Comment by citizenpaul
1 day ago
Facebook admits around 10% of their ads are fraudulent. I think it's much higher.
The scam is even larger than you see and exploits missing children reports. There are huge automated scam networks that post missing children reports then get people to share them. Then once the post/ad gets traction they change it to a listing of a house that is auto pulled from public information. They then use that to scam people.
PleasantGreen has a series on it. https://www.youtube.com/watch?v=uud0wTAOxSc
A leaked Facebook document showed they know which ads are fraudulent because the ad system is programmed to never show those ads to the ad regulators, and it's most of the ads.
Any source for this?
What is the point of listing a house that isn’t for sale, though?
To scam people out of some made up fee. Application fee, filing fee, holding fee, reservation fee., whatever BS they can get someone to send them a few bucks for since it's all free money to them.
Probably collecting application fees from people interested in renting it.