No, this is a scam that’s going around on Instagram. It’s hard to believe people fall for this obvious scam but people do. It’s sometimes called the Money Pak Scam.
You will find a variety of pictures on Instagram that claim you can turn a small investment of $100, $200, $300, $400 or more into sums of $1,000 $2,000, $3,000 and so on.
They may even provide so called “text proof” that the Money Flip Works.
The scam goes a bit like this. The scammers claim that they use special software to hack into the servers of Western Union, Green Dot, or MoneyGram and then they manipulate the amount of money in their computer system.
What they ask you to do is send money through Western Union. Right there you need to stop. Western Union Scams are huge. If you send money to Western Union, Green Dot, or MoneyGram and you do not notify western Union before they pick up your money, you’re out of luck. They will then give them a few minutes to “hack into the system” and flip the money you invested. They will then take your money and claim they will flip it and make more, then they will just block you and delete all of your comments trying to warn people about this scam.
If you were scammed or came close to being scammed by money flipping please comment below