Money flipping is a type of scam where unscrupulous individuals offer to provide unrealistic returns on your money through the use of a ‘system’ or by taking advantage of inconsistencies in the financial system. They will ask you to deposit money with them so that you can make large (unrealistic) profits in a short space of time. Needless to say, once you have deposited the money the scammers disappear and you never hear from them again. A Western Union money flip refers to the scammer asking you to deposit money using Western Union.
While not technically illegal, these scammers are stealing your money by not keeping their promise to provide a return. Whenever you see such offers you should ask yourself whether what is being offered is too good to be true and if it is you should never deposit money to these scammer’s accounts.