Advertising

Keywords: Financial Fraud


Massive Pyramid Scheme in Morocco Results in 71-Year Combined Prison Sentence

In a landmark ruling, a Moroccan court has sentenced 25 individuals to a combined 71 years in prison for orchestrating the "Al Khair Group" pyramid scheme, which defrauded investors of approximately MAD 7 billion ($700 million). Following an extensive 45-hour court session in Tangier, the......

Unraveling the Al-Khair Group Scandal: A Major Pyramid Scheme Unveiled in Morocco

In a shocking turn of events, the head of the Al-Khair Group, a prominent figure in Morocco's business landscape, has been detained on allegations of orchestrating a massive pyramid scheme that has left over 100 individuals financially devastated. This scandal has sent ripples of concern throughout......

NY State Urges Appeals Court to Uphold Donald Trump’s $500 Million Civil Fraud Judgment

New York state lawyers urged an appeals court late Wednesday to uphold Donald Trump’s nearly $500 million civil fraud judgment, arguing that there is “overwhelming evidence” supporting the judge’s finding that the former president lied for years about his wealth while building......

Societe Generale Faces €4.5 Million Fine Over Deceptive Fees

France's financial fraud watchdog has taken action against banking giant Societe Generale, imposing a €4.5 million fine for engaging in deceptive practices that resulted in customers being unfairly charged fees. The penalties stem from an extensive investigation conducted by The General Directorate......