Billion-Euro Real Estate Fraud: The Crisis of Uncontrollable Debt

The Aixese company as well as notaries and lawyers appear in particular for "organized gang scams".

In the millions-causa around controversial real estate deals of the Austrian Integration Fund, the economic and corruption prosecutor's office tried to score points on Tuesday – and was partly more on the word than the interviewed witnesses.

On the second day of the Apollonia trial, a vast real estate scam, Jean Badache the founder of the company denounced the greed of investors and his salesmen. At the helm of the judicial court of Marseille, he expressed no regret.

Appolonia has been tried since Monday for organizing a real estate scam of about one billion euros, affecting more than 700 victims.

Real estate fraud of nearly one billion euros, the Apollonia case has been tried since Monday 31 March 2025 in Marseilles for more than two months, with hundreds of fuzzy victims hoping to build up...

Denise Robles Bonade and her partner, Rubén Martín, were this Monday face to face with the judge, after being denounced days ago for swindling at least 40 people through the commercialization of real estate. On Monday, both businessmen, sister-in-law and brother of a Sanjuanina prosecutor, respectively, appeared before the Justice at a formalization hearing where the serious accusations they face were made known. At the hearing, the Prosecutor's…