samreen Adeel
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đ¨ Dubai Police Bust Multi-Million Dirham Trading Scam đ
Dubai Police have arrested 4 suspects behind a high-level online trading scam that drained millions of dirhams from investors.
The fraudsters lured victims through cold calls and flashy social media ads, posing as investment firms like:
đš Sigma-One Capital
đš DuttFx
đš EVM Prime
đš UTrade
đš EVA Markets
đš Core Financial Markets
đ° The Trap:
They promised quick, high returns. The catch? None of these entities were licensed by the Dubai Financial Services Authority (DFSA) or Securities and Commodities Authority (SCA). Funds were funneled overseas, making recovery nearly impossible.
â Warning from DFSA:
Scammers often impersonate real firms.
Always verify licenses before investing.
Report suspicious activity via the eCrime platform or Dubai Police (901).
Stay alert â if it sounds too good to be true, it probably is.
#CryptoScam #DubaiPolice #DFSA #InvestmentSafety
Dubai Police have arrested 4 suspects behind a high-level online trading scam that drained millions of dirhams from investors.
The fraudsters lured victims through cold calls and flashy social media ads, posing as investment firms like:
đš Sigma-One Capital
đš DuttFx
đš EVM Prime
đš UTrade
đš EVA Markets
đš Core Financial Markets
đ° The Trap:
They promised quick, high returns. The catch? None of these entities were licensed by the Dubai Financial Services Authority (DFSA) or Securities and Commodities Authority (SCA). Funds were funneled overseas, making recovery nearly impossible.
â Warning from DFSA:
Scammers often impersonate real firms.
Always verify licenses before investing.
Report suspicious activity via the eCrime platform or Dubai Police (901).
Stay alert â if it sounds too good to be true, it probably is.
#CryptoScam #DubaiPolice #DFSA #InvestmentSafety
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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