The Terrible Truth About Money Flipping Scams

‘Money flipping’ is a popular scam on social media platforms like Instagram, TikTok and Snapchat. The scammers have ads splashed with signs of having big money. What makes the scam convincing is that they also share stories and testimonials!

The premise is simple: send the ‘money flipper’ a certain amount and they will 10X it in a matter of hours. Sounds ridiculous? That’s because it is. There’s no two ways about it - money flipping is a scam!

Here’s why: everyone who claims it works cannot explain how exactly the money is “flipped”. That alone should set alarm bells ringing in your head. Here is the best explanation we found on the internet:

“We have unlimited access to information on the stock market, hedge funds, money markets, and large banks, which we use through complex maneuvers to grow your money 10 times within a few minutes to hours. “

Anyone in finance will tell you this explanation does not make sense, and you should not even think of sending money to such people. But the real giveaway is the high yields promised: 10X! Imagine giving your money to an investor to use for whatever venture with the agreement it's returned to you multiplied 10 times, that too in a few hours. It’s a laughable notion.

Tell-Tale Signs of Money Flipping Scams

Grow your investment 10 times. The hook in money flipping scams is high growth promised. In a matter of minutes or hours. It would look like this: 

$10 flipped to $100
$100 flipped to $1,000
$1,500 flipped to $15000
$20,000 flipped to $200,000

And so on. Surely this is too good to be true.

Fabricated stories and testimonials of people who invested and got their money multiplied 10 times as promised. None of these people did this. Some of them may not even know that scammers use their photos from social media this way.

Photos of stacks of cash notes and smiling invertors. Accompanied by a message like, “OMG! I've tried it and it works!” Or, photos of expensive cars, Rolex watches, exotic holiday destinations, and even pretty ladies! Subconsciously, your mind will make the connection that money flipping got them those goodies and that’s how you’ll be scammed!

Deposits via unsafe methods: Scammers always suggest instant wire transfer channels that are hard to reverse, like MoneyGram or Western Union. They also demand payments to be made using apps like Venmo and CashApp that have no refund policies.

Fake account details: Scammer account images are stolen images. If you do a reverse image search, you will find this out. No scammer will use their real identity in a scam operation. The location details are also always fake. If you follow through to the point of sending money, you will be given details that are different. Why would you still send money after being lied to?

Failure to get a return after the first deposit, followed by claims that the process is stuck at 90% and you need to send some more cash to "clear the system". This doesn’t always happen. Usually, the scammer simply takes your money and blocks you on Instagram.

A Classic Money Flipping Scam Scenario

You notice a money flipping Ad on Instagram and respond to it. You check the profile and find several videos of people counting money and having a fantastic time, supposedly from their flipped money. It seems real, and your interest is piqued. So you contact the money flipper to know how it works.

The scammer's first reply is always a photo or screenshot of what amounts you need to invest, and the multiplied/flipped returns which are 10 times more. Like this image here:

The next is a message of how fast and simple the process works. Never is there a real explanation of where the cash multiplied comes from. The scammer insists that it’s a legit business, and all their clients have made money. There is also some insistence on you to stop wasting time and simply invest!

However much you ask, you will never get a straight answer that explains how the money is made, because no money is actually made, it’s a scam.

If you send scammers money as a Cash Flipping investment, you will never get it back. And there may be no recourse for you. Best to ignore those ads on Facebook and Instagram about growing your money 10 times. Don’t believe the videos and testimonial stories, they are all fake!