SEVEN suspects of real estate fraud based in Marbella have been arrested by National Police Agents in Marbella, Malaga and Torrevieja.
They are accused of pretending to act as intermediaries with foreign investors interested in purchasing luxury properties in Spain. They would allegedly contact luxury property owners showing interest in buying their properties, going as far as to send an architect to survey the property.
The owner was asked to pay a commission in advance to the real estate agents, who also requested the payment in small bills.
Police Investigation ‘Aloha’ was originated when a businessman issued a report in Marbella’s National Police Station. The businessman paid a sales commission of €95,000 and he received €200,000 in fake notes.
The alleged head of the fraud operated from Alicante and the 51-year-old woman who is accused of acting as his assistant is believed to have worked from Marbella.
Two of the suspects were arrested in Malaga airport where they were about to take a flight to Naples. The suspected boss of the syndicate was arrested with his partner in Torrevieja. The other arrests were made in Marbella.