Q: I was persuaded by my friend to put money in an online trading, and he will trade on my behalf and will share the profits. He guaranteed me that he will trade very carefully and the principal amount will not decrease, but he lost all the money in one night which is AED 35000. Then he gave me 6 cheques of 5000 each payable after every third month. Kindly advise how to proceed as he is not ready to pay now.

Q: Recently, I have been scammed by a person who claimed to be an agent for an organization in Singapore. She claimed that she does 1 min of battle contract trading giving signals to her clients to make the most money. Basically, she asked us to register on a website on which there was battle contract trading. She would make us transfer USDT into the account. She would then give us signals to participate in trading where she made us win profit and every day against our capital. I was introduced by a friend who was dealing with her. He made money and did some withdrawals. After he introduced several other people who trusted him since he was making money and had withdrawn some amount, we tried to withdraw our profit too. That's when the curtain's dropped and all of us realized that we have been scammed. Please help me, I have all the evidence. I can even see my money going from one crypto wallet to another. I just need guidance from professionals to trace my money and get it back. Please Help.

Q: Hello! I got scammed by my friend. She asked me to give her money, promising to return it, but when I asked for my money, she refused to give it back. There’s no contact between us except for WhatsApp messages, and I transferred the money to her via bank (I have the bank receipts). A few days later, I discovered that she scams many people like this, including her colleagues. She claims that she’s broke but uses this money in stock trading. Everyone is afraid to come forward because they don’t want to spend money on a case they believe they will never win. People around me told me that without a written agreement, I can’t go to court because I will definitely lose. They said, “You don’t have any solid evidence.” However, I have WhatsApp messages and know three people whom she scammed and took thousands from. What do you advise me to do? Should I go to court, or should I let it go because I’ll never win?

The provisions of this Federal Decree-Law No. (31) of 2021 Promulgating the Crimes and Penalties Law, known as the "New UAE Penal Code", governs criminal actions in the United Arab Emirates. The New Penal Code repeals the previous UAE Penal Code (Federal Law No. (3) of 1987 Promulgating the Penal Code).

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

The provisions of this law On Evidence in Civil and Commercial Transactions (Law of Evidence) govern evidence in civil and commercial disputes in the UAE.