Saturday, August 19, 2017

Yekaterinburg city administration builds facility to assist defrauded investors

The Administration of Yekaterinburg announced recently that it has opened a facility to deal with area investors who have been defrauded.

The facility, which was nearly three years in the making, will oversee municipal services for those who have been victims of real estate fraud and other scams. Since its establishment, the facility has provided housing services for more than 1,000 defrauded investors, Ekburg.ru reports.

More than 20 Yekaterinburg city investors have recently fallen victim to fraud artists who have offered to buy an apartment property at half the price of the market value. Yekaterinburg area law enforcement are currently investigating the case.