SNS-Based Investment Scams Rise; Shimane Police Issue Warning

Shimane Prefecture Police have investigated an investment scam involving social media platforms. Fraudsters contact victims via SNS offering high-return investment opportunities. A man in his 60s in eastern Shimane fell victim to the scheme. Police are urging the public to report similar cases.

How the Scam Works

Investment scams using social media exploit platforms like Twitter, Instagram, and LINE to promote fraudulent investment schemes. Scammers contact potential victims through SNS, promising high returns on investments and dividends.

Typical Process

High-return investment posts appear on social media
Scammer sends direct messages to potential victims
Victim is lured with claims like "limited opportunity" or "special offer available now"
Victim is directed to download an app or visit a website
Victim is asked to make an initial payment
Scammer becomes uncontactable or requests additional investments

Warning Signs to Watch For

Returns significantly higher than market rates (over 10% annually)
Guaranteed profit claims using phrases like "no loss possible"
Unknown individuals or unregistered companies soliciting on SNS
Unable to verify credentials or licensing
Poorly written Japanese suggesting non-native speaker
Pressure to deposit money before getting full details
Suspicious profile information or stolen profile photos

Prevention Measures

Do not respond to unsolicited investment pitches on social media
Before investing, verify company registration on the Financial Services Agency official website
Always verify identity through alternative means, even for known contacts
Consult family or trusted advisors before making investment decisions
Research the company and investment online before sending any money
If you have already paid, contact your bank immediately if fraud is suspected
Keep records of all communications as evidence

Where to Report

Local police fraud consultation desk (各都道府県警察)
National Police Agency Cybercrime Hotline
Financial Services Agency (FSA) and Consumer Affairs Agency
Consumer Life Center (call 188 nationwide)
National Consumer Affairs Center of Japan

If you believe you have been targeted by or have fallen victim to such a scam, contact local police or the above resources without delay.