Gazans fleeced in investment scam

Hamas investigates scheme that cost thousands of Palestinians their life savings.

    Underground tunnels in the Gaza Strip are the only way for millions of dollars worth of essential supplies to get past Israel's siege of the coastal territory.

    But it has now emerged that at least 40,000 Gazans have lost their life savings in a scheme that promised up to 50 per cent profits in return for an investment in tunnel trading.

    Hamas, which has de facto control of Gaza, returned a fraction of the $100m that disappeared through the scheme, and has said that is investigating the fraud.

    However, with hundreds of middlemen as yet unpunished and many of them rumoured to have had links to Hamas, the duped Gazans say that more should be done.

    Al Jazeera's Zeina Awad reports from Gaza.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Why some African Americans are moving to Africa

    Escaping systemic racism: Why I quit New York for Accra

    African-Americans are returning to the lands of their ancestors as life becomes precarious and dangerous in the USA.

    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    Why Russia refuses to give refugee status to Syrians

    Why Russia refuses to give refugee status to Syrians

    Despite playing a major role in Syria's war, Moscow has granted refugee status to only one Syrian national since 2011.