𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 𝐄𝐒𝐂𝐀𝐏𝐄

𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 𝐄𝐒𝐂𝐀𝐏𝐄

𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 𝐄𝐒𝐂𝐀𝐏𝐄 Telegram | DID YOU KNOW?

Since January 2022, the SC has received a total of 47 complaints and enquiries on illegal investment schemes promoted through Telegram. These fraudulent schemes offer non-existent investment opportunities, promising very attractive and risk-free returns within a short span of time. They commonly offer unrealistic returns of as high as 1,000% within 24 hours or even within a few hours. The gold standard of encryption, known as end-to-end encryption, where only the sender and person who receives the message are able to see it, is available on Telegram only when the Secret Chat function is enabled. Voice and video calls are also completely encrypted. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the world’s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth." As such, the SC would like to remind investors to always exercise caution when evaluating investment opportunities, especially those promising unrealistically high returns with little or no risk. Investors should also never deposit money into someone’s personal bank account if instructed. Perpetrators of these scams will create a public group on Telegram to promote these investment packages that are usually accompanied by fake testimonies and sometimes advertised as being Shariah-compliant. Interested investors will be asked to directly message the representatives to begin investing in the various investment packages offered.
𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 𝐄𝐒𝐂𝐀𝐏𝐄 from kr

𝐎𝐅𝐅𝐈𝐂𝐈𝐀𝐋 𝐄𝐒𝐂𝐀𝐏𝐄Since 22 May 2023
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