
Job hunters £5k out of pocket after falling prey to social media scam
Victims typically lose £1,420, with some out of pocket by over £5,000, and young job seekers aged 18 to 34 are disproportionately targeted.
These scams often originate on social media, luring victims with fake remote work offers like liking TikTok videos, then demanding upfront payments for purported necessities such as processing or training.
More sophisticated schemes involve fake interviews, contracts, and impersonating genuine recruitment agencies, sometimes manipulating victims into unwitting money laundering.
Lloyds advises job seekers to be wary of any requests for payment to apply for a job and to independently research the role and company being presented.
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South Wales Argus
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