"Spanish police arrested a gang of British fraudsters who allegedly used a Gibraltar bank account to help them scam E400,000 selling non-existent real estate in Turkey.
The gang operated on the Costa del Sol, as well as in Alicante and Turkey, and posed as property developers building top-end resorts in Turkey.
The scam was elaborate and the gang had prepared plans and offices in order to draw their victims in. They also worked with estate agents in the UK. “In this manner they would get their victims to pay important sums destined for the completion of the project into bank accounts in Gibraltar and Turkey,” the Policia Nacional said in a statement. The Spanish police did not identify the bank in Gibraltar and it was not clear last night whether the authorities here had been contacted for assistance with the investigation. They said the gang’s leader was arrested in Alicante but the investigation remained open and further arrests could not be ruled out. Numerous victims had been identified already – mostly foreigners living in Spain – but there may be more, the Spanish police added."
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