Crime

Public Alert: CSA Warns of Surge in Online Investment Scams

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The Cyber Security Authority (CSA) has issued a warning about a surge in fraudulent online investment schemes. These scams promise high returns on investments, but instead, victims lose their money. Here are the key points:

Modus Operandi
1. Scammers pose as subsidiaries of established foreign companies.
2. They advertise on social media, encouraging victims to invest.
3. Victims are promised substantial returns, but never receive them.

Latest Scam Names
1. M.F.A.
2. Sunnovagh
3. Iseetv
4. Okmarket
5. Phoenix

Recommendations
1. Be cautious of unusually high returns on investments.
2. Verify investment opportunities through official channels.
3. Report suspicious contacts or schemes to the CSA.
4. Contact the CSA via Call/Text (292), WhatsApp (0501603111), or Email (report@csa.gov.gh).

Statistics
– 10 cases recorded between January 1-29, 2025
– Total financial loss: GHS 65,860.00

Source:Ayisah Foster||The Punch Newspaper

 

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