The Securities and Commodities Authority (SCA) in the UAE has issued an urgent warning to investors regarding a new scam involving fraudsters impersonating the defunct Mena Corp entity. These scammers are using fake platforms to deceive potential investors and the public.
The warning specifically calls out a company named Inefex, which is not licensed and operates through two suspicious websites. The SCA strongly advises investors to avoid any dealings with these unauthorized entities.
Key Points to Note
- Fraudsters are impersonating the old Mena Corp to exploit investors.
- Inefex is an unlicensed company involved in the scam through suspicious platforms.
- Investors should verify company legitimacy before making financial commitments.
- Authorities are actively monitoring to protect market stability and investors’ interests.
- Always consult official sources and regulatory bodies to confirm an investment company’s authenticity.
Security experts emphasize the importance of verifying all investment opportunities through credible and official channels to avoid falling victim to fraudulent schemes.
This warning falls under the UAE’s ongoing efforts to crackdown on financial scams and maintain trust in the investment environment.
Investors are urged to stay vigilant and promptly report any suspicious offers to the appropriate authorities.
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