Financial Investor and Loan Provider on Facebook

savoytruffle

my colleague was deeply involved with this on facebook and hoping to get a loan, he was will to fly to meet them. I am not allowed to post the link, but if you go to facebook and type in the search

Financial Investor and Loan Provider

it comes up under "pages"

They sent him a video of a consignment of cash that had just arrived, I noticed that the first two notes on one of the stacks of money had identical serial numbers to the first two notes on the other stack of money, suggesting that it was fake money

Surely this is a scam, any thoughts on how it would work?

wmb194

It's probably an advance fee fraud: they'll ask for a fee before they (don't) send the money. 

Most definitely do not meet with them in person. It could turn into a robbery and/or kidnapping.

masonic

Clearly it is a scam because you mentioned facebook and something to do with finances. A video of a consignment of cash is meaningless. How it works is the scammer convinces your colleague he will receive some money and convinces him to do something up front to enable the transaction to happen, but he will not receive any money. It is not rocket science.

ColdIron

Adverts on Facebook are probably the worst resource anyone could use for financial products

savoytruffle said:

Surely this is a scam

Surely

jimjames

Another one that was heavily advertised on Facebook and Insta

https://forums.moneysavingexpert.com/discussion/6620942/moneda-capital-warning

Eyeful

I ignore averts on social media, especially  where anything to do with money is concerned. 
My be you should have that person read this:
https://www.moneyhelper.org.uk/en/blog/scams-and-fraud/facebook-marketplace-scams-how-to-spot-fake-messages

dunstonh

How many alarm bells are needed for this person to realise it is a scam?

DjangoUnchained

Is it endorsed by the Nigerian royal family?

Albermarle

There are more red flags than there was at the recent Chinese military parade!

boingy

ColdIron said:

Adverts on Facebook are probably the worst resource anyone could use for financial products

or for pretty much any product.

Nebulous2

It depends. We are in a small town where a lot of people know each other, or know somebody who does. A lot of stuff is sold on Facebook with very few problems. We helped an elderly acquaintance get a very modestly priced second-hand TV when they insisted they didn't want a smart TV. 

A friend of theirs in a city was excited by how cheaply this person got a decent TV and tried to do the same. What they found was an absolute jungle of scammers and broken products, at much higher prices. 

So very much situational, but works well here.