Today, Monday March 10th, a couple of businessmen are on trial in the Second Section of the Alicante Provincial Court for allegedly committing a number of scams involving hundreds of thousands of euros through fictitious real estate investments.
The two owners of an investment-focused company, a man and a woman, are accused of defrauding two people in two different transactions, and the prosecution is asking for a six-year prison sentence for the ongoing crime of fraud.
According to the prosecution’s brief, in January 2017, they persuaded a man who had been the accused’s boyhood friend to invest about 300,000 pounds in their business in exchange for a house in Pego that the business would purchase for him.
The prosecution claims that the victim never received the money back and that the business did not make the purchase. Additionally, they persuaded her company’s administrative assistant to lend them 70,000 euros in May of that year, which the business would repay with interest after a year. She therefore insists that they told her in September that she was fired because the business was closing. The victim never got her money back.
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