The real estate megaestafa, That it has just been dismantled in the city of Buenos Aires, it has already generated 200 confirmed victims, but it is estimated that the number could reach 300, since all the time the complaints are increased. In this line, the judge in charge of the National Criminal and Correctional Court No. 40, Paula Gonzálezhe dictated Preventive prison to five people of the family clan that apparently organized the maneuver.
It’s about Vito Antonio L’Abbate, Who leads the organization, their children Emanuel, Juan Ignacio and Santiago L’Abbate and his attorney Patricio Flores. All of them are accused of leading and integrating a Illicit association, which made, at least, 16 acts of scams with the sale of real estate that were marketed under the modality “well“, but they never delivered or same property was sold to 4 or 5 more people. Many of them were in areas such as Almagro, Caballito, Balvanera and Liniers.
Real estate scam: the losses were millionaire and the judge warned that it is a complex crime
The judge also made an embargo for one those involved to cover the sum of $ 905 million and ordered the iGeneral Navage of the goods of the five involved. Likewise, the prosecutor Mónica Cuñarro explained that it is a complex and not common maneuver, so it is key that the victims have all the documentation.
The latter are distressed, because many invested the savings of their whole life in a building that never gave them. “The department I bought, they sold it 4 times more,” said one of the victims. “In Acuña de Figueroa there is a building that has 48 departments, but 95 owners,” he added.
According to the investigation displayed by the Prosecutor’s Office, the accused would have organized and integrated an illicit associationeconomically complex and hierarchically organized, dedicated to carrying out millionaire scams through the real estate system. The band would have operated between 2012 and June 2024, and would have committed – at least – 16 fraudulent operations in various parts of the city of Buenos Aires.
According to the imputation, through the signing indupleck fiduciaria sa, of which four of the charged were legal representatives and the remaining, his agent already under the president of ICONS TECH SA, who administered assumptions trusts for the Construction of horizontal property properties. And, with that scheme, they offered for sale, by themselves or through real estate agents such as Century XXI, Remax, Varela and property, units under the modality of “well sale“, for which they received early payments and fees from buyers who had to allocate to the PROPERTY CONSTRUCTION.
However, when the agreed deadlines and had to deliver the units, the works had not been completed and the procedures for write the departmentswhich seriously harmed the victims, who not only suffered economic losses, but also significant moral damage.
For representatives of the Public Prosecutor’s Officethe proceeding of the accused evidenced a Business plan for generating illicit profitsusing the contributions of buyers without allocated for previously agreed purposes.
The investigation also showed that the accused not only fulfilled functions in Fiduciary Sa, but also integrated at least twenty companies in the field of the constructionwhich were constituted after the complaints of the victims. From December 2024 to the present, more than 100 cases entered the court against the same accused.
Millionaire scam: what will the prosecution of the accused be
In a note made by the Prosecutor’s Office, they explained, based on the tests collected in the investigation, that the Public Ministry asked for the processing of the people involvedwhich was received by the judge Paula Gonzálezin its resolution of April 7, who charged them “having organized and taken part in a criminal association or structure signed by the collective purpose of displaying criminal behaviors in a systematic and prolonged way in time. “
“With those presales, INDUPLACK FIDUCIARIA SA The profitability of each project was ensured, attracting buyers; who used their savings to take advantage of the payment plans in quotas that were offered to the acquisition of any of the units resulting from the concretion of these real estate projects. However, after having received enough funds to cover the cost of construction; The accused diverted the money received for their own benefit and/or third parties, harming the rights of the beneficiaries, who could never take possession or write in term the functional units they had bought, “concluded the judge.
