Costa Del Sol Property Conman Jailed

Costa Del Sol Property Conman Jailed

Costa Del Sol Property Conman Jailed – a real estate company boss has been jailed for two years for stealing a couple’s life savings

Costa Del Sol Property Conman Jailed

Jesus Ruiz Casado has been sentenced by a Malaga court to two years in jail.  He was the owner of real estate company AIFOS and has been found guilty of misappropriation of funds after a couple lost their life savings.  The pair invested their life savings into a property in Mijas, a total of €56,000.

Jesus Ruiz Casado

Jesus Ruiz Casado

Upfront Payment

The couple saw an advertisement for a development at Las Caballeriza in Mijas in November 2004.  They paid a large deposit, and the balance over twenty instalments.  When they realised that construction hasn’t even started, they contacted AIFOS to demand a refund.  The company refused, even after it came to light that they didn’t have a permit to begin building work.

 

The judge has ordered that the couple be refunded all of their lost money, and their court costs.

Published: 08.02.2017

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Costa Del Sol Property Conman Jailed

Costa Del Sol Property Conman Jailed

Costa Del Sol Property Conman Jailed

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Costa Del Sol Property Conman Jailed
Author: GlobalRadio