A
ll successful scams and cons have two things in common:
1) All scams involve a ‘hook’ designed to play on our natural greed and opportunism by asking us to do something that seems only slightly unethical (on the surface) in exchange for a huge monetary pay off. 2) All scams then count on our shame at accepting illicit terms to make sure we don’t report the crime or pursue justice.
The Spanish land investment scam run for years by Fortuna Estates has finally been busted, with the Spanish fraud squad swooping last week on several office in Mijas and Fuengirola, arresting at least 2 people, and questioning 20 others. This could be one of the biggest Spanish real estate scams to date, with hundreds, if not thousands of British and Irish victims. The Spanish authorities estimate that Fortuna Estates made at least 65 million Euros out of this fraud.
More on Fortuna Estates: Busted by Spanish Police for Land Fraud
