VAZQUEZ ABOGADOS SPANISH LAWYER
Investigates possible fraud to consumers by companies like FORTUNA LAND INVESTMENT.
Sold them the perfect opportunity to be partners in major projects in rural areas of southern Spain, but ended up buying smoke. The soils where promised to lift a leisure center, cottages or wind farms existed, but were not urban and there was never any plan to develop them.
Hundreds of foreigners, most of the UK, have been victims of a global scam orchestrated through a series of companies in the property sector mounted temporarily on the Costa del Sol. The Anti-Corruption Prosecutor’s Office estimates that the network has raised at least 65 million by selling shareholdings in a number of farms located in Malaga and Granada.
The British community has been the subject of numerous real estate scams on the Costa del Sol in the last decade. In the UK there are TV shows dedicated exclusively to include cases of people affected by the desmans urbanization of the Spanish coast and also for scams related to complex or time-share vacation timeshare, a true classic of scams on the Costa del Sol.
The last case, dubbed Operation Fuentespina, is still under judicial secrecy, but those affected take months to coordinate and join forces to recover their money. One witness estimated that more than 2,000 may be affected. They are middle class, among which there are retirees and workers from Ireland, Scotland and Germany.
The Civil Guard arrested last week two people on the Costa del Sol and practiced half a dozen records. The offices from which they are offering these hypothetical investments were in Fuengirola and Mijas, but the fabric of society that drove starts and ends in tax havens such as Cyprus or the State of Delaware (United States).
The investigation sum more than a score of suspects of various nationalities. The case has led the agents to the UK, where the group of companies involved has recently moved its offices, according to its website. There have investigated nine people and the headquarters of several companies.
Still, researchers do not believe that among them are the primary responsibility of the thymus, which have been on the run and are probably creating another network in another similar company in the world.
The network caught their victims by telephone. Offered to invest in land in southern Spain and stemmed them to websites where they could get information. One of the companies offering these investments is Fortuna Land Investment. On its website explaining that focus their investments in southern Spain because it has the best climate, one of the best infrastructure networks and one of the most powerful real estate sectors in Europe. “Fortune Land knows the region, market and the economic and political context,” he said.
One of the investments was called Hunters Interests. Under the promotion, it was the third of the company’s growth Fortuna Land in Andalusia in the past 30 months. The plot was between Granada and Almeria, near the small town of Granada Gorafe, about 500 people. “It’s very close to the Alhambra, Sierra Nevada and just 15 minutes from a growing area of Almeria, where it is expected that the price of housing than the rest of Spain.” According to the publicity, the farm, about 1.1 million square meters, was full of olive trees and offering a panoramic postcard, with a valley and a ridge from which he was the small town of Gorafe.
In two years of investigation, the Anti-Corruption Prosecutor’s Office, whose delegate in Malaga is Juan Carlos Lopez Caballero, has desentrañado their ways. “Farm bought by companies domiciled in tax havens and immediately after these farms were associated with a number of companies of Spanish nationality,” explained sources of the Attorney General’s Office. The troops involved farms to Spanish companies and the valuations inflaban to multiply tenfold. Everything seems to entities that were backed by high social capital.
“Delays”
Spanish companies, with names like Oanna Spain, Finca Hunters, Fortuna Est 2000 or Fuentespina One, was associated with building projects, mainly related to leisure, and deployed throughout a campaign to publicize fairs in real estate, Internet and telephone operators.
If you have Fortuna Land Investmen legal problems please contact:
www.vazquezabogados.es SPANISH Lawyers CONSUMER rigths, Civil and Criminal. Tel: (+34) 952215859
Email contact: damian@vazquezabogados.es
Malaga Spain Vazquez Lawyers Phone (+34) 952215859
London Vazquez Lawyers (United Kingdom). Phone (+44) 2033557633 (extension: 832).
New York Manhattan (United States). Phone (+1) 6466520499 (extension: 675).
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