Watch Out for This Facebook IPO Scam Floating Around Today

Posted by Techvibes NewsDesk

Facebook's IPO today was the largest in the history of technology companies. The social network raised $12 billion and is now valued at well over $100 billion, making founder and CEO Mark Zuckerberg one of the wealthiest humans in the world. So it's not surprising to learn that at least one IPO-related scam is making rounds today.

Symanetic has spotted a classic 419 scam—one of the oldest phishing tricks in the book, but one that still manages to catch the gullible off guard. These scams typically promise big money in exchange for assistance but require up-front charges and fees to be paid in advance. From Symantec's blog, here is some info on this latest Facebook scam:

The scam claims to be sent from a finance firm with offices in multiple locations around the world … The scam mentions loaning money under "soft" or generous terms to buy Facebook stock or shares and then selling them back to the finance firm at a price higher than the original purchase price.

We see many red flags with this. First, the email header is in all caps: FACEBOOK (IPO) SUBSCRIPTION PARTNERSHIP PROPOSAL. Second, the company claims to have offices in London, Hong Kong, and Dubai—yet the phone number included in the message is from Sacramento, California. Further, the company's website claims its office is in Cardiff, Wales.

Adding to the sloppiness of the scam is an amateurish-looking email address at a common, free, web-based provider. Obviously, a legitimate company would use an email address at its own domain.

Screenshot: Symantec

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property. Originally founded in 2002, Techvibes is dedicated to covering social, mobile, and startup news that impacts Canadians. Our editors and nationwide network of reporters combine breaking hyperlocal news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and... more



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