Based on a notice from The International Criminal Police Organization (INTERPOL), the Saudi Interpol warned that some shell and unlicensed firms are digitally promoting investment and trading platforms.
The Saudi Interpol noted that criminals are using short text messages or making phone calls to persuade their victims in creating accounts.
These websites allow the victims to open accounts and make deposits through payment cards or electronic transfers. Once the account is created, the fraudsters contact them by phone or mail and pretend to be official agents.
Usually, the victim receives an email notifying him that he has made quick profits, which is untrue.
According to the Saudi Interpol statement, the deceivers continuously contact their victims to allure them with promises of extra profits and to push them to invest more.
Regarding the means endorsed by the shell firms, the statement added that when victims wish to withdraw money from their accounts they are met with pretexts by the deceivers. By the time they realize that they no longer have access to their money, the fraudsters disappear and contact with them becomes impossible.
The Saudi Interpol called for exercising maximum caution in order not to fall victim to such investment traps with individuals or parties through certain websites without confirming they're legal and licensed.