Lawyer commits Nafath fraud

Financial fraud has now evolved to include celebrities and businesspeople, with scammers relying on modern techniques such as artificial intelligence and social engineering to target emotion and trust by exploiting victims' feelings. The losses from financial fraud are estimated at around $440 billion annually, with an annual growth rate ranging between 15% and 19%, surpassing global economic growth, thus presenting a significant challenge to economies. Currently, the most prominent methods of fraud involve exploiting trust through impersonation of trusted entities, especially by scammers targeting the elderly, women, and young people aged 17 to 21.

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