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A “blue chip trading scam” typically refers to a type of investment fraud, often a Ponzi scheme, where fraudsters use the credibility associated with legitimate “blue-chip” stocks (large, stable companies) to lure investors into unregulated, high-risk schemes with promises of high, guaranteed returns. A recent and prominent example is the Dubai-based BlueChip Group scam, which collapsed in March 2024, defrauding hundreds of investors of an estimated $100 million (Dh367 million). The Dubai BlueCh
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