UAE cautions public over investment scam using airline identity
An investment scam using Emirates' illustrious brand is circulating on Facebook, and the airline has issued a strong warning about it.
The deceptive article, which features a photo of the CEO with an Emirates airliner, makes an unfounded announcement about a new platform for trading in Emirates equities.
Emirates' Cautionary Statement:
Fraud investment possibilities have been making the rounds on social media, according to a statement from an Emirates representative. "You should exercise caution," the representative warned, adding that all official announcements from Emirates are made through their official channels. "We are aware of a social media page circulating regarding fraudulent investment opportunities at Emirates, and we advise caution."
Deceptive Registration Process:
A daring claim on the registration form entices potential investors: "Would you like to make $250 into $7,500? We'll explain how through one of our investors." Those who fill out the form will receive a thank-you note and a callback guarantee within 24 hours. A last message during the registration procedure entices individuals who choose to ignore the call, saying, "Be ready to answer our call because there is a bonus awaiting you."
According to the investigation, the Trademasterhub website is just one month old and does not have any information regarding its owners. Scamadviser, a website validity evaluation tool, has concerns regarding trademasterhub.com and suggests that customers verify the site's reliability on their own. The website and its linked Facebook page have already disappeared, continuing a worrying pattern of linking questionable online platforms to prominent UAE and international figures and institutions.
Cybercriminals are increasingly blurring the lines between malvertising and deceptive advertising, employing morphed images to create an illusion of legitimacy. This follows a pattern where unsuspecting individuals encounter a celebrity's image with a catchy headline about significant earnings from an investment scheme while browsing social media or trusted websites. Clicking on such content directs users to a third-party page illustrating purported profits.
After providing details, a fund manager contacts them, encouraging an initial investment. However, the promised returns never materialize, and the expected call never arrives, leaving victims at a financial loss.