IN SHORT: Posts on Facebook encourage users to sign up on “FreeCash” to receive a substantial sign-up bonus. But this isn’t a registered platform, beware.
“Who else got their payment from FreeCash? Told you all to sign up,” reads a Facebook post. “I received mine as soon as I simply signed up and completed the steps. Hurry up because the relief is open for a limited period of time ($1000) sign up bonus. Please share with others once you have received yours.”
Attached to the post is a link that leads to a website. The front page reads “Welcome to FREECASH.COM”.
But is FreeCash a legitimate platform? We checked.
Here’s what we found
There is no registered “FreeCash” investment platform and the website linked to in these Facebook posts may be out to take your money or, at the very least, your personal details.
To protect yourself from becoming a victim, read Africa Check’s guide on how to spot scams on Facebook.
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