A criminal gang has been sentenced to prison for their involvement in a counterfeit currency scam targeting UAE residents. The Federal Capital Public Prosecution initiated an investigation into this group of suspects who used social media platforms to defraud individuals by promoting fake currencies. Their deceptive tactic involved claiming these counterfeit bills were genuine, offering enticing discounts of up to 50% on the actual currency value. Once victims were lured in, the suspects would arrange exchange and delivery locations, where they would hand over counterfeit currency and abscond with genuine UAE dirhams, leaving victims realizing they had been scammed.

The UAE Public Prosecution has issued a stern warning to the public, urging them to exclusively obtain and exchange currencies through licensed authorities and to exercise caution when dealing with individuals on social media platforms, especially those promising quick financial gains. This case serves as a reminder of the importance of vigilance and verifying the legitimacy of financial transactions in an era where online scams pose a significant threat to unsuspecting individuals.