#whatsapp-scams

#whatsapp-scams

The illusion of affordable wealth is the lure used to drain the economic resources of potential targets, the report highlights, adding that the information gathered reveals a worrying ecosystem in which unregulated investment platforms, cryptocurrency scams, and currency trading schemes proliferate unchecked. The patterns uncovered here should sound alarms not only for Latino communities but also for U.S. regulators, law enforcement agencies, and financial institutions.

We know that at least 30% of Latinos in the United States use these groups because their phone numbers are local, starting with +1, says Roberta Braga, one of DDIA's founders and executive directors, in an audio message. The Institute focuses on the Latino community, which is why the study has this focus; it has nothing to do with Latinos being more vulnerable to falling for these types of scams, Braga explains.