Dubai Police warn of rising investment scams

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Dubai Police are warning the public to steer clear of companies and online platforms promoting misleading investment schemes that promise guaranteed monthly returns of up to 10 per cent with no risk.

The Anti-Fraud Centre says such offers show clear signs of scams designed to lure victims and steal their money.

Some of these companies promote themselves on social media using paid ads, even copying the names and logos of well-known financial institutions to appear credible, despite having no valid licences from regulators.

Many operate pyramid-style schemes, using funds from new investors to pay earlier ones before disappearing altogether.

Dubai Police also stressed that monthly returns of 10 per cent or more are unrealistic in a regulated investment environment. High returns always come with high risk, making such claims a major red flag.

The public is urged to stay vigilant, verify company licences through official channels before investing and report suspicious ads or activities via the eCrime platform or by calling 901.

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