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

    Double standards: 'Why aren't we all with Somalia?'

    Double standards: 'Why aren't we all with Somalia?'

    More than 300 people died in Somalia but some are asking why there was less news coverage and sympathy on social media.

    The life and death of Salman Rushdie, gentleman author

    The life and death of Salman Rushdie, gentleman author

    The man we call 'Salman Rushdie' today is not the brilliant author of the Satanic Verses, but a Picassoesque imposter.

    The Beirut Spy: Shula Cohen

    The Beirut Spy: Shula Cohen

    The story of Shula Cohen, aka The Pearl, who spied for the Israelis in Lebanon for 14 years.