A Saudi man received a seven-year prison term and a fine amounting to one million riyals following his involvement in financial fraud totaling 18 million riyals. Investigations unveiled that the defendant had deceived victims into investing through a sham company, subsequently embezzling their funds. Following legal adjudication, the defendant was convicted of breaching Anti-Financial Fraud and Breach of Trust statutes. The defendant exploited a name similar to a reputable company engaged in identical operations to defraud his victims. The Public Prosecution underscored the necessity of validating optimal investment strategies and understanding the origins of such ventures prior to investment. Additionally, the authority cautioned residents about the severe penalties associated with financial fraud.