What is the consequence for unauthorized fundraising according to Article 41 of the Federal Decree-Law of 2021 on Countering Rumors and Cybercrimes?
Whoever calls for or promotes a contest or electronic currency, or creates or manages a fictitious portfolio or company with the intention of receiving or raising funds from the public for the purpose of investing, managing, employing, or increasing these funds without a license from the authorities concerned shall be punished with imprisonment for not more than five years and/or a fine of not less than AED 250,000 or more than AED 1,000,000.