the police are looking for the victims
Four people were taken into custody. They are suspected of having organized a pyramid scheme through a property management firm. The judicial police are looking for potential victims.
An extensive investigation is currently being carried out for facts qualified asOrganized gang fraud, illegal exercise of the banking profession and money laundering. A case involvinga large Toulouse property management firm with controversial practicesaccording to a press release from the public prosecutor on December 9, 2022.
The investigators of the territorial direction of the judicial police of Toulouse have updated a scam of the type “Ponzi Pyramid” of which we do not yet know all the victims. After the hearings in police custody of four peopleon November 22 and 23, a call is now launched.
Many victims
Investigations show that individuals have paid large sums to this Toulouse-based property management firm under “agreements” allegedly intended for real estate investments. These investments promised optimized returns.
“Significant sumsaccording to investigators, have been misappropriated for the benefit of the management firm’s cash flow and of various civil real estate companies (SCI) for which it is responsible in particular for the financial management“, specifies the parquet floor of Toulouse. But the amount of this embezzlement has not been communicated to us.
The individual lenders were remunerated in the form of interest which was paid to them in part thanks to the funds brought in by the new investors, feeding a pyramid scheme known as Ponzi.
The Ponzi scheme, chain, fraud or pyramid is UN fraudulent financial arrangement which consists in remunerating the investments of the customers essentially by the funds obtained by the new entrants.
Some victims have already come forward, but investigators believe there are many more.
People who have signed this type of agreement and consider themselves to be victims of the above facts are invited to send the investigators their contact details.
The Public Prosecutor, Toulouse Court of Justice
If you think you are a victim of this management firm and this type of “convention”, you can contact the investigators of the judicial police:
- By email: [email protected]
- By post: DTPJ Toulouse – DLCF – Hôtel de Police, 23 boulevard de l’Embouchure 31 066 Toulouse cedex