The Federal Capital Public Prosecution has recently said that it is looking into a case where a group of people are cheating others through fake money schemes on social media. They pretend to sell real money at half price but actually offer counterfeit cash.
These suspects use social media to advertise their fake money deals, claiming that they have discounted frozen or suspended currencies. They tell potential victims to meet them for an exchange.
Inside the criminal group, their partners attend these meetings, give the victims counterfeit money, and take real Emirati Dirhams in return. Then, they quickly disappear, leaving the victim with fake bills.
The UAE Public Prosecution has warned everyone to only exchange money through authorized channels and not to trust those on social media promising quick riches. It’s important to be cautious and not fall for such scams.