Expat Warning: Luxury Car Scams Target Foreigners in Kuwait
Kuwait City, Kuwait: Kuwaiti residents beware! A high number of scam cases are plaguing the country, with an estimated 10 people falling victim to fraud every day. This alarming statistic comes from a recent report citing a three-year trend.
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Real Estate Ruse
The report indicates real estate scams are the most common, with courts seeing a daily average of 10 fraud cases related to property. This highlights the need for caution when navigating the real estate market.
Lure of Luxury
Luxury car scams come in second place, victimizing a significant number of Kuwaitis and expatriates. The report estimates nearly 500 people have been targeted in these schemes.
Investment Illusions
Fake investment opportunities round out the top three scams. Criminals exploit people’s desire for quick financial gain by promising high returns and guaranteed interest.
Deceptive Tactics
The report suggests scammers are becoming increasingly sophisticated, employing new methods to deceive their targets.
Stay Vigilant
Authorities urge residents to be cautious and avoid falling prey to such scams. Don’t be tempted by unrealistic promises of wealth, and exercise due diligence when considering any investment or property deal.
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