Billion-Euro Real Estate Fraud: The Crisis of Uncontrollable Debt
12 Articles
12 Articles
This is the biggest real estate fraud case in France for decades. The Apollonia case opened on Monday in Marseille. A trial that was out of order: 15 years of investigation, more than 700 victims, 110 lawyers and a total damage estimated at nearly one billion euros. Apollonia encouraged its clients to invest in real estate under construction. In reality, the files presented to banks are falsified by Apollonia. Without knowing it, the customers f…
The Aixese company as well as notaries and lawyers appear in particular for "organized gang scams".
In the millions-causa around controversial real estate deals of the Austrian Integration Fund, the economic and corruption prosecutor's office tried to score points on Tuesday – and was partly more on the word than the interviewed witnesses.
On the second day of the Apollonia trial, a vast real estate scam, Jean Badache the founder of the company denounced the greed of investors and his salesmen. At the helm of the judicial court of Marseille, he expressed no regret.
Appolonia has been tried since Monday for organizing a real estate scam of about one billion euros, affecting more than 700 victims.
Real estate fraud of nearly one billion euros, the Apollonia case has been tried since Monday 31 March 2025 in Marseilles for more than two months, with hundreds of fuzzy victims hoping to build up...
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