According to Lieutenant Colonel Ahmed Saeed Al Nuaimi, Director of the Criminal Investigations Department at Ajman Police, the security teams received information and reports about anonymous persons defrauding others by phone.
The Abu Dhabi Police, in cooperation with the Sharjah Police and the Ajman Police, have seized three gangs of 25 Asians for involvement in phone scam crimes through which they were able to cheat their victims and seize their savings in fraudulent ways.
A British man and his father claimed to have signed billion dirham contracts with Dubai Expo then used these claims to scam suppliers into selling them products worth millions using dud cheques.
What is there to say over the corpse of Bernie Madoff, maybe the least-mourned man this side of serial killers? Well, he died alone, which he deserved, as harsh as it is to say on this, the day of his death. His son killed himself in 2010, two years after Madoff’s arrest,
Hong Kong's elderly are plagued by phone scammers who seek out vulnerable and wealthy victims willing to transfer money or make bogus investments. Police said scammers targeted an elderly woman living in a mansion on The Peak, Hong Kong's ritziest neighbourhood.
Last summer criminals contacted the unnamed woman pretending to be Chinese public security officials.
Official records point out that the defendants had issued 10 numbers from a telecommunications company, using the forged government contracts, and used them to send out scam messages to steal the targeted victims’ money.
A bank’s service agent forged a customer’s signature on a cheque, which he stole form his chequebook, and managed to withdraw Dhs1.2 million from the account concerned. The customer was reportedly completing a transaction at the suspect’s office when the latter surreptitiously stole a cheque from the former’s chequebook.
A fraudster who posed as a prince and used counterfeit Dubai Courts documents to swindle cash from a female investor will spend one year behind bars.
DFSA imposes financial penalties of $299,300,000 (Dhs1,098,431,000) and $15,275,925 (Dhs56,062,645) on Abraaj Investment Management Limited (AIML) and Abraaj Capital Limited, ACLD, respectively.