Dubai Police have issued a stern warning to residents following a notable increase in fraudulent online ‘investment opportunities.’ These schemes, often advertised through social media and paid promotions, promise risk-free monthly returns of up to 10 percent. The Anti-Fraud Center at the General Department of Criminal Investigation has identified these offers as clear indicators of financial fraud. Scammers typically employ pyramid-style operations, using funds from new investors to pay earlier participants, creating a false sense of profitability before disappearing with the money. Authorities emphasized that guaranteed high returns are unrealistic in regulated investment environments and urged residents to verify the legitimacy of companies before investing. Suspicious activities should be reported via the eCrime platform or by calling 901. Dubai Police highlighted the importance of community awareness in combating financial fraud and protecting residents from falling victim to such schemes.
