Financial scams in Yemen target women

In Yemen, after more than a decade of war and economic collapse, thousands of women seeking financial independence thought they’d found a way out of poverty. Online trading platforms — often promoted by friends and family — promised hefty returns of 20%, even 50% on investments. But the companies were frauds. And in a single week, one particular company vanished with $12 million from some 40,000 investors. Hashed Mozaqer and Bassem al-Nawawi talked to victims in Sanaa about how these scams spread, and how they exploit people desperate for income.