Tag #Real Estate Crime

What specific methods did the criminal organization use to defraud homeowners of their apartments and how much profit did they generate?

A Barcelona, a group defrauded approximately 50 homeowners by illegally converting their rental apartments into touristic accommodations on Airbnb between 2017 and 2020, generating around €600,000 in profits. The perpetrators, facing charges including criminal association and fraud, used falsified documents and intimidation tactics to avoid rent payments and illegally profit from the apartments. This resulted in significant financial losses and legal battles for the affected homeowners.