Moroccan Bank Employee Sentenced to 5 Years for $850,000 Embezzlement Scheme

The accused, a young man of around 30 years old, was employed in a bank agency. Arrested six months ago for embezzlement and placed in detention at the Bourkaiz prison, he was sentenced on Thursday to 5 years in prison and to pay 8,421,000 dirhams to the bank that employed him.

The convicted person had kept two checkbooks and four checks from different bank branches issued in favor of a state institution. He had also set up bank cards in his name, linked to various accounts he had opened on cryptocurrency exchange platforms.

In addition to the banker, another defendant in the same case was sentenced to 6 months in prison, a couple to a 6-month suspended sentence, and another defendant to 4 months in prison. One of the defendants was acquitted.