Victims of the BlueChip Group investment scam were hit again as they were defrauded of 3.5 million dirhams in a fraudulent meeting impersonating court and law enforcement officials.
These victims gathered at a hotel in Dubai hoping for justice, only to encounter another well-orchestrated scam.
The fake officials claimed they could liquidate assets related to BlueChip to repay investors and demanded the victims pay a so-called "court processing fee."
The victims were induced to make large payments through bank transfers and cash. However, as demands continued to emerge, doubts began to surface, and eventually, the victims realized the entire operation was a scam.
Currently, suspects have been arrested, and investigations are ongoing. BlueChip Group had previously shut down, and its founder and CEO disappeared, leaving hundreds of investors with heavy losses. This new fraud incident serves as another reminder to be vigilant against investment scams and to protect one's financial safety.
A group of people were scammed twice in Dubai, once through an investment scam and once through a refund scam.
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