TWO people were arrested for allegedly conning €200 million from an elderly Llucmajor couple. It is thought to be the biggest scam in Mallorca history.
The detainees – a woman and her 20-year-old son – are accused of deceiving the elderly couple, who have no descendants, so as to appropriate their entire estate including property and money. But the alleged scammers transferred the assets into their own names, the complainants not receiving a single euro, according to press reports.
Police have in their possession the documents showing that these sales occurred and the name on the documents correspond to the detainees. They allegedly slowly gained the confidence of the couple who suffered both physically and mentally from their advanced age, Spanish newspaper Diario de Mallorca reported.
It is believed that the detainees exploited their weakness in order to deceive them.
Investigators suspect the accused convinced the victims to carry out a series of financial transactions involving the ‘simulation’ of several sales of properties in order to avoid paying taxes.
The victims have lost all their assets, including their home, and to make matters worse have been left with a multimillion euro tax bill.
Investigations began about a month-and-a-half ago to determine the truth of the complainants claims and the arrests were made this week.
The investigating judge has issued a secrecy gag on the case.
By Nicole Hallett