Fraudsters have found new ways of conning bank customers. Sharjah Police have registered 10 cases of cheque fraud committed using ‘magic pens’ which have erasable ink.
According to the police, the criminals pose as bank representatives and offer gullible customers credit cards with a 'zero per cent interest rate', reported Khaleej Times.
They would collect a cheque signed with the 'magic pen' from them with the amount for the credit limit. However, instead of getting a credit card with great offers, they would find that an amount much higher than what they wrote out a cheque for was withdrawn from their account.
However, the forensic laboratories of UAE are working overtime to crack the cases and help police nab the culprits.
Brigadier Abdul Gader Al Ameri, director of the Sharjah Forensic laboratory, said investigations revealed that the pen given to the victims had ink that could be erased by exposure to heat.
He has advised residents to use their own pens to sign on agreements.
He said most of the victims in such cases were company owners, who were approached by criminals posing as insurance representatives, bill collectors or real estate agents.
Brigadier Al Ameri stressed on the importance of raising awareness among bank clients and business owners about the so called magic pen.