Have you ever seen online trading ad promising "high and quick profits"?
Well, it turns out those promises are often too good to be true.
Dubai Police just busted a massive scam, and the details are wild.
A syndicate of four people allegedly defrauded hundreds of people, using phone calls and social media to lure them in with fake brands like Sigma-One Capital and UTrade.
They would get victims to transfer money, then move it all to accounts outside the UAE.
The craziest part? One of the scam companies, Sigma-One Capital, was already known for disappearing with millions of dirhams from investors.
It all goes to show that if a trading opportunity seems too good to be true, it probably is.
#scam #Write2Earn
Well, it turns out those promises are often too good to be true.
Dubai Police just busted a massive scam, and the details are wild.
A syndicate of four people allegedly defrauded hundreds of people, using phone calls and social media to lure them in with fake brands like Sigma-One Capital and UTrade.
They would get victims to transfer money, then move it all to accounts outside the UAE.
The craziest part? One of the scam companies, Sigma-One Capital, was already known for disappearing with millions of dirhams from investors.
It all goes to show that if a trading opportunity seems too good to be true, it probably is.
#scam #Write2Earn
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Jager
Alpha
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