Desperate times: Losing money to online get-rich-quick schemes

Money-game apps like TikTok Cash and Snack Video, among many others, quickly became viral for the easy-money possibilities they seemed to offer. - The Jakarta Post/ANN

JAKARTA, March 14 (Jakarta Post/ANN): Earning cash from the comfort of your couch is no longer a pipe dream, thanks to the internet. Some offer nothing but empty promises, and even worse, some turn our desires into massive monetary losses.

In the second year of the pandemic, the Financial Services Authority (OJK) noted that 28 bogus investment companies had been taken down not so long after they had risen to popularity. Money-game apps like TikTok Cash and Snack Video, among many others, quickly became viral for the easy-money possibilities they seemed to offer.