Since 2010, a hundred people have been denouncing a real estate developer for alleged fraud in the construction of buildings in the downtown area of the City through trusts. The maneuver would have caused a millionaire damage and for the prosecutor Juan Menucci, in charge of the investigation, the authorship is proven. That is why he requested that the case be elevated to oral trial, a measure that was appealed by the defendant’s defense.
According to judicial sources, the conduct indicated as reprehensible “consisted of creating construction trusts at cost with which they collected the money from the contributors -in some cases, canceling the total of the unit-, and then the works were not finished. They never returned what was invested and even asked for more money with the excuse of not having a way to continue the works”.
Well-known names appear among the victims, including professionals, merchants and even former soccer players.
For Menucci, the trustee “defrauded the rights and the trust placed in him by not managing the monetary funds that were contributed to the Trust according to its purpose -for example, the construction of an apartment building on 41st Street between 13th and 14th Streets-, taking them for himself and then giving them an uncertain date, which prevented progress with the work in question without ever being completed, thus depriving the beneficiaries of obtaining the fruit of the investment.”
The suspected businessman was…
