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17 November 2005
AMSTERDAM — The authorities in the Netherlands are going to prosecute nine alleged members of a gang responsible for conning hundreds of Dutch homeowners.
The ‘mortgage gang’ operated from Belgium in the late 1990s and persuaded householders to invest the surplus value of their homes in fictitious schemes.
Operating under the names ‘Plentium’ en ‘Triple Plus’, the gang received about EUR 10 million, which disappeared after being spirited abroad. No information has been released by the Public Prosecutor’s Office (OM).
Newspaper ‘De Telegraaf’ reported on Thursday that almost all the suspects face charges of fraud, illegally taking money for investment and membership of a criminal organisation.
It is expected the case will come to court in Arnhem next spring.
[Copyright Expatica News + ANP 2005]
Subject: Dutch news + Belgian news