WAM
15 Sep 2023, 20:46 GMT+10
ABU DHABI, 15th September, 2023 (WAM) -- The Federal Capital Public Prosecution has initiated an investigation into a group of suspects who defraud individuals by promoting counterfeit currencies on social media platforms, under the cover that they are genuine currencies with discounts of up to 50 percent off the actual currency value.
Investigations have revealed that the suspects advertise the availability of frozen or suspended currencies on social media, offering them to interested parties at discounts of up to 50 percent off the original price and when the victim contacts them, they provide a location for exchange and delivery.
The collaborators within the internal criminal organisation attend the meeting, hand over the counterfeit currencies to the victim, and receive genuine Emirati Dirhams in return. They then flee the scene, leaving the victim to discover that they have been the victim of fraud, and their money has been replaced with fake bills.
The UAE Public Prosecution urges the public to obtain and exchange currencies through licensed authorities and not to believe or trust what some individuals promote falsely on social media platforms, particularly those targeting individuals seeking quick wealth.
Get a daily dose of Sports Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.
More InformationSeven-time NBA all-star Damian Lillard, 34, recently joined a growing list of NBA athletes to be sidelined by a diagnosis of deep-vein...
(250511) -- SAN FRANCISCO, May 11, 2025 (Xinhua) -- Anthony Edwards (top R) of Minnesota Timberwolves shoots during the game 3 of the...
Washington DC [US], May 9 (ANI): Singer Kendrick Lamar leads the 2025 Black Entertainment Television (BET) awards with a total of 10...
Zhan Jiahui (1st L) in action against Denmark in the 2025 IIHF Women's World Championship Division I Group A in Shenzhen, China, April...
Washington [US], May 8 (ANI): TV personality and fashion designer Kristin Cavallari shared that fans wanted her to see in 'The Traitors'....
(Photo credit: Peter Casey-Imagn Images) The Miami Grand Prix suffered a major drop in television audience for the fourth edition...
Washington DC [US], May 9 (ANI): Singer Kendrick Lamar leads the 2025 Black Entertainment Television (BET) awards with a total of 10...
Washington [US], May 8 (ANI): TV personality and fashion designer Kristin Cavallari shared that fans wanted her to see in 'The Traitors'....
The Chiefs will play on Christmas for a third-consecutive season in 2025 Matt McMullen The Kansas City Chiefs are set to take the...
Linebacker becomes fifth in draft class to ink contract Darren Urban Cody Simonis hoping to create for himself a significant role...
Chris McPherson Will the tailgates feature Thanksgiving leftovers for Eagles fans come Black Friday? The NFL announced on Monday...
Chicago Bears The National Football League on Monday announced that the Chicago Bears will take part in the third-annual Black Friday...