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A Massive Ring Of Online Email Scammers Have Been Convicted
Dubai is hard at working plucking out the dregs of society who plague us with constant email scams and phone scams.
The Money Laundering Court at the Dubai Courts has convicted a 30-member gang and seven companies for laundering money and embezzling AED32 million in an online scam. 30 members face a combined tottal of 96 yearsin priosn, followed by deportation, the defendants will also jointly pay a fine of over AED32 million as reported by Dubai Courts today.
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How the scammers operate
Counselor Ismail Madani, Senior Advocate General and Head of Public Funds Prosecution, said that the gang stole the money by sending 118,000 phishing emails to victims, falsely impersonating banks and financial institutions with whom the victims had business relationships.
These phishing emails requested the victims to transfer payments to the defendants’ accounts. Later, the defendants cashed out the money or transferred it to other accounts, while other defendants purchased used cars to conceal the illicit source of the funds.
The UAE will spare no effort to counter such harmful activity
Dubai is going all out to protect its citizens
The UAE authorities spare no effort in combating such criminal activity and are fully committed to fighting money laundering, online crimes, and scams that can have a potentially detrimental impact on the national economy. He also commended the collaborative efforts of various entities to address such crimes and uphold the rule of law, according to Counselor Ismail Madani,
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