Latest news with #cybercrimegang
Emirates 24/7
2 days ago
- Emirates 24/7
Dubai Police Nab Cybercrime Gang Posing as Investment Brokers
Dubai Police have apprehended a cybercrime gang that specialised in online fraud by promoting fake trading and investment schemes through social media platforms. The arrests were made by the Anti-Fraud Centre at the General Department of Criminal Investigation following intensive monitoring and investigation. The operation, which the force revealed its details as part of the national awareness campaign #BeAwareofFraud, was launched after receiving several reports from victims who were contacted by the gang via phone calls. The suspects falsely claimed to represent reputable electronic investment and trading platforms, using this cover to gain the trust of their targets. The gang convinced victims they could earn high and quick profits, prompting them to transfer funds which were subsequently funnelled into bank accounts outside the UAE. The identities and locations of the suspects were thoroughly identified, leading to their swift arrest. Legal measures have been taken to refer them to the competent judicial authorities. Follow Emirates 24|7 on Google News.
Arabian Business
2 days ago
- Arabian Business
Dubai Police arrest cybercrime gang behind fake investment schemes on social media
Dubai Police have arrested a cybercrime gang that operated fake trading and investment schemes through social media platforms. The Anti-Fraud Centre at the General Department of Criminal Investigation made the arrests following monitoring and investigation work. Police revealed details of the operation as part of the national awareness campaign #BeAwareofFraud, the Dubai Media Office said in a statement. Fake trading platform scammers arrested by Dubai Police anti-fraud centre The investigation began after police received reports from victims who had been contacted by the gang through phone calls. The suspects claimed to represent electronic investment and trading platforms to gain the trust of their targets. The gang told victims they could earn profits quickly, convincing them to transfer funds. The money was then moved into bank accounts outside the UAE. Police identified the identities and locations of the suspects before making the arrests. The suspects have been referred to judicial authorities through legal measures.
