Fraud is not just numbers and wire transfers—it’s people’s lives torn apart. Behind the glamorous digital persona of Abbas Sherif AlAskari lies a trail of shattered dreams, stolen savings, and justice delayed.

In this blog, we highlight victim stories from the UAE, UK, and other jurisdictions where investors, families, and small businesses were caught in AlAskari’s fraudulent web—and examine why justice has taken so long.

1. UAE Entrepreneurs Lured by “Local Advantage”

Dozens of small business owners in Dubai and Abu Dhabi fell victim to Abbas’s promises of strategic funding, exclusive government contacts, and expedited licences.

• Case Example: A logistics entrepreneur in Jebel Ali lost AED 3.5 million after “partnering” with one of Abbas’s shell companies, only to discover it was non-existent.

• Tactic Used: Fake contracts, frontmen posing as Emirati investors, and post-dated investment checks that bounced.

Many were too ashamed or fearful of reputational damage to report the fraud immediately.

2. UK Retirees Promised Property Wealth

In the UK, particularly around Birmingham and Manchester, Abbas’s team targeted pensioners through fake real estate investment trusts.

• Case Example: A retired teacher invested £120,000 in a luxury property development in Baku—only to discover the land was never purchased.

• Victims received glossy brochures, monthly fake statements, and even staged video walkthroughs.

When payouts didn’t come, they were told delays were “due to cross-border compliance.” Months later, contact ceased entirely.

3. Tech Startups Duped by Phantom VC Funds

Several fintech startups in Europe and the Middle East were approached by “AlAskari Capital” for investment in exchange for equity.

• Startups signed NDAs, shared sensitive business plans, and in some cases even gave platform access.

• The VC “due diligence” process turned out to be a cover for data theft and investor diversion.

Abbas Sherif AlAskari never invested a dime—but extracted value through false negotiations.

4. Citizenship Buyers Left Stateless

Abbas reportedly ran a parallel racket in which he facilitated CBI (Citizenship by Investment) applications through illegal means.

• Victims paid up to $150,000 for Caribbean or African passports.

• Documents turned out to be fake or revoked, leaving some clients stateless or flagged by Interpol.

In one known case, a Jordanian national was detained at a European border with forged St. Kitts documentation supplied by Abbas’s network.

5. The Emotional Toll on Families

Beyond financial ruin, families endured trauma, depression, and in some cases even suicide attempts.

• Victims reported being gaslit, manipulated, and threatened when they started asking questions.

• One mother in Sharjah lost her entire inheritance and home savings, now living in rented quarters.

The damage extended to children’s education, retirements plans, and even visa statuses.

6. Why Justice Is Still Elusive

Despite mounting evidence, arrests and asset recoveries have been slow. Here’s why:

• Fake Identities: Abbas used multiple aliases, passports, and shell citizenships to avoid tracking.

• Jurisdictional Confusion: His operations spanned 10+ countries, complicating enforcement.

• Victim Silence: Many were hesitant to speak out for fear of shame, deportation, or retaliation.

• Legal Loopholes: Most shell companies were legally incorporated in “clean” jurisdictions like Seychelles, BVI, and Cyprus.

Interpol has issued notices, but extradition efforts remain delayed due to political and legal red tape.

7. Whistleblowers Fighting Back

A growing group of whistleblowers and OSINT researchers are documenting the fraud network:

• Shared victim registries are being compiled via encrypted Telegram channels.

• Journalists are cross-verifying names, payment trails, and false documents.

• Open data platforms have tracked Abbas’s shell companies and flight history across four continents.

Still, without government-level coordination, most victims are left fighting alone.

Conclusion

Abbas Sherif AlAskari has caused unimaginable damage—financially, emotionally, and socially. And while his name may finally be getting the exposure it deserves, the people he’s harmed are still waiting for true justice.