Aziz ‘Com’ Mirza, a Canadian man residing in Dubai, has been arrested by authorities and accused of defrauding buyers by way of a string of get-rich-quick schemes, together with actual estate-backed cryptocurrency Habibi Coin — as soon as dubbed “the Bitcoin of the Center East.”
According to Gulf News, Mirza, who describes himself as a serial entrepreneur, mentor, influencer, and philanthropist is now in custody at Al Awir jail.
Mirza was taken into custody by Bur Dubai Police on October 27. He was arrested after a United Arab Emirates resident claimed they’d misplaced greater than $150,000 in one among his dodgy schemes.
Again in April, an investigation revealed how Mirza had fooled victims from everywhere in the world into collaborating in dodgy actual property tasks, and Habibi Coin, a now nugatory cryptocurrency.
Most victims belonged to the Muslim Entrepreneur Community (MEN), a UK-based on-line group, with which Mirza and his brother Rafaqat ‘Rocky’ Mirza have been related to shortly after it launched in 2015.
The brothers allegedly used the platform to drift an funding scheme referred to as the Leverage Programme (LP), which assured ‘monetary freedom’ inside a 12 months.
Every member (learn sufferer) was inspired to cough up a minimal of £5,000 to affix and a few 300 individuals signed up in early 2017. An extra 1,200 enrolled a number of months later.
Mirza claimed to run a number of firms throughout the cryptocurrency, expertise, actual property, automotive, luxurious rental, and media industries.
His verified Instagram account boasts greater than 800,000 followers and depicts a life seemingly stuffed with luxurious.