The Trinidad and Tobago Securities and Exchange Commission published an updated warning on emerging investment scam trends, saying market surveillance indicates scammers are using new tactics to defraud individuals. The Commission urged the public to remain vigilant, conduct due diligence on unsolicited investment approaches, and verify that any investment product or opportunity is registered with the TTSEC. The alert highlights common scam markers including fake or vague social media profiles, promises of unrealistically high returns over short periods, and shifting conversations to WhatsApp or Telegram after initial engagement. Reported tactics include pressure to deposit funds quickly into bank or third-party transfer accounts, assurances of “no fees” and rapid withdrawals, links to platforms that display inflated balances (often tied to cryptocurrency), and AI-enabled impersonation of legitimate financial institutions or public officials using realistic-looking documents and accounts. The TTSEC also flagged withdrawal delays where “fees” must be paid before funds are released (often exceeding $1,000), requests for sensitive identification or credit card credentials, circulation of funds through multiple accounts that may be linked to money laundering, persistent follow-ups, fake testimonials, and eventual loss of contact once victims seek refunds.

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