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willowsend
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PostSubject: Property related fraud   Tue Dec 01, 2009 1:16 am

First topic message reminder :

I have just received the following email from Henry Rowlands of Novinite
I wish you good luck on December 23rd
The article [url=http:
//www.
novinite.
com/view_news.
php?id=110314:371pwafn][You must be registered and logged in to see this link.] has had a very good reception from both readers and people in high places, and that is all I can say at present, except to wish you good luck again
Best Wishes
Henry
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PostSubject: Property related fraud   Thu Feb 18, 2010 12:58 pm

Just been reading this and I think considering it's a legal matter I think what coriolanus and ashley has said is right its not really the place to talk about matters of a legal nature when the case in question may still be open? just my opinion
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PostSubject: Property related fraud   Sun Feb 28, 2010 8:51 pm

[size=75:3j314buv]novinite 28 February 2010

British Families to Protest over Properties in Bulgaria's Bansko

UK investors are preparing to stage a rally in the Bulgarian winter resort of Bansko over alleged property fraud carried out by a local firm.

Some 70 British families have paid over GBP 6 M in total for apartments in the All-Seasons holiday complex in Bansko but have been denied access to their properties, the Mail on Sunday has reported.

The Brits plan to gather in Bansko in order to demand to be let in. They bought the apartments through a London real estate firm, Rockarch Estates.

However, Rockarch Estates claims it was cheated by a Bulgarian partner, a Bulgarian woman who is said to have transferred ownership of much of the complex to a Bulgarian firm called Zekom owned by Roman Romanov.


In July 2009, the Struma Daily based in the Southwestern Bulgarian city of Blagoevgrad, not far from Bansko, reported that the owner of Rockarch Estates, Reneta Katchashka, has filed for an investigation against her former business partner, Nadya Sabeva, who is said to have transferred the ownership of 29 apartments, a pool, a spa center, and restaurant from the All-Seasons complex by using fake documents.

Katchashka told the Struma Daily that Sabeva was her partner in the All Seasons Complex from 2004 till 2008, and that in 2008, she forged her signature and had a notary public conduct a deal transferring the ownership of the flats in question to the firm named Zekom.

She also claims that the owner of Zekom, Roman Romanov, was presented to her in 2006 by Sabeva as a general from the Bulgarian intelligence services. Subsequently, in 2008, Romanov began to pressure her to hire his firm to guard the complex in Bansko.

According to Katchashka's account in the Struma Daily, in February 2009, she and her family received death threats from Romanov.

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PostSubject: Property related fraud   Sun Feb 28, 2010 8:54 pm

[size=75:dqjjbp68]The Mail on Sunday 28 FEBRUARY 2010

By Martin Delgado

British investors who spent millions of pounds on flats in a Bulgarian ski resort have accused a local property firm of illegally taking possession of the building and denying them entry.

About 70 families paid more than £6million for the apartments two years ago but have still not yet been able to gain access.

They plan to gather in the town of Bansko next month and demand to be let in to the All-Seasons holiday complex.

Investors bought one- and two-bedroom flats off-plan through Rockarch Estates, a London agency for British buyers of Bulgarian property.

But Rockarch says it was defrauded by a Bulgarian business partner with access to its accounts.

The woman is alleged to have secretly transferred 29 of the flats, plus a restaurant, swimming pool, spa, conference hall and 30 parking spaces to a Bulgarian firm, Zekom, for a fraction of their real value.

With the ownership in doubt, no title documents could be released and the Britons were stopped from entering the flats by security guards hired by Zekom.

The firm denies any wrongdoing.

There is no police investigation in Britain, but the case has been referred to the Bulgarian courts. A judge is expected to make a ruling next week. The Britons intend to insist on a legal right of permanent access to the flats.

The protest organisers include Paul and Sharon Hassall, who paid nearly £200,000 for two flats. Mr Hassall, a financial adviser from Horsham, West Sussex, said: They were an investment and also intended as a holiday home for us and our four children. Instead we've suffered two years of financial stress and worry because of this dispute.

