A man has been arrested in Dubai for scamming a number of people using 'magic ink' to alter financial documents.
The man presented fake business cards and an employee ID to convince his victims that he represented a bank.
Investigations by the Dubai Police showed that the suspect tricked people into believing he could secure bank loans for them for an "account opening fee". He would then fake the documents using 'magic ink', with the details disappearing shortly after they receive it.
He also swindled funds by altering cheques from the victims, filling out details, barring the victim's signature, in 'magic ink'. Once the ink disappeared, he would fill the blanks with his account details and an amount of his choice.
Officials said they started monitoring the suspect after receiving several complaints from victims.
Dubai Police have urged the public to remain vigilant against modern fraud tactics, and encouraged them to use personal pens to complete any forms or cheques for bank transactions.
The authority also warned them against engaging with unofficial entities or individuals who claim to secure loans in exchange for money.
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