Dubai Police Nab Cybercrime Gang Posing as Investment Brokers
Dubai Police have successfully apprehended a cybercrime gang that defrauded victims by posing as investment brokers and promoting fake trading schemes through social media platforms.
The arrests were carried out by the Anti-Fraud Centre at the General Department of Criminal Investigation following a series of complaints from victims. The operation was part of the national awareness campaign #BeAwareofFraud.
According to authorities, the gang contacted individuals via phone calls, pretending to represent well-known electronic trading and investment platforms. By promising quick and high returns, they convinced victims to transfer funds, which were then moved to overseas accounts.
Following detailed investigations, the suspects’ identities and locations were traced, resulting in their prompt arrest. Legal proceedings have begun to refer them to the judicial authorities.
Dubai Police issued a strong warning to the public against engaging with unlicensed entities offering investment opportunities or requesting financial transactions. They emphasized that only authorised institutions are permitted to offer such services in the UAE.
Residents are urged to report any suspicious activity via the eCrime platform, the Dubai Police app, or by calling 901. Authorities also stressed the importance of verifying the credibility of investment offers before taking any action.
