Particle.news

Download on the App Store

Trial Begins in Marseille for €1 Billion Apollonia Real Estate Fraud Case

Fifteen defendants, including the company's founders, face charges of organized fraud, money laundering, and document falsification in a trial expected to run until June 2025.

Overview

  • The Apollonia trial opened on March 31, 2025, in Marseille, addressing allegations of a large-scale real estate fraud scheme that operated from 1997 to 2009.
  • The company and its founders are accused of defrauding 760 victims, primarily wealthy professionals, through falsified documents and aggressive sales tactics.
  • The scheme involved the sale of 5,305 properties worth €950 million, with promises of financial benefits that were never delivered.
  • Investigators seized €7.5 million and multiple luxury assets from the founders, who are accused of profiting significantly from the alleged fraud.
  • The defense disputes the charges, arguing that the actions were exaggerated commercial practices rather than deliberate fraud.

Loading Articles...

Loading Quotes...