A group of criminals has been sentenced to prison in the UAE following their involvement in a counterfeit currency scam that targeted unsuspecting residents through social media platforms.
The gang exploited social media to promote and sell counterfeit currencies, offering them at discounts of up to 50% on the actual value. The scheme involved luring victims to specific locations where they would exchange genuine UAE dirhams for the fake notes. The victims would typically realize the scam only after the criminals fled the scene.
The Federal Capital Public Prosecution spearheaded the investigation into the group’s activities, successfully bringing them to justice. The details of the sentences have yet to be disclosed.
Authorities are cautioning the public to conduct currency exchanges through licensed venues only and to remain skeptical of too-good-to-be-true offers, especially those promoting quick riches.