Financial frauds are a global menace, and the UAE is no exception. As one of the most prosperous nations in the region, the UAE has attracted numerous investors from all over the world. Unfortunately, the same prosperity and growth have also attracted many fraudsters who take advantage of unsuspecting investors. Financial fraud can be defined as an intentional deception or misrepresentation that results in a financial loss to an individual or an organization. Financial frauds can take many forms, including Ponzi schemes, advance fee scams, Bribery, and internet scams, among others. Victims of financial frauds in the UAE often find it challenging to recover their losses.