Bahrain: 38 People Cheated Out of 1 Million BHD

According to court files, the duo began their activities in 2015 and continued for two years.
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Two brothers swindled 38 people out of one million Bahraini dinars after disguising as forex traders, the High Criminal Court heard.

The duo is said to have created a fake real estate company and cheated the victims who intended to generate money through forex trading. They reportedly collected the money from them and disappeared, although they promised the victims they would return the money.

Police found out that they didn’t have the required permissions to receive money for investment purposes and that a good number of victims are Saudi citizens.

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