Australian Competition and Consumer Commission advised people not to invest in fraud.
The Australian Competition and Consumer Commission (ACCC) has issued a warning to the public to stay vigilant against fake investment companies.
In a recent statement, the ACCC advised people not to invest in fraudulent or illegal schemes.
Fake schemes often deprive individuals of their hard-earned money, and registering a company does not guarantee legitimate investment opportunities.
The ACCC highlighted two companies, AA Investment Enterprise, and Ines Ahmed Investment Private Limited, which are promoting fraudulent investments using the registration credentials of ACCC.
These companies are misleading the public, and individuals are urged to refrain from engaging in any investment activities with them.
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