In a press statement, the committee said that the methods that it monitored during the past include using logos of government agencies and some private bodies; and publishing incorrect statements related to government officials and public figures in the form of advertisements aimed at misleading citizens and expatriates, to make them believe in the legitimacy of the financial dealings of these suspicious entities.
They circulate their ads through these fake reports, so that they appear reliable to the public, though they are in fact promotional advertisements that use the logos of these newspapers and websites in an illegal manner to promote their suspicious activities.
When the reader clicks on the report, which is in the form of an online advertisement, a new page appears requesting the person, who wishes to invest his money, to furnish his contact details with the promise of quick financial gains, prior to using the process of fraudulent means against citizens and expatriates.
They also use social media platforms for paid promotion or by promoting through personalities who have high rate of popularity in various means of social media, which indicates to the public that this activity has some sort of legitimacy.
The committee called on the public to verify from well-informed sources and those holding necessary licenses before making any investments, and avoid being lured into temptations of earning quick gains as claimed by the unlicensed FOREX companies.
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