First topic message reminder :

I have just received the following email from Henry Rowlands of Novinite
I wish you good luck on December 23rd
The article [url=http:
//www.
novinite.
com/view_news.
php?id=110314:371pwafn][You must be registered and logged in to see this link.] has had a very good reception from both readers and people in high places, and that is all I can say at present, except to wish you good luck again
Best Wishes
Henry

dave b wrote:

Maybe someone should start a British owned security company? almost guaranteed lots of work.

You can say that again from what I've read here there loads of work

[size=75:2egiye56]novinite 2 April 2010

Russians Become Fraud Victims in Bulgaria Sandanski Resort

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[size=75:2egiye56]Private law enforcement officer, Alexander Tsankovski,
is in charge of selling properties in Mall Sandanski over the investor's failure to repay their mortgages.

Russian citizens have become victims of a fraud scheme with luxury apartments in Bulgaria's SPA resort Sandanski.

The news was reported by Darik radio Friday. The Russians are said to all be wealthy people, some of whom are known to have large businesses in Moscow, and one is a close friend of the Russian Ambassador to Sofia, Yuriy Isakov.

Two years ago the Russians paid EUR 50 000 each to purchase off plan apartments in the building of the new Mall Sandanski only to find out their apartments have been already mortgaged with the United Bulgarian Bank branch in the town.

One of the best known construction investors in Sandanski, Ivan Kovachev, is reportedly behind the scheme. During the sale Kovachev declared he would pay off the mortgages, but never actually did it. The Russian citizens are counting on Isakov's help to get their money back.

Kovachev mortgaged 11 apartments and other parts of the building (a night club, stores etc) and failed to make payments on the loan. The Bank listed the building for public sale for BGN 3.8 M.

Private law enforcement officer, Alexander Tsankovski, has been assigned the task to sell the mortgaged properties in order to protect the financial interest of the Bank.

Rumors that Kovachev is bankrupt are floating in Sandanski. If they prove true, the Russian investors face having to pay for the apartments one more time or loose the EUR 50 000.

Blyme this is going on a lot

Oddy

I thought this might be of interest to the forum [You must be registered and logged in to see this link.]

willowsend wrote:

I thought this might be of interest to the forum [You must be registered and logged in to see this link.]

That's a very interesting article.

willowsend wrote:

I thought this might be of interest to the forum [You must be registered and logged in to see this link.]

I've just spoken to Henry about this and he is more than happy for us to share this link on here and to discuss it either here on his Blog

Just had a look at that link Ashley it makes very good reading and its this sort of thing that will help sort out fraud hopefully

[size=85:2yosddzt]novinite 15 June 2010

Brit Tried in Majorca over Bulgarian Property Fraud

The authorities in Majorca are set to begin this week a trial against a British national charged with selling nonexistent properties in Bulgaria, the Bulgarian National Radio, BNR, reports.

Investors became suspicious when the real estate company cut all communications with them.

Paul Charleston is the leader of a croup dealing with the sale of nonexistent properties to over 35 other Brits, residing in Majorca. The fraud victims, mostly retirees, were convinced to invest their savings in a business, claiming to be the developer of 18 000 luxury apartments in Bulgaria. The glossy brochure boasted pictures of hotels, golf courses and ski tracks, but the truth was revealed when one of the investors hired a private eye to investigate the company with the name “Black Sea Investments.”

In November 2008, Paul Charleston, 45, of Leigh, was taken into custody by Majorcan police, along with another Briton – Donna Marie Messe, 38, a Spaniard and a Canadian. Detectives from the National Police Economic Crime unit carried out the operation, codenamed Operation Sofia.

The Spanish Prosecutor says the group received over EUR 7 M that evaporated through offshore companies from Bulgaria to Morocco.

The maximum verdict they face is 14 years of jail time.

Another one bites the dust

Sarah wrote:

Another one bites the dust

but still a lot to go ...eventually !

I'm afraid this is a big problem in BG and I'm sorry to say it Will be a long time before this sort of thing is eradicated for good but at least there does seem to be some progress

Its a sad fact but BGTRAVELLER is right I also believe it will be a while before we see this gone if ever ??????

I read an artical today in the Novinite paper here is the title "
Bulgarian Police Head Busted for Blackmailing"
, when you read this you can't help but think that the changes that are needed should be at the top

Its a start so lets hope they can sort this problem out but as the article says above this was the Police which I think are more corrupt than any fraudsters

Indeed, you are absolutely right, cheekychops. If you know the right person to approach, it is possible to buy the Police, Judiciary, Courts, Prosecutors Offices, Lawyers, Notaries - absolutely anyone involved in the legal system.

Regards, George.