Saturday, July 26, 2008

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Steal And Go!

A Miami development company may have defrauded individuals and companies in five or more states for more than $40 million, but the owners may not face charges. Last October, as the multiple land scams started coming to light, Sky Development’s owner, Natalia Wolf, fled to Frankfort, Germany.

The mess leaves a lot of people struggling to figure out whether or not their deeds are valid, and others trying to gain access to land they thought they had paid for. In one Florida area alone, Sky sold hundreds of lots they didn’t own and accepted down payments on houses they didn’t build.

Because Wolf’s “crime” is financial, German authorities won’t extradite Wolf to the U.S. to face prosecution.

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