Damac chairman Hussain Sajwani said scams were using his name for unlawful gain
Hussain Sajwani, the owner of Dubai-based developer Damac Properties, has warned that criminals are fraudulently using his name to entice people into signing up to online scams.
"Unauthorised individuals or organisations are falsely using my name and my foundation's name in an attempt to fraudulently secure unlawful gain," Sajwani said in a tweet.
While the details of the scam using the Damac chairman’s profile and name was not clear, it comes just weeks after Facebook announced it has put in place a dedicated team in place to detect fraudulent or fake posts on its social media platform after it emerged fraudsters had used the image of Abu Dhabi’s Crown Prince as part of a Bitcoin scam.
The fake news story, which appeared as a sponsored post, claimed Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, had endorsed a scheme that would help users to earn large returns from a cryptocurrency investment company.
“We want people to be able to trust the connections they make on Facebook. Claiming to be another person on Facebook violates our Community Standards, and we have a dedicated team that’s tasked with helping to detect and block these kinds of scams,” a Facebook spokesperson said in a statement.
Damac is one of the largest private property developers in the Middle East and since 2002 it has built over 25,073 units across a portfolio of projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.
As of March 2019, the company has over 40,000 units at various stages of progress and planning, comprising more than 10,000 hotel rooms. It is also developing a number of hospitality project in association with Hollywood studio Paramount Pictures and two Trump-branded golf developments.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.