Large-scale scam: Criminal network exploits homeless people to scam businesses

In a shocking case revealed by the daily “Al Sabah”, a criminal network has been exposed, heinously exploiting homeless people to carry out its fraudulent activities. Merchants, wholesalers and even financial institutions have been victims of this major scam.

According to information provided by “Al Sabah”, this network operates by targeting vulnerable individuals living in difficult conditions. He promises them an improvement in their situation by helping them create businesses, encouraging them to follow training in commercial project management. In exchange, these individuals receive sums of money to meet their basic needs, such as housing and food.

The main targets of this network are homeless young people, to whom it offers a stable income and a temporary roof. After welcoming them for a period of up to three months, he offers to create companies in their name to manage commercial projects and service activities.

However, behind this facade of altruistic help lies devious manipulation. Criminals exploit their victims’ vulnerabilities by asking them to issue and sign blank checks, which they then use in fraudulent transactions. They enter into business transactions with wholesalers, depositing checks as collateral, then disappear once the merchandise is sold.

This scam is not limited to traders, it also affects financing companies. Scammers apply for loans to buy cars in the name of companies set up in the name of homeless people, which they then sell on the black market at half price.

The consequences of these fraudulent activities are disastrous. Victims find themselves financially trapped, with unpaid loans and suspicious business transactions. Authorities must act quickly to end these illegal practices and protect vulnerable individuals from exploitation.