Egypt
The Egyptian Ministry of Interior announced on Monday 24 February the arrest of 13 individuals involved in a large-scale online fraud scheme linked to the FBC platform (Financial Business Community). The FBC platform is an online investment scheme that falsely claimed to offer substantial returns through activities like watching videos and completing tasks. It utilizes a pyramid-like referral system to lure users, relying on funds from new investors to pay earlier ones. This platform deceived…
