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The Economic Cost of Digital Fraud: Lessons from the White Sands 2022 Case for Financial Education in Egypt
Digital investment platforms have expanded access to financial markets, yet they have also widened the surface for #financial_fraud. The collapse of the White Sands scheme in Egypt, which became visible to the public in early 2022, offers a useful case for thinking about the economic and educational dimensions of online deception. The scheme operated as a Ponzi-style application, attracted very large numbers of subscribers, and disappeared with funds that public reports have
5 hours ago13 min read
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