Flaunting assets on social media makes the world’s wealthy an easy target for fraudsters – and financial investigatorsFrom selfies on super-yachts to posing with private jets,the young heirs of the uber-wealthy have attracted worldwide envy and derision by flaunting their lavish lifestyles on social media.
But these self-styled wealthy kids of Instagram are, often unwittingly, or revealing their parents’ hidden assets and covert trade dealings,providing evidence for investigators to freeze or seize assets worth tens of millions of pounds, and for criminals to defraud their families. Related: Kanye and 50 Cent go for broke Continue reading...
Source: theguardian.com