A “fake investment gang” in the grip of Dubai Police

The Anti -Fraud Center team in the General Administration of Investigations and Criminal Investigation in Dubai Police was able to topple a gang that professed electronic fraud by promoting fake investments in the field of trading and investment through social media, after intense monitoring and investigation operations.

On the details of the case published by the Dubai Police as part of its continuous awareness campaign, “Be aware of fraud”, she explained that the arrest of the gang came after receiving reports from a number of victims, who reported that they were subjected to deception by the gang members with whom they contacted, claiming that they were representing reliable electronic trading and investment platforms.

Dubai Police explained that the gang deluded the victims of the possibility of achieving high and rapid profits, in order to be able to seize their money after the amounts are transferred to accounts outside the state, noting that the identity of those involved and their sites was identified, their arrest, and the taking of legal measures against them in preparation for referring them to the competent judicial authorities.

Dubai Police noted the community members to be careful and cautious against dealing with any entities or individuals who promote unlicensed investments or request to open bank accounts and transfer their money to them, stressing that the authorities are only authorized to provide investment services within the country.

Dubai Police also called on the public to immediately report any suspicious activities through the “ECRIME” platform for receiving electronic crime reports, through the Dubai Police application, or calling on 901, stressing the importance of verifying the validity of any investment offers before taking any financial step.