The General Directorate of Internal Security Forces warned of sophisticated financial fraud operations targeting citizens through fake trading and investment platforms spread on social media, confirming that many victims have incurred significant financial losses as a result of falling for these schemes.
The Directorate explained that fraudsters promote attractive ads suggesting the existence of guaranteed investment opportunities and quick profits, sometimes impersonating employees of global banks or financial experts or representatives of international investment companies.
According to the warning, victims are asked to transfer their money through cryptocurrencies or money transfer companies, while being misled through professionally designed websites about the possibility of tracking their accounts and achieving increasing profits daily.
The security forces indicated that these profits are entirely illusory, aimed at pushing victims to invest additional amounts. When an investor tries to withdraw their money or part of the alleged profits, they are asked to pay fees or additional amounts under various pretenses, before the website disappears or the account is suddenly closed.
The Directorate urged citizens to exercise caution and not to be swayed by promises of quick and guaranteed profits, emphasizing the need to ensure that the investment company is licensed by the official regulatory authorities and to communicate with it exclusively through its accredited contact means.
It also pointed out that fraudsters may impersonate the names of real companies while making slight modifications to websites or contact details to make them difficult to detect, confirming that any reputable company does not ask for money transfers to individuals' intermediary accounts but to official accounts that belong to it directly.
The Internal Security Forces concluded by stressing that electronic financial fraud has become more organized and complex, making awareness and prior diligence the first line of defense to protect citizens from falling victim to these crimes.