Instagram fake id & money demand from my friends

A person has created a fake social media profile using my photograph without my permission and is impersonating me. The person has contacted my friends through this fake profile and asked them to send money, falsely representing himself as me. I have not created or authorized this profile. I suspect that the account is being used for cheating and financial fraud. I am attaching screenshots of the fake profile and messages received by my friends. I request you to identify the person operating the account, take necessary legal action and prevent further misuse of my identity and photograph.