Man with beard tricks developers
A group of real estate investors in Casablanca fell into a trap set by a wealthy man who exploited the downturn in the real estate market. He offered them loans ranging from 50 million to 200 million dirhams with high interest rates, supposedly to help them overcome their financial crises. After repaying the debt and interest, they received checks from the wealthy man, but he exploited them and they faced new crises, highlighting the risks of dealing with untrustworthy businessmen in the real estate market.
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