The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public to a fake Telegram Channel in which the DFSA was impersonated.
The scammers have set up a Telegram Channel inviting members of the public to invest, with a promise to generate profits of 100%. The fake Telegram Channel includes a post which states “Start Your Trading Today And Win 100% of Your Investment Money. INVESTMENT TRADE will provide you with the best service for all of you so that can make money without having to leave the house”.
In an attempt to make the scam seem authentic, the scammers have:
The DFSA informs you that the:
The DFSA strongly advises you not to respond to any communications regarding this scam, and under no circumstances should you send or give any money to any party connected to the scam.
The DFSA has a page on its website dedicated to alerts which is has issued about scams. All alerts issued by the DFSA may be accessed by going to Alerts
The DFSA has also issued warnings and guidance about the common types of scams perpetrated on consumers. For more information on these scams, please go to How to avoid being scammed
The DFSA encourages consumers to refer to the list of regulated Firms and Authorised Individuals licensed by the DFSA that is available on the DFSA's Public Register
If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the DIFC, DFSA or a DFSA-regulated Firm, you should direct your concerns to the DIFC on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function on Complaints
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