AG ​Raoul issued an investor alert to warn Illinoisans about the prevalence of fraudulent investment schemes proliferating across Meta platforms, including on Facebook, Instagram and WhatsApp. Scammers are increasingly using deceptive advertisements and “deepfake” technology to lure investors into high-stakes scams to defraud them of their savings.

“There is a worrying trend of bad actors using social media to purposely lure consumers into investment groups intent on scamming them out of their hard-earned money. I recommend all Illinoisans who are regularly on social media platforms learn about the" – AG Raoul