Government agency TTSEC issues third warning about investment scams in Trinidad.

The Trinidad and Tobago Securities and Exchange Commission (TTSEC) has released a third public warning regarding the escalating risk of investment scams, following previous alerts in November 2024 and February 2025. TTSEC is alarmed by the increasing prevalence of sophisticated fraud schemes that continue to ensnare unsuspecting individuals. The Commission stresses the importance of vigilance and staying updated on the deceptive tactics employed by fraudsters to manipulate trust and access funds.

Among the warning signs highlighted by TTSEC are fake social media profiles used by scammers. These profiles often feature stolen or generic images, scant biographical information, and vague content aimed at initiating contact and fostering a false sense of confidence. Additionally, fraudulent promises of unrealistic returns, such as “Earn $30,150 on a $2,000 investment in 2 hours,” are common bait tactics employed by scammers. TTSEC also cautions against shifting communications to private messaging platforms like WhatsApp and Telegram, where imposters posing as investment representatives make misleading claims once contact is established on these platforms.

TTSEC underscores the danger of scammers providing banking details along with urgent deposit instructions to pressure victims into quickly transferring funds to secure investment opportunities or promised high returns. There is also a concern raised by TTSEC regarding claims of no fees or instant withdrawals, as victims are presented with fake investment platforms displaying inflated balances to deceive users into believing they are generating substantial profits. Furthermore, the Commission notes a surge in the utilization of artificial intelligence by scammers to fabricate false documents and impersonate public officials, complete with institutional logos, emails, and video messages. TTSEC advises individuals to verify all information directly with the respective institution.

Lastly, TTSEC warns of exorbitant withdrawal fees, where victims are coerced into paying over TT$1,000 to access profits, with additional charges possibly requested with no actual payouts provided. TTSEC remains vigilant in monitoring these fraudulent activities and urges the public to report any suspicious behavior promptly. The Commission reaffirms its commitment to safeguarding investors and raising public awareness of these deceptive practices.