Dubai: Dubai Police, represented by the Anti-Fraud Center in the General Department of Criminal Investigation, warns the community to avoid engaging with companies or platforms that promote misleading investment offers promising fixed monthly returns of up to 10% with no associated risks. They stressed that these offers exhibit clear signs of fraudulent practices aimed at luring victims and seizing their funds.

The Force clarified that certain companies promote themselves through social media and paid online advertisements, using the names and logos of reputable financial institutions to create a misleading sense of credibility while operating without valid licenses from regulatory authorities. The police noted that these scammers often employ pyramid schemes or promise false returns, collecting funds from new investors to provide temporary profits to earlier victims before vanishing without a trace.

Furthermore, Dubai Police stressed that expecting a monthly return of 10% or more is unrealistic in a regulated investment environment, as high returns inherently carry corresponding risks, indicating that such claims are clear warning signs of potential financial fraud.

Dubai Police urged the public to exercise caution and resist the temptation of false promises of quick returns. They stressed the importance of verifying company licenses through the appropriate official authorities before making any investments or transferring funds. The public is also encouraged to report any suspicious activities or advertisements immediately through the eCrime platform or by calling 901.

The Force underscored the shared responsibility of combating financial fraud and emphasized the significance of raising community awareness as the front line of defense against falling victim to such criminal activities.