16 Hrs
Source:
بوابة أخبار اليوم
Foreign-led online fraud gang downfall
The security authorities have succeeded in arresting a criminal gang consisting of nine members, one of whom holds foreign nationality. They were involved in online fraud targeting citizens through social media applications. They deceived victims by convincing them to invest their money in online stock trading in exchange for fake profits, then refused to return the funds upon request. They transferred the money into cryptocurrencies and sent it abroad to the foreign defendant in exchange for a share of the profits, amounting to more than 4 million Egyptian pounds from the seized amounts. The defendants also admitted to committing 26 similar incidents using the same method. The investigation resulted in the seizure of mobile phones, electronic SIM cards, computers, and encrypted digital wallets, confirming their criminal activity.
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