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Report: #813137

Complaint Review: INMUEBLES Y DESARROLLOS ARNAIZ SA de CV - la jolla California

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  • Reported By: Guy — new york New York United States of America
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  • INMUEBLES Y DESARROLLOS ARNAIZ SA de CV 7590 Fay Ave. Suite 506 la jolla, California United States of America

INMUEBLES Y DESARROLLOS ARNAIZ SA de CV ramon toledo arnaiz real estate construction and development la jolla, 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 Ramon Toledo Arnaiz. Judge Mathews found INMUEBLES Y DESARROLLOS ARNAIZ SA de CV 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 the "Madoff of Mexico" for his grand theft of his fellow countrymen and women. Criminal charges are yet to be filed in the case against  INMUEBLES Y DESARROLLOS ARNAIZ SA de CV and Ramon Toledo 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 12/23/2011 12:37 AM and is a permanent record located here: https://www.ripoffreport.com/reports/inmuebles-y-desarrollos-arnaiz-sa-de-cv/la-jolla-california-92037/inmuebles-y-desarrollos-arnaiz-sa-de-cv-ramon-toledo-arnaiz-real-estate-construction-and-d-813137. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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