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MAGAs Fleeced on Truth Social [1]

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Date: 2024-10-05  

If you’re an internet scammer, there’s a perfect place to find gullible rubes: Truth Social — a money hemorrhaging site, pushing a meme stock, run by the most dangerous grifter in U.S. history.

As posted in a fascinating article on Gizmodo, Truth Social Users Are Losing Ridiculous Sums of Money to Scams.

It outlines that:

The site has… been flooded with scammers who are swindling users out of enormous sums of money. We’re talking about people who’ve lost hundreds of thousands of dollars in a relatively short period of time.

What kind of rackets, you may ask:

The scams happening on Truth Social appear to be most commonly pig butchering, a method of gaining someone’s trust while getting them to give you increasingly large amounts of money, all while making it seem like the victim is making wise investments.

(Note: I decided to use “Fleeced” in the title of this diary, because “pig butchering” is such a repugnant term.)

Ah, but why is Truth Social such a draw for swindlers? Well:

If you were a scammer, who would you think might be the easiest marks on the planet, ready to believe anything a conman might say? If you said Trump supporters, you’re clearly not alone.

It is the perfect watering hole for predators:

Truth Social, with its older user base of Boomers who have access to a lifetime of savings and retirement accounts, appears to be an attractive target for scammers running pig butchering operations.

And these are not just penny-ante scams. The losses suffered by some of these marks are in the hundreds of thousands of dollars, including: $500,000 from someone in Minnesota; $170,000, from another in Tennessee; $168,000 from another in New York, and the list goes on and on.

I highly recommend that you read the article, as it is a fascinating glimpse into another, overlooked and underreported aspect of the collateral carnage unleashed upon the MAGAs by the very false-messiah they hold so dear.

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[1] Url: https://www.dailykos.com/stories/2024/10/5/2274903/-MAGAs-Fleeced-on-Truth-Social?pm_campaign=front_page&pm_source=trending&pm_medium=web

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