Spanish land investment scam run for years by Fortuna Estates has finally been busted, with the Spanish fraud squad swooping last week

Fortuna Estates land in Andalucia, in the middle of nowhere
Spanish land investment scam run for years by Fortuna Estates has finally been busted, with the Spanish fraud squad swooping last week on several office in Mijas and Fuengirola, arresting at least 2 people, and questioning 20 others. This could be one of the biggest Spanish property scams to date, with hundreds, if not thousands of British and Irish victims. The Spanish authorities estimate that Fortuna Estates made at least 65 million Euros out of this fraud.




Still under official secrecy orders, the police have released few details about “Operation Fuentespino”, but the Spanish press reports that there could be more than 2,000 victims, mainly middle class investors from the United Kingdom and Ireland.