FAKE social media reports have sparked public panic over a supposed organised dog abduction ring targeting pets around Frankston and the peninsula. Police have moved to allay fears that beloved pets were being stolen from Frankston and peninsula homes to be used in, or as bait for, illegal dog fights, as reported in widely circulated Facebook postings. “It’s all fake. It’s simply not happening,” a Victoria Police spokesman said. “We have investigated this thoroughly and can confirm there’s absolutely no substance to the reports.” Police have been swamped with reported sightings of a White Toyota ute and other “suspicious activities”…