Crime and Courts

Hacker transfers almost Dh2 million from American account to Dubai

Filed on September 6, 2017 | Last updated on September 6, 2017 at 06.17 am
Hacker transfers almost Dh2 million from American account to Dubai

Upon discovering the hack, the American man contacted the financial services company and asked for his money.

A hacker transferred nearly Dh2 million from a bank account in Seattle to a financial services company in Dubai, intending to invest the money in stock markets.

According to court records, a hacker got access to the bank account of an American national in March 2013 and transferred $500,000 (Dh1,880,00) on three installments to the company's bank account in Dubai.

An unidentified man, who remains unknown, claimed he was the American bank account owner and withdrew some of the profits.

Upon discovering the hack, the American man contacted the company and asked for the retrieval of his money, reporting that he was not the person who transferred nor withdrew the cash.

While people in charge in the company admitted to receiving the money, they refused to return it to the American complainant, which prompted him to file a civil case against the company.

When the court assigned an audit to study the case and determine the source of the money, it was confirmed that the American claimant did not authorise the transfer of at least $250,000 out of the total $500,000 that were moved.

According to the report's findings, the other half of the money was transferred to a third party who transferred it to the company.

The claimant's legal consultant, Hassan Elhais from Al Rowad Advocates said the third party, who remains unknown, used a power of attorney which he claimed was given to him by the American national.

Elhais added that the power of attorney used was not issued from the USA, but another country.

The report also found that a cyber crime had occurred, urging the claimant to raise a criminal report for an investigation to be carried out with charges of impersonation and forgery.

Elhais explained to court that the number of hackers is unknown, arguing that it is impossible to trace the power of attorney used. He also showed the court that the passport copy and ID card submitted to make the transfer and withdrawal to the company were different from his client's documents.

Elhais presented copies of his client's original passport that showed a different name from the copy used to transfer the cash amount.

After the submitted documents were verified, the financial company was ordered to repay the $250,000 in addition to a nine percent interest rate on the amount from the date of his legal claim in September 2016.



Sherouk Zakaria

"Born and raised in UAE, Sherouk Zakaria is a Senior Correspondent at Khaleej Times. Joined since May 2016, she covers Dubai Municipality, Dubai Electricity and Water Authority (DEWA), special events and humanitarian issues. Her choice of journalism as a career stems from her passion of telling people's stories and writing to inspire or make a difference. In her free time, she's an occasional theater and film actress. Sherouk received her BA in Mass Communications from the American University in Sharjah in 2013. Before joining Khaleej Times, she was a senior lifestyle/entertainment editor for a magazine in Dubai."

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