PROTECT your hard-earned money by investing only through credible, registered and regulated financial institutions.

This is the advice coming from the Trinidad and Tobago Police Service (TTPS) as Head of the White Collar Crime Division has observed with growing concern a troubling trend emerging on social media platforms.

The TTPS stated via media release on Sunday that several advertisements were being circulated that falsely portray themselves as legitimate investment opportunities, often promising unusually high and rapid returns on small cash investments.

Recently, an advertisement featuring a photograph of Minister of Finance Davendranath Tancoo claimed that an individual could receive thousands of dollars within 48 hours from an initial investment of just TT$100.

“This information is false. In addition, the name of the company mentioned is also false,” the TTPS stated.

 The TTPS advises members of the public to exercise caution and vigilance and not be misled by these deceptive schemes that promise unrealistic, overnight financial gains.

Also, citizens are advised that if they encounter or suspect such fraudulent activity, to report it to the TTPS immediately.