MALAGA GAZETTE

Saturday, November 29, 2008

Scam estimated to have netted the gang more than €65 million euros


Saturday, November 29, 2008 |

Judge at Fuengirola court has indicted twenty individuals of different nationalities with conspiring to defraud around 200, mostly British, foreign property investors in a scam estimated to have netted the gang more than €65 million euros. They are accused of selling shares in fictitious construction properties on the Costa del Sol and face charges including fraud, falsifying documents, money-laundering, and tax evasion. Two of the suspects were arrested last Wednesday in a series of raids across Málaga province.


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