Fake ads, including ones using the names and logos of real companies, are one way to draw victims in.
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