Dubai-based brokerage firm vanishes overnight, leaving millions of dirhams in investor funds unaccounted for.

A UAE-based brokerage firm, Gulf First Commercial Brokers, has vanished overnight, taking millions of dirhams from investor funds. The firm's office spaces in Dubai's Business Bay have been abandoned, and many investors, including Indians, have lost millions. Police have filed a complaint against the firm and its alleged affiliate, Sigma-One Capital, which operates without authorization from Dubai's financial authorities. The scam follows a familiar pattern seen in earlier UAE fraud cases, where victims were lured by promises of secure trading environments through cold calls.