Overview
- Jean and Viviane Badache received seven-year prison terms with a deferred committal order and provisional execution, the Marseille tribunal ruled.
- Judges imposed a €2.5 million fine on Jean Badache and ordered confiscations totaling about €20 million from the couple.
- The judgment concerns roughly 740–760 civil parties, with reported losses exceeding €1.2 billion tied to the Apollonia strategy.
- Prosecutors described a model that stacked mortgages on clients attracted by LMNP tax status, involving blank document bundles and debts ranging from €800,000 to €4 million as banks approved overlapping loans.
- Co-defendants were convicted on varied terms, including one year under electronic monitoring for the Badaches’ son, prison and fines for sales agents, sentences for two notaries and a lawyer, and the acquittal of a third notary.