The Kellers were freed from prison that year, but not fully cleared of the charges against them until last June, when prosecutors finally declared them innocent AFP/File
CAIRO - 25 February 2025: The Public Prosecutor's Office has launched an extensive investigation into complaints filed against individuals accused of defrauding citizens and misappropriating their funds through the now infamous FBC electronic platform. The case, which has garnered significant media attention, has exposed a complex web of alleged financial crimes.
According to legal sources, the accused face a multitude of charges, including fraud and misappropriation, engaging in fraudulent activities and unlawfully acquiring funds through deceptive means, constituting classic fraud offenses. They are also charged with unauthorized financial activity, operating without the necessary licenses in the financial transactions sector, violating the Central Bank and Banking System Law (No. 194 of 2020).
Further charges include operating an unlicensed investment platform, establishing and operating an investment platform and soliciting funds without authorization from relevant authorities, and online fraud, managing an online entity for electronic fraud, with the intent to deceive and steal money from citizens. Finally, they are charged with money laundering, laundering illicit funds to conceal their origins.
The FBC platform's fraudulent activities have sparked widespread outrage, with thousands of victims in Egypt and abroad expressing their grievances on social media. The authorities have been actively tracking and investigating the platform's operations.
The General Administration of Information Technology at the Ministry of Interior, in collaboration with the Criminal Investigation Department in Beheira, has successfully apprehended one of the key suspects involved in the FBC platform case. This arrest followed numerous complaints filed by victims across several governorates, alleging that the suspect had established a platform headquarters and organized promotional events under the company's name in Beheira, Giza, and Cairo.
Social media platforms have been flooded with complaints from FBC Marketing Company subscribers who claim they were victims of a large scale fraud operation after the company seized their funds.
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