Rich kids: if social media is to be believed, then they tend to have a poorer understanding of the value of money. Instagram accounts like Rich Kids of Instagram™ aggregate photos of the children of rich people living the ‘high life’ while rubbing it in the faces of those of us whose parent’s don’t earn the equivalent a small countries GDP every year. Not all rich kids are like this, but a few rotten apples spoil the bunch.
The few self-important children who do belong on Rich Kids of Instagram™ can be nothing short of infuriating. Their unearned braggadocio is staggering in light of the fact that they’ve never worked a day in their lives. Still, they look down on those who weren’t born into excessive wealth.
Thankfully, karma appears to be alive and well. According to a new report from The Guardian, fraud investigators have been increasingly able to nab fraudsters by checking their kids social media accounts.
Social media posts often provide geo tags that investigators can access. These geotags help narrow down where fraudsters are spending their money and on what.
Even without the use of geotags, social media activity can be very incriminating. In one case, a London-based firm found that a man who claimed to have no valuables was concealing a $25 million yacht. This information came to light when his kids posted pictures of the yacht online.
Leading cybersecurity firms have said that they use social media to find evidence in 75% of their investigations.
Whether or not karma exists, it’s a heck of a lot easier to get away with fraud if you don’t post the evidence online.