Hundreds of citizens across Egypt have filed official reports against the management of the FBC online profit platform, accusing it of fraud.
The victims stressed that the platform disappeared after seizing the money of tens of thousands of citizens in various governorates.
The FBC platform appeared on the scene claiming to be a profitable investment platform aiming to encourage citizens to invest their money in it through withdrawal and deposit operations, with a minimum subscription free of LE720.
FBC subscribers were given money for watching videos on YouTube, in a way to motivate them to pay more to achieve greater profit.
The platform deceived its subscribers by publishing promotional videos about a conference in Egypt, claiming that the platform was licensed and contracted with the government, and that money is paid through various electronic wallets.
Tens of thousands of citizens published complaints on Facebook and “X” (formerly Twitter) about the fraudulent investment platform.
Some users were affected by the platform defrauding them of thousands of pounds, and warned that this platform may be a continuation of previous scams such as the “PHD” platform, which scammed people in Jordan of millions of dinars.
Many victims of the FBC platform shared their huge losses, with some even stating they had deposited their “life’s savings” into it.
A large number of the victims said that they sold their properties with the aim of investing in these electronic platforms, only to discover that it was all a scam.
FBC and other similar platforms use various methods to attract investors, starting with offering attractive profits at the beginning, which makes them believe that this platform is a valuable opportunity and they subscribe to it with large sums.
