According the Saudi media reports, The commerce ministry of Saudi Arabia has warned citizens against an online financial scam advert that uses a picture of its spokesperson to promote fraudulent investment products.
As per to details, The Saudi ministry emphasized the need to be cautious and to remain beware of falling into investment risks, signing up to, or dealing with suspicious websites, whose activities may involve illegal activities, promoting investment opportunities and promises of financial gain and quick wealth.
The Saudi ministry said in a statement that Social media and other online platforms have made it easier than ever before to reach highly targeted audiences with the information fraudsters want them to see, “Scammers attempt to get fake ads and information under your nose.
The statement further reads that, Not only could you be misled into buying something dodgy or unsafe, but it could also result in you falling victim to a financial scam,” “Work was being done with authorities to trace the source of this type of hoax advertisements, and to take the necessary legal action against them,”
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