Dubai Police said on Sunday that it had arrested a cybercrime gang that specialised in online fraud by promoting fake trading and investment schemes through social media platforms.
The suspects falsely claimed to represent reputable trading and investment platforms, targeting victims through phone calls and social media advertisements, it added on X.
They convinced their victims that they could make high and quick profits, prompting them to transfer funds, which were subsequently funnelled into bank accounts outside the UAE.
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Their arrest followed several complaints from individuals who were deceived by them.
Dubai Police have identified the suspects and their locations quickly, leading to their apprehension.
