Everyday, numerous individuals on Facebook Marketplace fall victim to fraudulent advertisements, resulting in financial losses.
Approximately 65,000 individuals from the UK suffered a financial loss of £37. 5 million as a result of engaging with Facebook Marketplace in the previous year.
To examine the efficiency of the system, we created a fabricated advertisement on Facebook for a cellphone.

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Last week, you might have encountered this advertisement while browsing Facebook’s online trading platform, Marketplace.

I have an unlocked Samsung S22 with a storage capacity of 128GB that I am offering for sale. The phone is in excellent shape and has always been protected by a case. Selling only because I am upgrading. Please provide additional information in the inbox. This text conveys a direct and urgent message to avoid individuals who waste time.

Priced at £250, it is an excellent deal compared to the original selling price of £769 if purchased brand new.

Would you be willing to reach out to the seller in order to make a purchase.

If your response is affirmative, then you would be one of many individuals who have been deceived by the fabricated article produced as a component of an undercover investigation conducted by Money Mail.

The tempting offer: Our deceptive Facebook advertisement featured a Samsung S22 smartphone priced at £250, although its regular retail value is £769.

Every day, numerous Facebook Marketplace users fall victim to fraudulent advertisements and experience financial loss.

According to TSB bank, approximately 65,000 individuals in the UK suffered a financial loss of £37. 5 million in the previous year due to their engagement with Facebook Marketplace.

According to Lloyds Bank, there has been a 75% rise in purchase scams on Facebook Marketplace this year.

Money Mail is urging tech giants like Facebook to immediately take steps to eliminate the rampant fraudsters infiltrating their platforms through its campaign, Stop The Social Media Scammers.

We aimed to assess the ease with which scammers could exploit online trading platforms like Facebook Marketplace by creating deceptive listings and absconding with the funds.

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