Police and judicial bodies warn against them

Fraudulent sites promise victims of «million» profits

Individuals have detected the spread of anonymous fraudulent sites and accounts on social networking sites, promoting individuals to obtain fantastic profits, by investing by subscribing to shares, and promising individuals to become millionaires within a short time.

They said that these sites and accounts promise to achieve large and attractive financial returns within a short time, to entice and attract victims and rob them of their money, stressing that they do not deal with anonymous unapproved trading companies.

Police and judicial authorities issued several warnings to members of society against falling victim to electronic fraud due to being drawn into new methods of seizing money by promoting quick profit and obtaining attractive returns and valuable prizes contrary to the truth, through misleading advertisements using the information network or one of the means of information technology.

As part of its awareness efforts, Abu Dhabi Police warned against unlicensed websites used by fraudulent companies outside the country to drain investors' savings after luring them with fake profits by trading in the financial markets (stock exchange), currencies, oil, real estate, and precious metals "gold and silver".

It advised investors to ensure the security of sites used to regulate capital markets, to avoid falling victims of financial fraud online, and urged them to raise the degree of protection in computers using approved anti-virus programs, and not to browse suspicious or unlicensed websites.

Radwa Moussa, a social media user, questioned the reality of advertisements that promote investment by buying local shares that generate monthly returns of thousands of dirhams per month, using the names and logos of these companies to promote these advertisements.

Mohammed Burai monitored the spread of fraudulent pages from outside the country, promoting unrealistic profits by investing in shares of national companies, exploiting the names of these companies to promote fraud, pointing out that he monitored advertisements promoting profits of up to 14,<> dirhams per month when investing in shares offered for subscription, and dealt with them cautiously and did not believe them.

Activists in the field of investment in the stock exchange stressed the need to pay attention to such sites, applications and fake links, from which fraud is carried out, and investment has doors and roads, not through links that come from here and there, calling for caution and caution.

They stated that companies that promote such fake advertisements, collect money from victims and then disappear, warning against interacting with them, and dealing only through the concerned authorities directly to buy shares and subscribe.

For its part, Abu Dhabi Police stressed the need not to be swayed by fake profits, returns and rewards, and to take advantage of the opportunities available through the trading of funds on approved websites, and to consult licensed companies, with a good reputation, subject to control by the official authorities, inside and outside the country.

Earlier, the Public Prosecution in Abu Dhabi warned members of the community against falling victim to electronic fraud by being drawn into new methods of seizing money by promoting quick profit, and obtaining attractive returns and valuable prizes contrary to the truth, through misleading advertisements using the information network or one of the means of information technology.

She appealed to users of social networking sites and the information network not to deal with unlicensed or fake parties, which use fraudulent methods through advertising and marketing through multiple social networks, to attract victims and convince them to send their money to obtain rewarding financial benefits and imaginary profits in record times.

She urged members of the community to ensure that these entities obtain the necessary licenses to practice financial activities from the competent authorities in the country before dealing with them. Electronic fraud is a crime punishable by law, and puts its perpetrators under legal accountability, as it punishes with imprisonment for a period of not less than one year, and a fine of not less than 250,<> dirhams and not more than one million dirhams, or one of these two penalties, whoever unlawfully seizes for himself or others movable money or benefit or a bond or signing this bond, using any fraudulent method, or by taking a false name or impersonating an incorrect character by Information network, electronic information system or one of the means of information technology.