Dubai authorities have awarded Dh760,000 in compensation to a woman who fell victim to an online trading scam. The victim was misled by a man who shared a detailed YouTube video explaining how a fraudulent trading platform worked. He also provided a registration link, which led the woman to transfer money and subsequently incur financial losses.
This case underscores the growing threat of online trading fraud within Dubai, encouraging residents to exercise greater caution. Dubai officials are urging the public to:
- Verify the legitimacy of online investment schemes carefully.
- Avoid sharing personal information on unverified platforms.
The ruling sends a strong message against fraudulent financial activities in the UAE and offers hope to victims seeking justice. The compensation represents a significant victory in protecting consumer rights in Dubai’s expanding digital economy.
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