We have no complaint against Rockarch, which has done nothing wrong. But it's hard to make progress in a dispute in a country as corrupt as this.
Bulgaria joined the European Union in 2007 but corruption is still rife.

Bansko, 120 miles from the Bulgarian capital Sofia, is a top-class ski resort. British buyers used to flock to Bulgaria but have largely stopped since the country's property bubble burst in 2008.

Zekom is run by Roman Romanov, who claims to wield significant political and economic influence among the elite

in Bulgaria. When British investors complained about being denied entry to their apartments, Mr Romanov wrote to them: All issues are to be resolved under Bulgarian law. This means only one thing God Help You.

He also warned that unless the Britons paid for security patrols hired by his firm, guards would be withdrawn, exposing your property to the risk of looting.

In the latest twist, Zekom has allegedly tried to oust the British owners and buy the site at a knockdown price by claiming a landslide has made it dangerous.

Rockarch Estates director Renetta Katchashka said: This has been a disaster for me. Rockarch is no longer trading because I spend my whole time working on the case. Through the actions of my former business partner, Zekom has acquired assets it has not paid for.

A Zekom spokesman said the company's payment for the apartments was done in full compliance with Bulgarian law. He added: No access is denied to owners who have presented their title deeds.

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PostSubject: Property related fraud   Sun Feb 28, 2010 9:39 pm

this has happened before, i saw it on one of those undercover investigation programmes on tv. many people were locked out of their flats, its common. bulgaria does not like this type of publicity and it was sorted in the original owners favour. they need to be called into this one as the courts drag on and on.
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PostSubject: Property related fraud   Fri Mar 12, 2010 3:14 pm

Hello everybody

If any of you are in the Dobrich area between Wednesday 24th and Sunday 28th March please call in and say hello to my wife and me at Villa Lorna, but a word of warning you might get a paint brush or something similar pushed into your hands
All joking apart, it will be nice to see some/all of the people who have supported us throughout the last two years, it's been a long hard struggle but hopefully the finishing line is now very near [You must be registered and logged in to see this image.]

Mr & Mrs Willowsend
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PostSubject: Property related fraud   Fri Mar 12, 2010 6:05 pm

All the best hope it all goes well ? but somehow I don't think it will be very pleasent for you
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PostSubject: Property related fraud   Wed Mar 24, 2010 10:17 am

[size=75:2j10vgac]Daily mail 24 March 2010

Britons will stage protest in Bansko to be given access to their property

British buyers of property in Bansko but have been unable to gain access to their apartments for more than nine months will stage a protest on March 24 2010.

A group of Britons, accompanied by British media, will stage a protest outside the Four Seasons complex in Bansko, in order to "
gain access to their own building,"


The Britons purchased the property through the Rockarch Estates, a London-based real estate agency dealing in Bulgarian property.
However, Rockarch claimed it was subsequently defrauded by a Bulgarian business partner who had access to its accounts and whom it accuses of transferring part of the flats over to Bulgarian company Zekom, allegedly "
for a fraction of their real value,"


The complex was built by Four Seasons RN, with Reneta Kachushka and Nadya Subeva as partners, and consists of 107 apartments, a fitness centre, a spa and a restaurant, among others. The Britons bought 78 of the apartments, with the remaining 29 being transferred in what they said were "
shady financial transactions"
by Sudeva to Zekom,

When the construction was completed, Zekom received the keys to the complex and has since refused access to the remaining owners.
In late 2009, a group of British owners arrived in Bulgaria, together with Kachashka, to try to gain access to the complex.
Bulgarian-language media said they were refused access over alleged unsettled bills for common parts of the complex. "
I am willing to give them access to their apartments if they present us with an ownership deed, but I will not let them have keys of the entrance gate. If I give them that key, they will not let us in the hotel,"
l Tsekov, spokesperson for the Bulgarian firm said

"
These apartments were an investment and also intended as a holiday home for us and our four children. Instead, we've suffered two years of financial stress and worry because of this dispute,"
Sharon Hassall, one of the British buyers,

The title documents for the properties were not released to their owners because apparently there was no proof of ownership.
Zekom, which installed guards around the perimeter of the complex, has denied any wrongdoing.

