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NJ AG Warns: Social Media Scams Steal Millions
Description
New Jerseys Attorney General Jennifer Davenport warns of a surge in investment scams on Facebook and Instagram. Scammers use fake ads and deepfake videos to lure victims into bogus stock, crypto, or high-return deals. Common tactics include pump and dump schemes and fake trust-building to steal money. Davenport urges caution, advises double-checking pitches, keeping records, and avoiding rushed decisions. Report suspicious activities to the NJ Securities office.
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