All reports tagged with: "fraud"
Sascha Morris, who sold off-plan properties to Cyprus property investors, has been convicted of fraud at the Leeds Crown Court following a prosecution by the CPS Specialist Fraud Division.
The court will issue its judgement in the case against Theodoros Aristodemou, the founder of Aristo developers and former chairman of the Bank of Cyprus, and three others on July 28.
People selling property in Cyprus are being targeted by fraudsters claiming to be from a company called ‘Prime Consortium’ who are trying to obtain their bank account details in return for a 10 per cent deposit.
The trial of Aristo boss Theodoros Aristodemou and three others defendants in the suspicious land zoning case continued on Tuesday with defence lawyers quizzing municipal secretary Themis Philippides.
The Paphos District Court renewed the detention order against four of the suspects in the Aristo Developer’s fraud case yesterday after the trial judge accepted a request from the police.
One of the suspects in the Aristo fraud case has admitted forging a Land Registry document but claimed that he was under instructions by his superiors and that this was standard practice.
Cypriot property developer Kyprios Kyprianou, who was found guilty of fraud after selling the same property twice, has been jailed for two years by the presiding judge at the Famagusta District Court.
Kypros Kyprianou and his company Famagusta Developers have been found guilty of double selling a property located near the Paralimni lake following an eight months court case.
Marios Shiaeles, a lawyer who was believed to have fled Cyprus with his wife in 2006 allegedly taking with him client funds estimated to be more than three million Cyprus Pounds, has been sentenced.
Liberal Democrat MP Andrew Stunell raised the case of a constituent who had been subject to property fraud in Cyprus following the default of Alpha Bank and has asked for a meeting about the issue.