DFSA fines investor $210,000 for misleading authority on fraud history
The Dubai Financial Services Authority (DFSA) has fined an investor over $210,000 (Dh771,330) for denying previous fraud cases and misleading the authority with false information.
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The Dubai Financial Services Authority (DFSA) has fined an investor over $210,000 (Dh771,330) for denying previous fraud cases and misleading the authority with false information.
The investor, Gary Joseph Peters, misled the authority by providing false and deceptive information related to his employment and criminal history as well as failing to provide documents.
According to the regulator, Peters was employed by a firm authorised by DFSA from November 2020 to June 2022, in which he was described as managing partner and public relations officer, in addition to the firm’s chief operating officer, as per the employment agreement.
During a compulsory interview, the DFSA found that Peters provided “misleading and deceptive” information by falsely denying that he had previously been convicted of criminal offences involving fraud or other dishonest conduct.
Peters had been charged with, and pleaded guilty to, three separate cases where he was involved in fraudulent and criminal activities in another jurisdiction, DFSA
Source
Reported by: Khaleej Times 26 Oct 2026 Read the original ↗ More from Khaleej Times →
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Khaleej Times (UAE).
When was it announced?
26 Oct 2026.
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Read the original at Khaleej Times: https://www.khaleejtimes.com/business/dfsa-fines-investor-210k-after-denying-previous-fraud-cases-and-giving-insufficient-proof
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