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It’s a gas: how online scammers dupe “investors”

How unfortunate investors in commodities, cryptocurrency, and other assets get scammed in apps found in official stores.

As the popularity of online investing grows, so does the number of related online scams. A few months back, we took a look at some fake investment apps that we’d found in the App Store. After that, we decided to dig a little deeper and see where else such apps are lurking. And our search yielded much more curious results than we expected.

This post is about our most interesting findings: fake “gas” apps in Android store recommendations; “oil investment” apps in the App Store and on Google Play; as well as a series of fake videos in which “Erdogan”, “Musk”, and other famous people promote non-existent investment platforms.

 
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