November 26 2022 4:28 PM E-paper Subscribe Sign in My Account Sign out

Jordanians fall prey for cyber fraud

fraud
(Photo: Envato Elements)
AMMAN — Days after a fraudulent operation estimated at tens of millions of Dinars through an electronic trading application was revealed, some who fell prey for the e-hoax said they sued the non-Jordanian company, which promised them high profits.اضافة اعلان

It all began when a link spread like wildfire across the Internet. It was for a foreign firm, which invited Jordanians to invest with it, promising sizeable returns.

On the website, instructions to investors included a link to an application to be downloaded on smart phones. The application, however, was not listed on online Apple or Android stores.

Walaa Sawalha, one of the Jordanians who downloaded the app and traded with the company, said her brother began first, “putting in hundreds of Jordanian Dinars”.

“He received JD200, so I was encouraged, and paid JD300,” she told Jordan News.

She said that the site offered a specific amount of money as a profit to those who invest with it. “It was a trap to convince others of the credibility of the application, and build confidence among people, especially since the site is not in Jordan.”

Sawalha said that in the middle of October, payments were deferred following an alleged glitch on the company’s site, which claimed at the time that there was an attempt to hack it. Meanwhile, it posted enticing offers to persuade its subscribers to invest larger amounts.

Rula, another subscriber who invested JD500, said what she went through was “fraud”. She said that one of her friends sold her jewelry to invest, hoping to achieve large financial gains.

She noted that the site is still operating, but that all the “money we put in was withdrawn”.

Khaled, who said he invested JD7000, told Jordan News that “the situation was reminiscent of the 2008 fraud, when citizens fell victim to a stock company”.

He said that he regretted signing up and paying a large sum of money, adding that at the beginning of November he had filed a case against all the people he communicated with when he first registered.

Attorney Rami Ababneh urged Jordanians who underwent a similar experience to lodge complaints with local authorities. He explained that the complaints may be “useless” because the company is not registered in Jordan, has no offices in the Kingdom, or a clear name.

But he pointed out that the complaints will have authorities investigate the fraud, and to possibly get leads about the firm itself from the people who encouraged Jordanians to invest with it.

Ababneh cautioned Jordanians to “beware of electronic transactions”. He stressed the need for raising citizens’ awareness about electronic trading, and warn them not to work with entities that are unknown, or unregistered.


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