Disaster

LoadingFavourite

This topic contains 13 replies, has 7 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 1 month ago.

  • Author
    Posts
  • #52403
    Profile photo of Anonymous
    Anonymous
    Participant

    I have just read Mark Stucklin’s article in the Sunday Times on Spanish property buying disasters.
    We hear of these dreadful tales at the Costa del Sol Action Group. Two current nighmares are firstly the couple who bought the house-building project, paid 240,000 euros and ended up with nothing – no title deeds and there was never any planning permission or building licence and never will be. A main road is now going through the property anyway. This was a fraudulent conspiracy between the agent in Fuengirola, the lawyer in Arroyo de la Miel and the corporate vendor.
    The other case involves buying a package of land and a building project from a Briton. Their lawyer failed to notice that the building licence had expired months before completion. It will not be renewed, so they own a worthless piece of land and are 300,000 euros out of pocket. They’ve gone back to the UK to start again.
    Nobody please post that these people were idiots who asked for it.

  • #67090
    Profile photo of Anonymous
    Anonymous
    Participant

    They certainly have my sympathy. 🙁

    Is your action group pro-active in helping people in similar circumstances or are you primarily a sounding board? I just wondered if you have any “clout” as an organization?

    Claire

  • #67104
    Profile photo of Paul
    Paul
    Participant

    I missed this article by Mark if it’s recent, is there a link to it please?

  • #67109
    Profile photo of Anonymous
    Anonymous
    Participant

    @paul wrote:


    I missed this article by Mark if it’s recent, is there a link to it please?

    http://property.timesonline.co.uk/article/0,,14052-2417894,00.html

  • #67147
    Profile photo of Anonymous
    Anonymous
    Participant

    Dear Claire,
    Check out our web site. We do have clout. We do also have good lawyers. I can rightly say that I work in conjunction with the Fraud Squad of the National Police.
    We have successful class actions in the Spanish criminal courts against unlicensed IFAs and also against perpetrators of fraudulent investment schemes.

  • #67150
    Profile photo of katy
    katy
    Spectator

    What happened to the Brits who were due in court in July? Or was it another month 😕

  • #67152
    Profile photo of Anonymous
    Anonymous
    Participant

    Why do I have to keep logging on????? 😕

    gwilymrj, It’s great to hear thet people like yourselves are doing a service to “joe public” to enable them to fight against injustice. Eventually we will win! 🙂

  • #67153
    Profile photo of Anonymous
    Anonymous
    Participant

    What Brits are you talking about Katy?

  • #67185
    Profile photo of Paul
    Paul
    Participant

    😡

    Says it all when so many purchasers as mentioned says ‘the agent was English, so we trusted them’, too many ‘dodgy’ Brits are just conning their fellow countrymen in their bold brash Estate Agencies on the Costas and other countries. It’s time the Spanish Authorities dealt with them as well as the developers and some lawyers!

  • #67187
    Profile photo of Anonymous
    Anonymous
    Participant

    In my experience its allways your own type/race etc who con you. It has nothing to do what are your origions.

    I suppose they know how you think and your strength/weaknesses and they exploit it.

  • #67196
    Profile photo of katy
    katy
    Spectator

    Sorry Claire didn’t see your question. The Brits are financial advisors who were/are offering their “services” on the coast and they (and some others) managed to “lose” some millions of euros of investors money. Many operate without licences. 👿

  • #67198
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks Katy. 🙂

  • #67200
    Profile photo of Anonymous
    Anonymous
    Participant

    Gwilymrj, is there an update on the Financial Advisers who were appearing in Court in April. Willem

  • #67260
    Profile photo of Anonymous
    Anonymous
    Participant

    In the criminal court case instigated by the Costa del Sol Action Group four IFAs from the Costas have now appeared in the criminal courts in Marbella & Benidorm to testify and be questioned. The case has been taken over by the Fiscal/Public Prosecutor. That case continues and as I understand it the miscreants condemned themselves from their own mouths even with their expensive ‘briefs’ in attendance.
    Example: Do you sell investments? Answer: No.
    Check that one out with the adverts in Sur in English & EWN. Apparently they are only giving advice. Check our web site for the Spanish law on the subject.
    We now have another case accepted by the Fiscal that has been transferred from Marbella to the Benidorm criminal court.
    It is not overstating the case to say that under the Spanish criminal code you are guilty until proven innocent. The very fact that the Fiscal has taken the case is a virtual presumption of guilt.
    If anyone doubts that it was confirmed in an article I read a year or two ago written by a retiring British consul and he should know.

You must be logged in to reply to this topic.