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The Perfect Scam

The Instagram Hijacking Scam

The Perfect Scam

AARP

True Crime, Aarp, Fraud, Society & Culture, Scam, Crime, Bobsullivan

4.5980 Ratings

🗓️ 11 February 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

After building up his side business and Instagram following over a few years, Tim takes the leap to run his business full time. When he sees a testimonial video from an Instagram friend boasting of her successful cryptocurrency investment, he decides to make a small investment with extra cash from his booming sales. He is, in turn, asked to make his own testimonial. Before he knows what has happened, his account has been hijacked and a hacker is using the video to steal money from his friends.

Transcript

Click on a timestamp to play from that location

0:00.0

This is not me, this is somebody impersonating me and then, you know, panic sets in.

0:06.8

Facebook and Instagram has pretty much been zero help. It's just been a nightmare.

0:10.8

A single fraudulent event has these tentacles.

0:14.8

There can be many, many victims reached just due to that single account takeover.

0:19.4

I really do think 2022 is going to be the year of hacked social media accounts.

0:26.1

There's going to be a long tale on this fraud.

0:29.7

Welcome back to the perfect scam.

0:31.2

I'm your host Bob Sullivan. Maybe you've dabbled in Twitter or

0:36.6

Instagram or Facebook, you have only a handful of connections? You can't imagine why anyone would try to steal your account to hack in. But today's

0:46.7

story will send you scurrying to improve your passwords on all those accounts because

0:52.0

we're going to hear from a man whose account was

0:54.4

hijacked and being used by the hacker to steal money from his friends.

0:58.6

And you'll hear from an expert who warn you about all the other dreadful scary things a criminal can do

1:06.3

by impersonating you on social media. But first let's meet Tim Nugent. He lives outside Philly, and like many Americans, he was pretty fed up with his office job.

1:17.7

So a couple of years ago, he starts to dabble in a side hustle, and after a few years the side hustle becomes much more than a passion project.

1:28.0

It becomes a life preserver.

1:31.0

Yeah, so I worked for a company for about three and a half years and then we actually got bought out by a big company.

1:41.8

So they ended up laying off off I think like 40 something people so I took it as a

1:46.3

sign you know to go full time with my small I have a few small businesses and yeah I just was like you know what let's go for it let's get things

1:55.5

moving so tell me about this this small business that you're running yes so I run a

2:01.5

horror merchandise company.

2:03.5

I do licensed and a few unlicensed.

...

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