Apr 2, 11:09 AM

Trial of Apollonia Real Estate Fraud Exposes €1 Billion Scam Involving 5,200 Properties, 15 Defendants, and 762 Civil Parties

The trial concerning the Apollonia real estate fraud has commenced in Marseille, involving an estimated fraud amount of over 1 billion euros. This case, which has been under investigation for 15 years, encompasses 110 volumes of evidence and includes 15 defendants, 762 civil parties, and 110 lawyers. Apollonia is accused of pre-selling 5,200 properties, promising high returns and tax advantages, while the investments were largely overvalued. Jean Badache is suspected of orchestrating the fraudulent scheme. Additionally, businessman Michel Ohayon has been placed in police custody on suspicions of misappropriation of social assets, amid reports of his business empire facing severe financial difficulties.

#Apollonia #Marseille #Jean Badache #Michel Ohayon

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