Dubai Police, through its Anti-Fraud Center, has warned the public against engaging with companies and online platforms advertising unrealistic investment returns. Authorities stated that some platforms falsely promise fixed monthly profits of up to 10% with no risk, a key indicator of fraudulent schemes designed to lure victims and steal their money. Police noted that such entities often promote themselves via social media and paid online ads, sometimes misusing the names and logos of reputable financial institutions to appear legitimate. Many operate without proper regulatory licenses. Investigators said most of these schemes resemble pyramid schemes, using funds from new investors to pay earlier participants before eventually shutting down and disappearing. Dubai Police emphasized that monthly returns of 10% or more are unrealistic in any regulated investment market, stressing that high profits are always tied to high risk. The public is urged to verify licensing through official channels before transferring money or investing. Suspicious ads or activities should be reported to the eCrime platform or by calling 901. The Force added that combating financial fraud is a shared responsibility, and continuous public awareness remains the most effective defense against such scams.
