I reported it on steemit.chat in the abuse channel. The guy's account was hacked. I feel a little guilty flagging, but the posts needed to be hidden. If they get his account back, I'll remove the flags.
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Good to know you can unflag a post and help restore the account. Hopefully restore his reputation with flag removals. I saw that it was already a 7 when I figured out the post was a Phish.