Al-Marsad Newspaper: An official source in the Public Prosecution stated that the investigations of the Money Prosecution have ended, and that four persons (citizens, residents and residents of Arab nationality) have been charged with the crime of financial fraud by establishing a fictitious endowment in one of the regions of the Kingdom.
The investigation procedures revealed that the perpetrators formed an organized criminal gang to seize the money of others through this alleged fictitious endowment, by marketing the financial participation in this through media publications on social media, and collecting clothes and in-kind donations under the pretext of benefiting those in need, reselling them and seizing worth.
The investigation procedures also revealed that the perpetrators abused persuading the donors to enable them to obtain their real estate assets and register them in the names of fictitious citizens, with the intention of exploiting them and seizing their resources, according to endowment formulas that would grant them that. Fraud, and referring them to the competent court to claim the penalties stipulated in the Anti-Financial Fraud and breach of trust system.
The source stressed the penal protection of endowment assets, charitable works, and financial resources for non-profit activities, and that harming them or exploiting the community’s passion and love to do charitable causes to unjustly seize their money is one of the major crimes that require arrest and strict criminal accountability.
