How did the Hope Business scam work?
The Hope Business scam promised people they could earn money if they completed tasks for e-commerce websites such as liking or following a business page to help share it with more people. People needed to transfer money into the app first to be able to earn money for completing tasks.
Scammers would transfer money into people’s app to make it look like they were earning money when they completed tasks. Some people received money they had made by using the app. However, that money was taken from other people who were victim to the scam. When some people received money from the app, it made them believe that it was real, and so they told other people about the app.
People formed groups that helped them earn more money in the app. The scammers blocked people from withdrawing money they had transferred into the app and earnt by completing tasks.