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Following our initial warning, we would like to shed light today on the modus operandi that ensued after the blatant breach of contract by Hurghada lawyer Mr. Walid Mohammed Jalal Abdelaziz Mohammed. It is a chronicle that not only testifies to a broken contract but also to a months-long campaign of delay tactics, empty promises, and increasingly absurd excuses.
We are publishing these details so that investors can recognize the pattern – a psychological war of attrition strategy designed to force the aggrieved party to give up.
The Spiral of Empty Promises
After the first installment was not paid on July 15, 2024, a grueling charade began, dragging on for weeks. Mr. Mohammed’s promises followed a clear pattern of de-escalation – from long periods to increasingly shorter ones, to create the impression of immediate action:
- The Distant Promise: Initially, we were assured that payment would be made, and we just needed to be patient. The original agreement was, after all, valid until the end of 2025.
- The Near Promise: As our pressure increased, the tactic changed. Suddenly, payment was to be made “by the end of the month”.
- The Immediate Promise: When this deadline also passed, the frequency increased. Payment would now arrive “by the end of the week”.
- The Daily Promise: Finally, at the height of the delay tactics, we were assured daily that the money would arrive “today” or “tomorrow”.
Each of these promises was broken. It was a deliberate strategy to appease us with ever-new, short-term hopes and thus deter us from taking legal action.
The Height of Absurdity: Of Closed Banks and Bitcoin Fantasies
When simple time-based promises lost their effect, Mr. Mohammed resorted to excuses that definitively cemented his incredibility:
- The “Banks-Are-Closed” Lie: At one point, he claimed he had received the money but could not transfer it because the banks were closed. This is simply an absurd and demonstrably false assertion in the age of international online banking and 24/7 availability of financial services.
- The “Bitcoin Transfer” Trick: Next, he proposed transferring the owed amount to us in Bitcoin. This suggestion, coming from a lawyer who is supposed to settle an amount contractually owed in Euros, is not only highly unprofessional but also a known maneuver to move funds untraceably and without official records. We naturally rejected this disreputable attempt.
The Unmasking: The Refusal to Accept a Simple Solution
To remove any further excuses, we made a simple and constructive proposal: he should open a Euro account in Egypt, deposit the amount there in Euros, and provide us with the account details for confirmation. This would have been simple, verifiable proof of his solvency and good faith.
This never happened.
This refusal to take the simplest and cleanest path was the final proof for us: it was never about technical problems, closed banks, or currency conversions. It was about never paying from the very beginning.
Conclusion: Those who want to pay find a way. Those who don’t want to pay find excuses.
The chronicle documented here is a clear warning sign. It shows an actor who not only breaks contracts but subsequently traps his victims in a web of lies and false hopes.
We reiterate our warning to all investors. The legal steps we have initiated in Egypt and Germany will put an end to this conduct.
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