[WAM] The Dubai Money Laundering Court found a 30-member gang and seven companies guilty of money laundering and embezzling AED32 million ($8.71 million) through an elaborate online scam, the Dubai Media Office announced on Monday.The court sentenced the suspects to a total of 96 years in prison, followed by deportation after time is served. They were also ordered to pay a fine of AED32 million.
The gang orchestrated the scam by sending 118,000 phishing emails to victims, posing as banks and financial institutions with whom the victims have existing relationships. The emails prompted the victims to make payments to the gang’s accounts.
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