9 suspects arrested for stock trading scam
A criminal gang consisting of nine individuals from multiple provinces has been arrested. They specialized in deceiving citizens by recruiting them through social media applications with the aim of investing their money in online stock trading. They employed various scams such as subscribing to investment packages to generate fake profits, then refusing to pay the owed amounts and converting the money into cryptocurrencies to send to foreign individuals they contacted outside the country. They were found with technical tools, various types of mobile phones, and digital wallets. They admitted to committing 26 fraud incidents, with the seized items valued at more than 4 million Egyptian pounds.
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