A judicial investigation revealed an alleged illicit association dedicated to defrauding hundreds of buyers through fictitious real estate projects. More than 200 people were affected, with losses amounting to over 20 million dollars.
The Justice system prosecuted five accused individuals, four of them members of the L'Abbate family, responsible for the firm Induplack Fiduciaria, and Patricio Gastón Flores, legal representative and president of Icons Tech S.A. Judge Paula González charged them with being part of a criminal structure that operated under the guise of real estate trusts.
A family network behind the fraud
The detainees, identified as Vito Antonio, Emanuel Andrés, Juan Ignacio, and Santiago David L'Abbate, were pointed out as the leaders of an organization that offered apartments "from the ground up," collected down payments, and never delivered the units. In many cases, the same property was sold up to four times.
According to the file, these operations began during the pandemic and continued until 2023. The maneuvers included the lack of deeds, unfinished or non-existent works, and the use of at least 20 linked companies to move funds and avoid seizures.
Fraudulent strategies with a legal facade
The company promoted its developments through its website, where it presented more than 30 projects in different areas of Buenos Aires City. They offered guaranteed profitability, payment facilities, and a track record that promised trust: "12 years and more than 800 units delivered."
The affected individuals, mostly workers, professionals, and retirees, found themselves trapped in a scheme reminiscent of pyramid schemes. Prosecutor Mónica Cuñarro stated that the accused "captured funds without Central Bank authorization and laundered assets through shell companies."
