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Keywords: Fraud


Authorities arrest suspects after AFCON ticket resale scandal causes fan outrage

Moroccan judicial police have launched investigations into eight individuals suspected of illegally reselling tickets for Africa Cup of Nations (AFCON) matches taking place in Morocco. The arrests follow a surge in complaints from fans angry over soaring black market prices and widespread fraud linked......

Moroccan market authority warns of investment scams and unlicensed advice

Morocco’s Capital Market Authority (AMMC) has urged the public and investors to remain vigilant against fraudulent trading platforms and unlicensed financial advice, as cases of deceptive investment practices continue to rise. Growing risks in online investment advice In a statement issued on......

Massive customs fraud network uncovered involving shell companies

Moroccan customs authorities have uncovered a vast network of shell companies accused of orchestrating large-scale customs fraud through suspicious import operations. Regional customs control teams in Casablanca, Tangier and Agadir, acting on instructions from the central administration, launched an......

Michael Burry warns of AI stock bubble and accuses tech giants of accounting fraud

Michael Burry, the investor famed for predicting the 2008 housing crisis, has resurfaced on social media after a two-year hiatus with a stark warning: artificial intelligence (AI) stocks are in a bubble, and major tech companies are inflating earnings through questionable accounting practices. Bold......

Fuel fraud network diverted €45,000 by cloning corporate cards and selling gas at €1 per litre

A large-scale fuel fraud operation has been dismantled in France after nearly a year of illegal activity that cost companies more than €45,000. The group, led by a 50-year-old man named Radu, allegedly used “skimming” devices to copy data from professional fuel cards at service stations......

Moroccan cybercriminals exploit global retail firms in gift card scheme

A sophisticated cybercrime campaign originating in Morocco has been targeting global retail and consumer services companies, stealing and monetizing gift cards on a large scale. Dubbed “Jingle Thief,” this operation has been active since 2021, leveraging cloud-based infrastructure to execute......

Bouskoura: dismantling of a national food fraud network

Moroccan gendarmes in Bouskoura have dismantled a large criminal network involved in the falsification of expiration dates on food products. The suspects were allegedly modifying expiry labels to resell spoiled goods across the country, posing a serious threat to public health. According to local media......

South Korea admits responsibility for abusive adoptions abroad

For the first time in its history, South Korea has officially acknowledged its responsibility in the abusive international adoptions that sent tens of thousands of children abroad through fraudulent practices over several decades. President Lee Jae-myung issued a formal apology on Thursday, calling......

The downfall of Zhimin Qian, the "goddess of wealth" behind a €6 billion crypto scam

Zhimin Qian, also known by her alias Yadi Zhang, has admitted her role in one of the largest cryptocurrency frauds ever uncovered. The 47-year-old Chinese businesswoman, once nicknamed the “goddess of wealth,” pleaded guilty on September 29 before a London court to orchestrating a vast financial......