Team shortlist19 Jul 2017 AT 09:04 AM

Dubai’s financial sector issues public warning after attempted fraud

“Harding Capital Group does not and has never existed”
Team shortlist19 Jul 2017 AT 09:04 AM
Dubai Financial Services Authority, Fraud
© Shutterstock
Dubai Financial Services Authority, Fraud
© Shutterstock

The Dubai Financial Services Authority (DFSA) has issued a public warning after receiving fraud complaints from a number of UAE residents.

Said complaint was that a man supposedly named David Harding was offering them financial services and investment products under the parent company Harding Capital Group.

After investigation, the DFSA found that said company does not and has never existed in the UAE.

“The DFSA believes that Mr. Harding may reside in the UAE, and may be offering financial and investment services through Harding Capital Group. Mr. Harding claims to be the Managing Director of Harding Capital Group,” the DFSA has told local newspaper Khaleej Times.

As a result, the DFSA has issued a public warning urging all residents and investors not communicate with Harding or anyone from the Harding Capital Group.

This unfortunately is not the first time that fraud in the UAE has made headlines this year.

This past June, Expo 2020 Dubai has issued a statement warning the public about a fake competition after a number of UAE residents were targeted by fraudsters posing as the company.

The scammers attempted to trick several UAE residents into giving them their SIM card number, bank details and UAE identity number in exchange for a generous cash prize.

We contacted Expo 2020 Dubai directly for comment, and a spokesperson told us that they are not running this competition and have contacted the authorities to take legal action.

“We are liaising with Dubai Police and other relevant authorities to take the necessary legal action in order to stop and prevent such fraudulent acts. Expo 2020 Dubai is not and will not be launching any such competition. We thank the public for their vigilance and support,” the spokesperson said.

Several weeks earlier, Emirates issued a statement after online fraudsters used the airline’s official branding in an attempt to gain personal banking details through a fake Facebook questionnaire.

Taking form as an official Emirates Airline survey, the scam offers participants two free tickets if they complete a questionnaire.

To further entice readers to take part, it claims to only have a limited number of tickets left. Once readers click on the link that reads “Congratulations! You have been selected to take part in our short survey to get two free Emirates tickets. We only have 332 tickets remaining so hurry up.”

During this time hackers attempt to access to the participant’s online device and steal their personal information including bank details.

“Emirates has become aware of fraudulent websites purporting to come from the company claiming to offer free airline tickets to those who take an online survey.

“We advise not to click on any links or share these links on social media. Emirates is investigating the source of the scam and will take appropriate legal action against the perpetrators,” the airline said in an official statement.

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