Fraud in Egypt: 500 Million Stolen Shrewdly and Disappeared

In recent days, a new fraudster emerged in the Egyptian governorate of Damietta, deceiving several citizens and seizing millions of pounds under the pretense of investing in fake real estate ventures. Egyptian media reported that the individual ultimately failed to pay out profits and return the original amounts, prompting some victims to file several official complaints against "F. A. Ismail," residing in the village of Kafr Al-Ghab in Kafr Saad Center. It was revealed from these complaints that the total amount the fraudster took exceeded 500 million pounds. Victims' lawyer, Essam Khalaf, stated, "My colleagues and I have filed several lawsuits for a number of victims because the accused deceived his victims into believing he owned a collection of properties in various areas. After a while, he collected a significant amount of their money and completely disappeared."