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Rabat – The leader of the “Al Khair” group, a large pyramid scheme operating in Morocco, has been arrested and detained at the local prison in Asilah. This action follows a judicial order from the investigating judge at the Asilah court, after over 1,000 complaints were lodged against the group for fraud and deception.
The main suspect, identified as Y.A.M., has been linked to defrauding around 100 individuals, with over 1,000 complaints filed against her and her associates. Two of her partners, K.A.J. and S.B.S., among several others involved, are also in custody as part of the ongoing investigation.
The fraudulent scheme, which began in February 2022 in a WhatsApp group, lured participants through promises of high returns on initial investments. Members were required to pay a starting fee of MAD 1,800 (approximately $180), with the promise of earning up to MAD 10,000 (about $1,000) within six months.
Special “packs” offered even larger returns, with contributions of MAD 10,500 (around $1,500) purportedly yielding profits as high as MAD 300,000 ($30,000).
The group leveraged the success stories of early participants, whose exaggerated returns helped to build credibility and attract more victims. Many members were incentivized to recruit friends and family, which created a widespread network of unsuspecting investors.
Despite the group’s operations appearing legitimate, using bank transfers and cash transactions, the scheme began to be exposed in August when victims came forward with complaints after the leader and key associates vanished.
A preliminary hearing for the accused is scheduled for October 2.
