Facebook Hoax Claims Mark Zuckerberg's Millions Could Go to You

The now-viral hoax falsely promises users they can claim company stock in just a few clicks.
2:37 | 12/29/15

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Transcript for Facebook Hoax Claims Mark Zuckerberg's Millions Could Go to You
We all know what they say, if it sounds too good to be true, it probably is. But that didn't stop a hoax on Facebook from spreading like wildfire which began shortly after mark Zuckerberg and his wife announced they were giving a huge chunk of their Facebook share as way. ABC's gio Benitez is here to set the record straight for us. Good morning, gio. So we're not getting the money. Not getting the money, good morning. This latest one even mentions "Gma" to make you think it's real. But this morning we're told a seemingly innocent hoax could have dangerous intentions. This morning, a wild rumor spreading on Facebook, crediting "Gma" as the source, mark Zuckerberg is going to give away $4.5 million of his Facebook stock to people like you and me. All you have to do is copy and paste this to your page. This is not a hoax. It's on "Good morning America." The problem is, it is a hoax. Here's what we actually reported. Mark Zuckerberg promising to give away 99% of his shares of the company to charity. Reporter: The phony status update going viral. Facebook quickly responding. While Priscilla and mark's pledge to give money to improve the world is real, not everything you read on the internet is and they're not giving it away randomly. The hoax just one of thousands of hoaxes and scams taking over social media. I just won $250,000. Yes! Reporter: Kris white says someone wrote to her go winning 250 grand in a Facebook powerball lottery telling her she'd get her winnings if she sent in $750 for taxes. Sucker, I guess, I believed it. Reporter: The hoax doesn't ask for cash but experts say it could be used to find easy targets for I.D. Theft. Even if someone isn't necessarily asking for money they're trying to see if you're going to fall for this. Exactly. Then steal your identity. Yeah, it's like a trap, just trying to pull you in. Reporter: Overnight Facebook telling ABC news, it has an abuse-fighting team using automated and manual systems to catch it but you can spot them yourself too. There are spelling errors and gras mat cat errors throughout, usually a sign it's coming internationally. Reporter: If you want to see if a post is legit, look for this blue checkmark. The verified badge next to a company's name. And just about every social media site has a way to report suspicious activity. Sometimes as a link on the post itself, but Facebook says if you see your friends sharing hoaxes, just let them know it's not real and share that info with the rest of your friends, just don't believe everything you read online. Yeah, some great tips there, gio, thank you.

This transcript has been automatically generated and may not be 100% accurate.

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