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Depositors defrauded of almost UAH 14 million: scammers selling apartments without documents exposed

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The organizers of the fraudulent scheme persuaded investors to pay share contributions to the developer's account, emphasizing the developed infrastructure that existed only on paper.

Written by UNN with reference to the Security Department of the National Police of Ukraine.

Law enforcement officers served suspicion notices to pseudo-developers from Brovary who profited from investors to the tune of over UAH 14 million. According to investigators, more than 20 people invested in a future new building in Brovary with allegedly developed infrastructure and good transportation.

The defendants convinced future apartment owners of the attractiveness of the location, emphasizing the good transport links. At the same time, the dealers traded without any permits: in total, more than 20 investors fell for the scams, who paid share contributions to the developer's account under fake contracts. The developer's company, as it turned out later, operated only on paper.

The organizer of the fraudulent scheme was a 44-year-old local resident. Together with two other accomplices, men aged 43 and 61.

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The offenders divided the money and disappeared. Law enforcement officers conducted a number of operative and investigative measures and expert examinations.

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Police investigators served the defendants, who had fled to different regions of Ukraine in an attempt to cover their tracks, with a notice of suspicion under Part 4 of Art. 190 (Fraud) of the Criminal Code of Ukraine.

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