Fraud

Articles

• Interpol-Wanted Spanish Fugitive Arrested in Morocco for Financial Crimes
  13 November 2019, by Kamal

  A Spanish national who was the subject of an international arrest warrant issued against him by the Spanish authorities, was arrested on Tuesday, November 12 by the prefectural judicial police service in Rabat.
  According to the red notice issued by Interpol, the 47-year-old individual, with a criminal record, is being prosecuted in a case related to financial crimes, in particular, embezzlement, fraud and fraud.
  According to a statement from the General Directorate of National Security, (…)

• Former Moroccan Bank Director Arrested for $200,000 Embezzlement Scheme
  18 November 2019, by Bladi.net

  The former director of a bank agency in Bouznika was arrested by the judicial police of Casablanca-Anfa for embezzlement.
  According to the daily Assabah, the accused "embezzled two million dirhams, by accessing customers’ accounts to carry out transfer, transfer and check cashing operations without their knowledge. In addition, he issued rubber checks and resorted to forgery and use of forgery."
  Still according to the newspaper, the now former director must also answer a charge of (…)

• Interpol Fugitive from Senegal Arrested at Casablanca Airport on Fraud Charges
  19 November 2019, by Bladi.net

  A 33-year-old Senegalese national was arrested on Sunday evening by the national security elements of Mohammed V International Airport in Casablanca. The man was the subject of an international arrest warrant issued by the Mauritanian judicial authorities.
  According to a statement from the General Directorate of National Security (DGSN), this Senegalese national, who was coming from Italy, was apprehended upon his arrival at Mohammed V International Airport.
  His arrest came after the (…)

• CEO of Moroccan Real Estate Firm Arrested for Massive Fraud Scheme
  24 November 2019, by Sylvanus

  As he was about to leave the national territory, Mohamed El Ouardi was arrested and then placed in police custody at the central police station in Casablanca. It was these some 200 real estate buyers he had defrauded who facilitated his arrest.
  The some 200 buyers in fact surrounded Mohamed El Ouardi, before calling the police who proceeded to his arrest, reports MFM Radio. They claimed to have been defrauded by the president of the Bab Darna Immobilier group.
  He is also accused of (…)

• Moroccan Teacher Sentenced to One Year for Bigamy, Court Reduces Initial Penalty
  25 November 2019, by Sylvanus

  The two-year sentence handed down against a teacher married to two men by the Court of First Instance of [Meknès] was commuted to one year on appeal.
  If the teacher’s prison sentence was reduced on appeal to one year of imprisonment, it is because the judges removed two charges against her, in particular that of breach of trust and fraud, reports the newspaper Akhbar Al Yaoum.
  This was also possible thanks to the presentation of elements showing that it was her first husband who had (…)

• FBI: ’Queen of Digital Currency’ Scams Moroccan Investors in $5 Billion Crypto Scheme
  29 November 2019, by Kamal

  By succumbing to the sirens of illegal online brokerage sites, many people, including Moroccans, have fallen into the trap of fake traders who promise the moon. According to the Federal Bureau of Investigations (FBI), a Bulgarian national has amassed nearly $5 billion before disappearing in 2017.
  Hundreds of thousands of Moroccans continue to succumb to the temptation of bitcoin. Among them, about a hundred have been victims of a fake Bulgarian trader, called the "queen of digital (…)

• Moroccan Real Estate Scam: 800 Buyers Defrauded in Bab Darna Case
  27 November 2019, by Sylvanus

  After being held in pre-trial detention, the president of the real estate company Bab Darna will be transferred to the Oukacha prison. Mohamed Wardi is accused of having defrauded 800 real estate buyers.
  The Bab Darna real estate company had ordered the broadcast of an advertisement on national television channels and social networks to attract potential real estate buyers. In this sense, it has highlighted real estate projects in the most prestigious neighborhoods of the cities of (…)

• Casablanca Notary Sentenced to 3 Years for Fraud and Breach of Trust
  1 December 2019, by Bladi.net

  A notary was sentenced by the Casablanca Court of Appeal to three years in prison, for breach of trust and fraud. In addition to this case, she is also being prosecuted in another case related to the spoliation of a real estate property. In total, this notary is ordered to pay 1,500,000 dirhams in damages to her victims.
  In the face of such a scandal, the National Council of the Order of Notaries has joined the civil party in this trial after having dismissed the accused during a (…)

• Moroccan Real Estate Scam Victims Protest $40 Million Fraud by Bab Darna Group
  1 December 2019, by Sylvanus

  In unison, the dispossessed denounced the vast fraud of which they were victims in front of the headquarters of the Bab Darna real estate group, reports Barlamane. They are a total of 800 people from whom the company had extorted an amount of 400 million dirhams, without them obtaining the title deed.
  According to the "collective of defrauded clients", this figure could go beyond 800 people as 855 complaints have already been filed. Similarly, the same source indicates that the company’s (…)

• Moroccan Real Estate Scandal: Bab Darna Group Accused of $40 Million Fraud
  2 December 2019, by Ginette

  The Bab Darna group is at the heart of a major real estate scam. There are already 855 victims nationwide for an amount of more than 400 million dirhams.
  The amount, according to Hespress, could evolve and exceed 500 million dirhams. The Moroccans residing abroad (MREs), victims of this vast scam, are rushing to the doors of Moroccan embassies and consulates in Europe and the United States to register. Among the plaintiffs are also senior civil servants, private companies as well as (…)