<...>Personally, I will report it.
Do so.
Often you can reverse image the profile photograph and see where else if is being used. In cases such as this, it is frequent to be able to locate the image tied to some other name and account on social media, meaning that the former would be a fake profile. Ive tried about five different sites with no luck. In Instagram, you can additionally audit followers, but the available tools do not work on private accounts such as is the case.
Regardless, just looking at the terms of the offer it is pretty clear that it is a scam aimed at those gullible enough to go through with it.