Fraudulent Ads Offer Loans Through Fake Pages, Police Warns

The Armenian Police has once again highlighted the issue of fraud, which is a crime against property. "Fraud is the theft of someone else's property through deception or misuse of trust," the police stated.

In today's world, where a majority of financial transactions can be conducted online, individuals with criminal inclinations devise credible mechanisms to illegally obtain others’ property through deceit. One common method of such fraud involves the creation of pages on social networks by fraudsters, who use various names for loan organizations. They post enticing advertisements promising loans at low interest rates.

Additionally, these scammers claim to provide loans to individuals listed on the so-called