Give information to despatch. Toulouse businessmen create a pyramid scheme: 20 million euros for an estimated loss
Rental yield guarantees have been too good to be true. For years, Jean-Claude Vergnes, a determine at Cabinet l’Immeuble, a Toulouse actual property company, has been suspected of taking advantage of creating a pyramid scheme. PJ’s finance division took him into custody on Tuesday. Three accused accomplices have been additionally heard.
To persuade HAUTE-Garonne’s greatest fortunes to make investments their financial savings in his actual property initiatives, he promised very vital returns on funding. But the home of playing cards collapsed. Jean-Claude Vergnes, one of many historic leaders of “Cabinet l’Immeuble”, a well-known Toulouse actual property company, was positioned in police custody on Tuesday. Three extra have been interrogated until yesterday afternoon. “They are suspected of the unlawful follow of the occupation of bankers and scams”, famous the general public prosecutor. The listening to was carried out by the Financial (*20*) of the Regional Directorate of Judicial Police (DTPJ).
A pyramid scheme
The investigation started in January 2020. At that point, the Judicial Police acquired an nameless report condemning the actions of some members of the Cabinet, which was positioned at Saint-Rome in Toulouse. Officers have since carried out a search. And the primary parts collected affirm their suspicions: no less than one consultant of this Haut-Garonne model financed actual property initiatives utterly illegally.
Through a number of monitoring and listening, DTPJ attracts an group. Its head, Jean-Claude Vergnes, is already embroiled in different authorized instances. This individual and his associates would create a number of civil firms (SCIs) with which they’d launch actual property initiatives.
To finance all these new homes, no financial institution is required. This businessman used to meet wealthy folks straight by phrase of mouth. And to persuade them to pay, he would assure them a return on funding, rental revenue with excessive yields, between 7 and 10%.
So far, all these funders have acquired the promised compensation. But the police realized that this cash doesn’t all the time come from actual property (!). The directors of this civil firm have been truly creating a Ponzi scheme. Each new investor makes it attainable to repay those that got here earlier than him in these actual property initiatives. More than 150 buyers shall be affected.
With the arrests this week, the empire constructed by Jean-Claude Vergnes and his associates dangers dealing with a severe setback. And final entrants can’t recuperate their preliminary share. Justice is relying on damages of greater than 20 million euros.
Earthquake within the center
“I deplore the truth that we are able to deal with a complainant as a suspect. I condemn that we complicit and embezzle the responsible,” claimed Simon Cohen, a lawyer for one in every of Jean-Claude Vergnes’ three “accomplices”. According to our information, Simon Cohen’s shopper reported Vergnes’ unlawful actions to the prosecution in early February 2020. But he now suspects himself of involvement.
The listening to of Jean-Claude Vergnes, defended by Mr. Denis Boucherinque, will deliver some solutions. This Wednesday, after this police custody, the three suspects represented by businessman and mess Simon Cohen, Thomas Herrin-Amabile and Jerome Carles have been launched, pending the requisition of the prosecution of Toulouse. This file may trigger an earthquake in the course of actual property.