Donald Trump’s Social Reality Is Full of Scammers Stealing Users: Report

Truth Social users say they have lost thousands to online scams on the platform, with six-figure sums taken from some victims.

Complaints filed with the Federal Trade Commission, obtained by Gizmodo, the details The countless schemes of scammers using Donald Trump’s social media platform over the past two years.

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Many app users, especially retired “boomers” with life savings, have fallen for “pig slaughter” scams in which a scammer convinces an individual to buy into a questionable investment scheme, convincing the victim to make larger contributions by tricking them into believing they will . ‘Re making money.

“Scammers often give the victim access to a website that shows a certain dollar amount in their account, but the funds are long gone,” the report explained. “They don’t sit there until they quit. It is just a trick for the victim to see his fake money grow, which attracts him to “invest” more.

Many of these older users “seem to not understand that any amount they may see on their side that is supposedly in the account is completely fictitious.”

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One Minnesota user, aged between 60 and 64, claimed they lost $500,000 after being lured into investing in cryptocurrencies. According to their complaint, the fraudster constantly misled them into paying various fees to transfer their investments to their bank account. “After I pay this amount, they promised me that there will be no further charges and I will receive my assets,” the victim said.

Another victim, who allegedly lost $170,000, said they were first scammed on a different site but contacted someone on Truth Social who offered to “get their money back” before scamming them too. However, victims are usually contacted first on Truth Social before being lured elsewhere such as WhatsApp.

Truth Social’s seemingly target-rich environment is also home to romance scams, including a 72-year-old man who reported that after chatting with a “beautiful” woman via the app, he was pocketed for $21,000. “I did not tell my wife about this terrible mistake. She still knows nothing about it,” his complaint stated.

A group representing Truth Social’s parent company, Trump Media & Technology Group, told Gizmodo that they have a “strong team that actively looks for scams and bots on the platform and blocks them as soon as they are found.”

This disturbing report came with the resignation of the Chief Operating Officer of the Trump Media and Technology Group. His departure is allegedly linked to A.J Whistleblower complaint Regarding mismanagement.

A few days before the sudden resignation, one of the company’s major shareholders Announce They sold their stake in the operation, which had long been losing money and struggling to grow revenues