Yachts, jets and stacks of cash: super-rich discover risks of Instagram snaps
by David Batty from Technology | The Guardian on (#195QT)
Flaunting assets on social media makes the world's wealthy an easy target for fraudsters - and financial investigators
From 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 rich kids of Instagram are, often unwittingly, revealing their parents' hidden assets and covert business dealings, providing evidence for investigators to freeze or seize assets worth tens of millions of pounds, and for criminals to defraud their families.
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