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Dubai isn't shy to the rags to riches stories surrounding lucky residents winning millions through raffle draws. But a recent circular is warning the money-hungry of a new scam doing the rounds in Dubai, whereby residents are being told they are the lucky winners of a $1 million lottery draw.
On Sunday, the Dubai Financial Services Authority (DFSA) issued a warning to its subscribers about a fraudulent scheme in which its name is being used to dupe hopeful raffle winners.
Titled, 'False DFSA Documents Used to Promote Fake Emirates Lottery', the circular reads: "Dear Subscriber, DFSA alerts the financial services community and members of the public about a fraudulent scheme in which the DFSA has been impersonated."
According to the alert, the scammers contact consumers and falsely claim that they are the "beneficiaries" of a $1 million raffle as part of the 'Emirates Lottery 2017.
Issuing the not-so-lucky winners with a fake 'certificate of award', the scammers then instruct consumers to submit the certificate, complete with an $800 fee, to the National Bank of Dubai along with a Fund Release Order form, allegedly issued by the DFSA.
To try and pose as a legitimate scheme, the scammers send a breakdown of what exactly the consumer's $800 is being used for, citing a certification fee of $550; a court seal fee of $100; and an endorsement fee of $150.
They then promise the "lucky" winner that the bank will transfer the $1 million funds direct to them.
Using the name of the DFSA's chairman to promote the scam, the scammers contact the consumers by way of false email address using the DFSA's name (dfsa.sector@financier.com) to correspond with them.
In the circular, the DFSA has reiterated that the Emirates Lottery 2017 "does not exist" and added that there is no banking organisation in Dubai or in the United Arab Emirates called the National Bank of Dubai.
"The DFSA strongly advises that you do not respond to any communication regarding the scam, and under no circumstances should you send or give any money to any party in connection with the scam."
kelly@khaleejtimes.com
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