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03 Mar 2013, 12:03 pm | Regulator or Authority Impersonation
False DIFC Document used to Promote a Fraudulent Scam
The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public to a fraudulent email scam facilitated through the email address: [email protected]
perpetrators of the scam send a letter to the “Manager/Director/ CEO” of companies in which the scammers fraudulently claim to represent the Dubai International Financial Service Authority (DIFCA). The false letter contains the unauthorised use of the:• Name and logo of the Dubai International Financial Centre (DIFC); and• Identity of a DIFCA employee.The scam letter offers participation to “brokers and/or agents” in an Equity Investment and Project Management programme from DIFCA. The programme promises access to loan funds in the amount of USD $2.5 million to USD $5 million at an interest rate of 3.5% per annum, which may appear attractive to inpiduals seeking finance. The letter is a fraud and is linked to organised crime. The DFSA strongly advises that you do not respond to any such invitations, and under no circumstances should you send the originator any money.The DFSA informs you that:• the letter is a false document which has been used by the scammers to legitimise the fraudulent activity;• neither the DIFC nor the DFSA communicates through email addresses with the domain name “planetmail.com”; and• DIFCA does not offer participation in Equity Investment and Project Management programmes.If 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 or to the DFSA Complaints function by accessing the complaints portal on the DFSA website or calling the DFSA on Tel:+971 4 362 1576.
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