• Report: #938191

Complaint Review: Elsa Arnaiz

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  • Submitted: Fri, September 07, 2012
  • Updated: Fri, September 07, 2012

  • Reported By: elsa_arnaiz — los angeles California United States of America
Elsa Arnaiz
1039 Coast Blvd San Diego, California United States of America

Elsa Arnaiz Elsa Toledo Arnaiz INMUEBLES Y DESARROLLOS ARNAIZ SA BUILDINGS AND DEVELOPMENTS SA ARNAIZ de CV San Diego, California

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The federal court determined that since 1998 INMUEBLES Y DESARROLLOS
ARNAIZ SA de CV defrauded multiple real estate investors across the country and in Mexico.

As of 2011, nearly two dozen individuals have volunteered to become a part of the class action to take back the ill
gotten gains acquired by Elsa Arnaiz.

Judge Mathews found INMUEBLES Y DESARROLLOS ARNAIZ SA de CV BUILDINGS AND DEVELOPMENTS SA ARNAIZ guilty of fraud, constructive fraud, mail fraud and wire fraud. The class action lawsuit includes members from all walks of life and from across the country, most notably a vast majority are of Hispanic descent.

One plaintiff has dubbed Ramon Toledo Arnaiz and mother Elsa Arnaiz the "Madoffs of Mexico" for the grand theft of her fellow countrymen and women. [continued below]....
..... Criminal charges are yet to be filed in the case against  INMUEBLES Y DESARROLLOS ARNAIZ SA de CV and Elsa Arnaiz, but under California law the maximum prison sentence could be twenty to thirty years for swindling real estate investors. As of this writing estimates of losses near twenty to thirty million dollars over the course of a decade.

This report was posted on Ripoff Report on 09/07/2012 05:43 PM and is a permanent record located here: http://www.ripoffreport.com/r/Elsa-Arnaiz/San-Diego-California-/Elsa-Arnaiz-Elsa-Toledo-Arnaiz-INMUEBLES-Y-DESARROLLOS-ARNAIZ-SA-BUILDINGS-AND-DEVELOPME-938191. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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