An alleged scam of unpublished proportions shakes the real estate market of Buenos Aires. More than 200 people looking for access to their own home or investing in an entrepreneurship were victims of a scheme that, under the appearance of legality, was based on fraudulent trusts, unfinished works and promises that were never fulfilled. The judicial investigation, which began in 2023, but whose plot dates back to the first months of the pandemic, already has five prosecuted defendants, four of them members of the same family.
The detainees are Vito Antonio L’Abbate, Emanuel Andrés L’Abbate, Juan Ignacio L’Abbate, Santiago David L’Abate and Patricio Gastón Flores, All linked to the firm Fiduciary indupleckto which the assembly of an illegal association is attributed to defrauding hundreds of buyers. According to the National Criminal and Correctional Judge No. 40, Paula González, the defendants are prosecuted for “receiving early payments, without completing the works or carrying out the procedures of the deeds for buyers”, mostly residents of the city of Buenos Aires.
Real Estate Megaestafa: More than 200 victims and a fraud for US $20 million
The cause is in the hands of the Prosecutor Monica Cuñarrowho confirmed that the number of complaints received exceeds 200, although It is estimated that the total victims could reach between 300 and 350 people. The modus operandi included the promotion of real estate projects under the “well” format with alleged guarantees of trajectory and delivery, while in the facts many constructions did not pass from the advertising poster.
One of the most visible complainants is the lawyer and employment specialist Juan Pablo Chiesawho reported that he acquired two monitoring and two garages Through the company. “For yearsIndupleck operated under the legal clothing of a real estate trust. He promised well departments at affordable prices, garages with insured rent, comfortable payment plans, “he explained. However, deliveries never came:” The projects were never delivered. The Scriptures did not appear. The works were unfinished, or directly were ghosts. “
On your website, Indupleck advertised 30 active projects and presented with an alleged “12 -year -old” and “more than 800 units delivered” trajectory. But several of those developments, located in addresses such as Potosí 3957, Acuña de Figueroa 333, Alberdi 5784, Av. Jujuy 431, Catamarca 544, Frigate Sarmiento 2070, Ibarrola 6517, Mexico 1640, Paysandú 1970, Av. Rivadavia 10562/7159 and San Juan 1451 They started the works.
The researchers argue that the funds raised were diverted through screen companies and simulated operations, without authorization from the Central Bank. Chiesa said fraud could have reached “More than 20 million dollars.” “They captured funds without authorization from the Central Bank, washed assets through screen companies and simulated legal operations“The lawyer detailed.
As transcended by the file, the L’Abbate not only were part of indupleckbut they were also involved in at least 20 other companies in the sector, which would have allowed them to move capitals between firms as the judicial causes advanced. “They sold the same property to multiple buyers,” and once the scam was completed, they started a new project. “This was a recontra mega scam, very close to what Leonardo Cositorto did,”compared Chiesa, referring to the Zoe Generation leader.
The group operated “as a rather sophisticated network”
Prosecutor Cuñarro remarked that the group operated as a network “quite sophisticated with hierarchical ranges“, and that the linked firms” were modified to get money from one to the other. “Even some of the accused had already been previously prosecuted for 14 similar facts, with previous embargoes for 190 million pesos.
Currently, Judge González ordered the seizure of 905 million pesosdecreed the general inhibition of goods and investigates the existence of bank accounts abroad, mainly in the United States, with the aim of guaranteeing possible economic repairs to the victims.
Social networks also became a complaint channel. There profiles such as “Scammed by indupleck” or “indupleck lies”where victims demand more controls on the real estate market and measures that protect those who trust this type of investments.
Andrea Gerezanother of the victims, he said: “I paid for six years for an apartment that was not mine. I feel cheated and deceived.” Another complainant, about a work in Acuña de Figueroa, said: “The department I bought, sold it four more. In that building there are 48 departments, but 95 owners. “
“The victims They are mostly workers, professionals, retired and even small investors. They were convinced that they were buying a piece of their future, “concluded Chiesa, who stressed that in addition to the arrests,” embargoes and effective convictions are needed. “
