For Natalia Wolf and fugitives Victor, the police poster says that hundreds of victims of land fraud swindles around Florida beared millions of losses during the home investment. However the lasting legacy of the couple may be found in their highly attractive ownership on their home.
Over the last distressed days, the Wolfs arranged to get a increase in sham mortgages slapped around the North Miami Beach home, making 21 fake home trading in order to squeeze millions of amount from home lenders before departure.
The dealing and wheeling fake deeds, phony signatures as well as a straw purchaser has left investors struggling over the property which is owned the grand waterfront home in the heart of couple’s real-estate empire.
It seems to be amazing, added by Fort Lauderdale attorney Roman Groysman, on behalf of a victim lender in a fight over the home. Those cheaters did everything which is really imaginable fraud.
The legal procedure became just like a drama in Miami-Dade circuit court, which provides an unusual snapshot for one of the most egregious tricks, which is implemented in a single house in South Florida real estate market at the time of mortgage fraud crisis only if that goes on frequently to shock even veteran real-estate lawyers.
From these two examples, the Wolfs gave full effort to convince the lenders to provide property loans for the home calculation of $1 million amount although they didn’t become able to own those homes anymore.
The case focuses on the crowd of attorneys as well as agents who assisted to coordinate the backroom transactions without any confrontation from law enforcement or regulators.
Two of the lawyers directly took part in the transactions have been illegally charged for other cases and excluded; meanwhile the third one is suspended from profession.
Now fugitives as well as the Wolfs are blamed as being a strong part of a Russian national’s organized network of who worked out unexpectedly to create a filament of land frauds across the Florida as well as Texas real estate market that hit more 400 people, 3 banks as well as 4 other lenders of about $100 million.
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