Dubai Police have made 43 arrests after members of an AI-powered supergang allegedly scammed an Asian firm out of $36m by using futuristic deep fake voice-changing technology.
Dubai Police carried out an international security operation to track the cyber criminals across several countries.
After investigation, luxury cars, valuable paintings and more items were confiscated from suspects by the police.
Dubai Police arrest deep-fake fraud suspects
Operation Monopoly resulted in the arrest of 43 suspects of various nationalities.
The gang leader and 20 other accomplices outside the UAE were revealed and an international arrest warrant issued.
Dubai Police first received a report from two East Asian companies through the E-crime platform stating they were victims of a multimillion-dollar fraud.
It said: “The fraudster impersonated the companies’ directors and replicated their voice to make the scam appear more convincing.
“Using deep-fake technology the scammer contacted the companies’ branches convincing the directors that the parent companies were confidentially conducting acquisition deals in Dubai.
“They were told it was necessary to transfer $36m to seal the deals.
“To add credibility to the narrative the fraudster sent official emails resembling those sent by the two companies.
“The Anti-Cybercrime Department swiftly tracked the information and financial transactions revealing the suspects’ attempts to hide the fraudulently obtained money.
“The suspects deliberately concealed the amount through a series of financial transfers among bank accounts in the country.
“Experts at the Anti-Cybercrime Department monitored the suspects’ activities and arrested 43 gang members in the country. Luxury cars, valuable paintings and others were confiscated.
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