Zim Now Writer
The government has issued a stern warning to citizens against a series of fraudulent schemes targeting individuals and businesses through social media platforms.
Scammers are posing as ministters and other high level government officials, offering fake grants and loans to unsuspecting victims, resulting in significant financial losses.
A press statement issued by the Ministry of Industry and Commerce reads, "The Ministry of Industry and Commerce notes with great concern the continued fraud by scammers who are deceiving unsuspecting individuals and entities by purporting to be officials from the Ministry and offering fake grants and loan opportunities through email and Facebook."
This development comes after Zim Now exposed the scam whereby online traders are cloning government officials's handles to lure people with promises of high return investments. The cloners stand to make thousands in commission through registration referrals on trading platforms.
https://zimbabwenow.co.zw/articles/11094/cyber-scammers-clone-government-ministers-handles
Government has also warned that some scammers are promising cash disbursements.
"The targeted individuals are being enticed into applying for loans but end up losing their hard-earned monies in the alleged application process. Fake loans, grants, adverts and offer letters impersonating the Ministry are in circulation," the statement added.
"These loan and grant offers are the work of scammers and must be ignored," the Ministry emphasized.
The Ministry has urged all stakeholders and citizens to remain vigilant and avoid falling victim to these scams. Measures are being implemented to halt the operations of these scammers and protect potential victims.
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