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.
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.
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