Yachts, jets and stacks of cash: super-rich discover risks of Instagram snaps | Technology | The Guardian
▻https://www.theguardian.com/technology/2016/apr/03/super-rich-discover-hidden-risks-instagram-yachts-jets
Oisín Fouere, managing director of K2 Intelligence in London, said social media was increasingly their “first port of call”. Their opponent in one asset recovery case claimed to have no significant valuables – until investigators found a social media post by one of his children that revealed they were on his $25m yacht in the Bahamas.
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The growing significance of social media in litigation was recently illustrated by rapper 50 Cent, who was ordered by a Connecticut court last month to explain a photo on Instagram in which he posed with stacks of $100 bills that spelled out “broke”, months after filing for bankruptcy. The rapper claimed the money was fake.
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Hall, a former lawyer turned corporate investigator, said most investigations were more complex, and involved using social media to map a target’s family and business networks. For example, they might use the metadata embedded in an Instagram post to identify their location, or use a Facebook “like” or tag to track down a proxy company. He said: “You can start building up a profile of that individual: where they are; what their interests are; who are they regularly in touch with?”