RA Investigative Committee warns against investing in projects  promoted on social media

ArmInfo.The Investigative Committee of Armenia has issued an urgent warning regarding sophisticated financial scams proliferating on social media. Fraudulent groups are posing as reputable investment firms to siphon  funds from unsuspecting citizens.

According to the investigative body, criminals use a multi-step  "phishing" funnel to gain access to  bank accounts: high-yield  investment ads appear on platforms like Facebook and Telegram, users  click a link and provide personal contact details, scammers reach out  via WhatsApp or Telegram, directing victims to fake,  professional-looking websites that mimic international investment  platforms and victims are asked to "top up" their accounts. When they  enter their credit card or banking credentials on these fake sites,  the criminals immediately drain the funds.

"The Investigative Committee strongly urges citizens to refrain from  taking the proposed actions if they receive such advertisements or  messages, and to report them to law enforcement agencies," the  agency's statement reads.