Financial scams are everywhere. No matter where you go on the internet or social media apps, people are constantly trying to separate you from your hard earned money. In this video we talk through a WSJ article about scammers using the likeness of billionaires such as Bill Ackman and Cathie Wood to try to con Facebook users and what we can do as investors to protect ourselves.
00:00 Scammers are impersonating billionaires on Facebook
08:24 How the scam worked
09:33 Why we will see more of these
10:47 What can we do about it?
If you want to read the WSJ article for yourself, it’s here: https://www.wsj.com/tech/fake-bill-ackman-cathie-wood-scam-a8df6ce7
