Ahmed Nabil Warns Against Money Investment Fraud and “Al Mostareeh” Scams
Lawyer Ahmed Nabil, a Court of Cassation attorney, warned about the dangers of money investment fraud, explaining how greed and blind trust lead many citizens to become victims of scams.
Ahmed Nabil Warns Against Money Investment Fraud and “Al Mostareeh” Scams
Ahmed Nabil, a Court of Cassation lawyer, has warned citizens about the dangers of money investment fraud crimes, stressing that greed and excessive trust are among the main reasons many people fall victim to financial scams. He explained that these crimes continue to occur despite repeated warnings and previous cases, noting that financial motives remain one of the primary reasons behind a large number of criminal activities.
Ahmed Nabil Explains Reasons Behind the Spread of Money Investment Fraud
During his appearance on the program “El Hawa Ghalab” broadcast on Al Mehwar Channel with presenter Noreen Shehata, Ahmed Nabil stated that around 80% of crimes are mainly driven by financial motives. He explained that money investment fraud usually begins when a person with savings searches for an investment opportunity promising high returns, then hands over their money to someone claiming the ability to manage it and generate large profits.
How Money Investment Scams Begin
The lawyer explained that scammers usually present themselves as successful investors or business owners and attract victims by promising unrealistic financial returns. After receiving the money, the scammer may initially provide regular payments to build trust, encouraging victims to increase their investments or convince relatives and friends to participate.
“Al Mostareeh” Cases Before Egyptian Courts
Ahmed Nabil confirmed that “Al Mostareeh” cases have become common in Egyptian courts, explaining that many criminal lawyers have handled cases where individuals collected large sums of money from citizens after gaining their trust. He pointed out that many victims handed over their life savings, only to lose their money later, causing serious financial damage to entire families.
Victims of Investment Fraud Come From Different Backgrounds
Ahmed Nabil emphasized that victims are not limited to a specific social or educational group. He explained that some victims were educated individuals who sold properties or their wives’ jewelry in hopes of achieving higher profits, highlighting how unrealistic promises can influence financial decisions.
Methods Used by Scammers to Attract Victims
The lawyer explained that one of the most common methods used by scammers is offering extremely high returns, sometimes claiming profits of up to 40% per month. He stressed that such returns are unrealistic and cannot be achieved through legitimate investment activities.
The Trust-Building Stage Before Taking the Money
Scammers often follow a planned approach by first collecting money from victims and then paying fake profits for a period of time to gain their confidence. After building trust, they encourage victims to invest larger amounts, and some victims may unintentionally become promoters of the scam by convincing others to join in exchange for commissions or percentages.
The Danger of Victims Becoming Middlemen for Scammers
Ahmed Nabil explained that some victims may become intermediaries for scammers, either intentionally or unintentionally, by attracting family members and friends to participate in fraudulent investments. This leads to a wider circle of victims and increases the financial losses caused by these crimes.
Legal Advice to Avoid Money Investment Fraud
Ahmed Nabil emphasized the importance of increasing public awareness about money investment fraud and avoiding promises of unrealistic profits within short periods. He stated that any unusual investment return should raise suspicion and that dealing only with licensed companies and authorized entities is the safest way to protect personal savings. FAQ
What is money investment fraud?
It is a crime where individuals collect money from citizens under the claim of investing it and generating profits, then often misuse or take the funds.
Who is “Al Mostareeh” in financial fraud cases?
“Al Mostareeh” refers to a person who collects money from citizens by promising high investment returns and later fails to return the funds or disappears with the money.
Why do people become victims of investment scams?
Many victims are influenced by greed for high profits and trust unrealistic promises without verifying the legitimacy of the investment.
How can people protect their money from scams?
People should deal only with licensed entities, verify investment opportunities carefully, and avoid offers promising unusually high returns.
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