IN SHORT: Several Facebook posts are urging Nigerians to put their money and trust in something called the “Flip Cash Investment Platform Worldwide”. But be warned, you could be scammed.
A Facebook page offers users the chance to make more money through an investment platform named Flip Cash Investment Platform Worldwide.
A 29 August 2023 post reads, in part: “*Good morning* This is yet a new day and more testimony are coming in,flip cash is real but most people are afraid of loosing there money because of scammers but I assure you flip cash is not a scam is it 100%real legitimate.”
The post also encourages interested users to send a message to the WhatsApp number provided.
But is the investment platform and page legit? We checked.
Signs of a scam
We sent a message to the WhatsApp number pretending to be interested in the investment opportunity. We were told that we would get double our investment in one hour. The promise of high profits in a short period of time was the first red flag.
Another red flag was the poorly written messages on Facebook and WhatsApp, with glaring grammatical errors. Legitimate businesses are expected to communicate in a professional manner.
The platform has no website or verified social media accounts. All we could find was the Facebook page Flip Cash Investment Platform Worldwide. The page was created in 2016 under the name "Ola Gas" and changed its name in June 2022. This added to our suspicion that the page and platform were not to be trusted.
All signs point to an investment platform promoted by scammers with the aim of stealing people's money.
Read our guide to Facebook scams and how to spot them here.
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