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10 Oct 2013, 12:10 pm | Regulator or Authority Impersonation

DFSA and DIFC Individuals Impersonated in a Fraudulent Scam

The Dubai Financial Services Authority (DFSA) issues the following alert about a scam facilitated through fraudulent LinkedIn pages with the following email addresses:[email protected]@gmail.comThe fraudulent LinkedIn pages falsely represent that the pages belong respectively to:- His Excellency (H.E.) Essa Kazim, a Member of the Dubai International Financial Centre (DIFC) Higher Board; and- Mr Saeb Eigner, the Chairman of the DFSA. The fraudulent LinkedIn pages advise that the DIFC is offering “international project funding” at a fixed interest rate of 5% (on H.E. Essa Kazim’s page) and 6% (on Mr Saeb Eigner’s page) over a 20-year repayment term. The fraudulent LinkedIn pages can be viewed here.The DFSA strongly advises that you do not respond to the fraudulent LinkedIn pages, and under no circumstances should you send the scammers any money.The DFSA informs you that:• Neither H.E. Essa Kazim nor Mr Saeb Eigner communicate through “gmail.com”;• The scammers have used the names of H.E. Essa Kazim and Mr Saeb Eigner without authority and for a malicious purpose; and• The DIFC does not offer funding for any local, national or international projects.The DFSA has a page on its website dedicated to Alerts which it has issued in relation to scams. All Alerts issued by the DFSA may be accessed by going to:Your-Resources/dfsa-alerts The DFSA has also recently issued warnings and guidance about the common types of scams perpetrated on consumers. For more information on these scams, please go to:HowToAvoidBeingScammedIf you have any concerns about the authenticity of any DIFC or DFSA correspondence or documents, you should direct your concerns to the DIFC on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function on www.dfsa.ae or via telephone on +971 4 362 1576.

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