Público•1 month ago•

Multi-Million Euro Real Estate Scam in Algarve Involves Estate Agent and Four Lawyers - Publico

Crime

scam

realestate

algarve

fraud

crime

0 Comments Full Story

Share this content:

Summary:

Real estate scam in Algarve involved an estate agent and four lawyers
Scam operated through false purchase and sale contracts
Over thirty victims deceived in the Barlavento Algarvio region
Estate agent had dual Portuguese and German nationality
All five suspects detained and to appear before a judge

A real estate scam worth millions in the Algarve has been uncovered, involving an estate agent with dual Portuguese and German nationality and four lawyers. The scam, which operated through "formally valid but false" purchase and sale contracts, deceived over thirty individuals. The estate agent was active since mid-2022 in the Barlavento Algarvio region, covering the municipalities of Portimão, Lagos, and Lagoa. The involvement of four lawyers lent the illegal operations an "appearance of legality". All five individuals have been detained and are set to appear before a judge.

Multi-Million Euro Real Estate Scam in Algarve Involves Estate Agent and Four Lawyers - Publico

Summary:

Real estate scam in Algarve involved an estate agent and four lawyers

Scam operated through false purchase and sale contracts

Over thirty victims deceived in the Barlavento Algarvio region

Estate agent had dual Portuguese and German nationality

All five suspects detained and to appear before a judge

Comments

Join Our Community

PortugalToday.news

Other Latest News

Mafalda Castro Shares Heartwarming Family Vacation Photos in Algarve

Lisbon Rally Demands Portugal Recognize Palestinian State Amid Rising Tensions

Isabel Moreira Declares Removing Portuguese Nationality "Absolutely Unconstitutional"

Algarve's Most Exclusive Penthouse: A Night in Luxury for Over €7,000

Constitutional Court Previously Deemed Loss of Nationality for Criminal Acts Unconstitutional

Massive Blackout in Spain and Portugal: The Shocking Truth Behind the Voltage Surge

Lisbon's Broadway Festival Returns with Star-Studded Lineup

Police Officer Stabbed in Prior Velho by Three Suspects - Shocking Attack Details

Massive Power Cut in Spain and Portugal: The Shocking Cause Revealed

Neo-Nazi Group's Shocking Arsenal and Telegram Chats to Invade Parliament Revealed

Lisbon Traffic and Parking Restrictions During Kalorama Festival - What You Need to Know

Six Neo-Nazis Arrested in Portugal, Including PSP Chief: 3D-Printed Weapons Seized in Unprecedented Case

Algarve Social Democrats Launch Survey on Work Conditions in Municipalities and Regional Services

Portugal Tightens Immigration Rules But Keeps Family Reunification - What You Need to Know

Portugal to Boost Police Force by 1500 and Propose Nationality Law Revision

Algarve on High Alert: Four Municipalities at Maximum Wildfire Risk

PSP Launches Major Raids Across Lisbon and Beyond in Crackdown on Violent Crimes

Portugal Braces for Extreme Fire Risk as Temperatures Soar Above 40°C

Lisbon Assesses Seismic Vulnerability of 1,593 Municipal Buildings

Lisbon Approves New Private Student Residence Project on 5 de Outubro Avenue

Shocking Pedestrian Accident in Lagos Leaves English Couple Severely Injured

Algarve Stadium to Host Thrilling Super Cup Clash Between Sporting and Benfica