Dubai International Financial Centre warns of online investment scam

Dubai: The Dubai International Financial Centre (DIFC) on Monday warned public of "certain e-mails involving investment scams" inviting investors to participate as brokers or agents in certain equity investment portfolio management programmes.

"The DIFC would like to alert the public of certain e-mails involving investment scams claiming to represent leading decision makers in the business and financial community, inviting individuals to participate as brokers/agents in equity investment portfolio management programmes," it said in an e-mailed statement.

"The invitations may suggest that certain leading organisations are privately looking for fiduciary agents and management experts who are willing to act as investment portfolio holders and administrators," it said.

The fraudulent schemes claim to offer financial rewards to those who participate. "Such e-mails are linked to organised fraud and DIFC strongly advises you not to respond to the invitations," it said.

"We request companies and individuals to be wary of any communication that uses the identity of leading organisations or its officials without authorisation to obtain confidential information or induce financial transactions and investments."

Do you think the authorities should put stricter measures in place to curb to curb such scams? What precautionary checks do you take before making an investment? Are you a cautious investor or do such emails help you make safer investments? Tell us at letter2editor@gulfnews.com or fill in the form bellow to send your comments.