Ambareen Musa, Founder and CEO of Souqalmal.com, talks about the various types of investment frauds that exist, how to weed out the phony ones and the red flags to watch out for:
Two major forex investment frauds have been uncovered in the UAE over the past year, with many gullible investors losing their life savings in a matter of months.
As a new investor, you must never part with your hard-earned money unless you know exactly where it’s going, how it will be invested and who will be managing it – all on paper, all in black and white.
So, to help you evaluate the authenticity of an investment scheme, the team from the financial comparison website, Souqalmal.com, has compiled a quick reference guide…
The usual suspects – common types of investment fraud
Investment scams come in many shapes and sizes. From the easy-to-spot to the more complicated ones, here’s a quick look at some of the widely notorious ones…
For full article go to The National.