There has been a sharp increase in investment scams, recently reported in the market, circulating through WhatsApp and Telegram.” Many victims are lured into fake groups, shown fabricated profits, and then asked to transfer money — which they never get back.
1. You’re Added to a Group Chat
Scammers may add you to a group or message you directly. The group appears active with fake members sharing success stories, profits, and positive reviews to build trust.
2. “Expert” Advice and Guaranteed Returns
You’ll be introduced to a so-called “investment advisor” who shares crypto tips or stock picks. They may even show screenshots of profits or dashboards — all fabricated.
3. Request for Money Transfers
Soon, you’re asked to invest — usually via crypto transfers, wire payments, or payment links. Once you transfer money, the scammers disappear or stall with excuses.
– Unsolicited messages from unknown numbers or contacts claiming investment opportunities.
– Groups full of hype, with daily “profits” posted by unknown members.
– Pressure to act quickly or “not miss out” on limited-time opportunities.
– Requests for payment via crypto or shady platforms with no official links or verifiable credentials.
– No clear company name or regulatory information — legitimate investment firms are always registered and transparent.
Real Case Example
One customer was added to a Telegram group promoting a “sure-win” crypto fund. After transferring funds, they saw fake profit updates and were asked to “top up” to withdraw profits. In the end, they lost over AED 50,000 with no way to recover it.
– Ignore and exit suspicious groups immediately.
– Never transfer money to unknown entities or individuals without verifying credentials.
– Report suspicious activity to your bank and local authorities.
– Enable two-factor authentication on all financial and communication apps.
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