Competition Committee warns of rising fraudulent ‘discount sales’ schemes

According to the regulator, the number of public complaints and social-media reports has grown in recent months. Many of the cases involve individuals posing as representatives of “trading and dealer companies,” who lure customers with promises of large one-day discounts, gifts, and limited-time bonus offers.

These sellers often emphasize the supposed benefits of their products to pressure consumers into making quick purchases. However, buyers later discover that the items were sold at inflated prices, lack the advertised properties, or are simply of poor quality.

Fraudsters frequently organize presentations and demonstrations to promote “attractive” deals. In some instances, customers are told they must recruit additional buyers in order to receive discounts or bonus products – a tactic resembling pyramid-style schemes.

The Committee highlighted one complaint as an example. A citizen was offered a vibrating massage cover along with a free air purifier and handheld massager. The seller also promised a 10-day return policy with a full refund. Under pressure, the customer agreed to purchase the item on installment and signed several contracts containing personal identification details.

At home, the buyer learned that using the massage device posed health risks to both himself and his partner, who has a disability. The couple also lacked the financial means to cover the loan payments. When attempting to return the product, the buyer realized he had not been given a copy of the purchase agreement or any bank details to process the return.

The Competition Committee urges consumers to verify all information about sellers and products, especially when purchasing medical or wellness equipment. It also recommends consulting healthcare professionals before using such devices.

Citizens are advised not to sign suspicious agreements, click on unknown links, or share personal data, including passports, electronic signatures, phone numbers, or SMS codes, with anyone.