Dubai Police Arrest Fraudster Who Used ‘Magic Ink’ To Deceive Victims

An Asian man has been arrested by Dubai Police for using 'magic ink' to provide fake bank loans to victims. The fraudster reportedly conned individuals into believing he could assist them to obtain bank loans in exchange for money and then provided them with fake documents printed with the ‘magic ink fraud’, which vanished shortly after they received them.

According to a statement released by Dubai Police, the Fraud Prevention Center proceeded with the arrest of the fraudster upon receiving complaints from victims. The fraudster deceived them with fake business cards and a job ID, impersonating a bank. To mislead victims, the fraudster used two tactics, starting by making them sign documents like 'account opening fees' in exchange for money.

His second tactic involved obtaining a cheque from the victims, writing the cheque details with magic ink fraud while they signed with a regular pen. Once the ink vanished, he substituted their names with his own and altered the amount, using his knowledge of their bank balances, the police said. Dubai Police advised community members to exercise heightened vigilance against modern fraud tactics, specifically warning against interactions with unverified parties or individuals claiming they can facilitate banking transactions in exchange for money.