We have no complaint against Rockarch, which has done nothing wrong. But it's hard to make progress in a dispute in a country as corrupt as this,"


The problem for the British buyers was exacerbated by the fact that Zekom was run by Roman Romanov, who, The Dialy Mail said, had "
significant political and economic influence among the elite in Bulgaria"
.

When the foreigners complained that they could not get into their own property, Romanov wrote to them: "
all issues are to be resolved under Bulgarian law. This means only one thing God help you!"


The issue was currently under trial at the court in Razlog but no ruling had been reached in the case yet,

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PostSubject: Property related fraud   Wed Mar 24, 2010 6:22 pm

[size=75:2qmyvtj5]novinite 24 March 2010

Update: Cheated Brits Storm into Bulgaria's Bansko Real Estate Complex

Seventy four British citizens stormed on Wednesday into an apartment complex in the Bulgarian ski resort of Bansko, saying this is the only way to gain access to what they say is their property.

Scores of British people have, over the past two years, paid out large sums of money - estimated in millions of pounds sterling - on family housing in the Four Seasons complex in the town.

However, they have not been able to take possession of their property, because it has been sold on to a third party.

The angry foreigners called for justice and sticking to the laws and hinted that the sham owners are enjoying protection by high-level officials.

The investors are accusing the Bulgarian real estate company "
Zekom"
and its director, Roman Romanov, of illicit dealing. They say that Romanov lied not only to them, but to the real estate agency involved in the transactions - "
Rockarch Estates"
, a London-based company.

The British contingent had bought up to 70 apartments at a "
green"
stage, paying out more that GBP 6 M between them, but they still cannot gain access to their properties.

The current problem with the Bansko complex is that the owners, who are business former associates - Nadia Sabeva and Reneta Kachashka - are entrenched in a legal battle.

Nadia Sabeva had sold 70% of the residential area to her partner Roman Romanov without notifying Kachashka, forging company documents and inserting false signatures on them on her behalf.

Both criminal and civil cases have entered Razlog Regional Court and Blagoevgrad District Court, according to Boris Borisov, a lawyer who is representing Reneta Kachashka.

She has argued that her associates Nadia Sabeva and Roman Romanov drained bank accounts large sum of money from the company by forgery of documents and her signature, in order to sell on the luxury apartments in the Four Seasons Hotel to another of their companies.

The British group have already tried mass protests to draw attention to their ongoing problems. They held a similar demonstration outside the complex at the end of February, and attracted considerable attention in the British press.

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PostSubject: Property related fraud   Wed Mar 24, 2010 9:07 pm

way to go

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PostSubject: Property related fraud   Thu Mar 25, 2010 7:04 am

good for them.
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PostSubject: Property related fraud   Thu Mar 25, 2010 10:03 am

[size=75:xm2dtpm4]novinite 25 March 2010

Bulgaria Interior Minister Takes up Case of Cheated Brits in Bansko

Top Bulgarian officials have taken up investigating the case of defrauded UK buyers after the British families protested in the mountain resort of Bansko on Wednesday.

Bulgaria's Interior Minister, Tsvetan Tsvetanov, has announced that a special investigation has already been launched, and that he has personally coordinated it with the Chief Prosecutor Boris Velchev.

The Deputy Director of the Criminal Police Directorate and the Appellate Prosecutor of Sofia, Vicho Vichev, have already left for the southwestern city of Blagoevgrad in order to meet with the Blagoevgrad District Prosecutor and police head regarding the Bansko properties of the British citizens. Tsvetanov has said that the Sofia officials might go to Bansko in person if they need to as part of their investigation.

“This case is generating tension that is unacceptable to us. We need to examine it in detail in order to bring justice and to assure the British citizens that their rights are protected, and they can occupy their property, the Interior Minister declared.

Seventy-four Brits stormed Wednesday an apartment complex in Bansko as an act of protest as they have been denied access to their properties in it.

The angry UK citizens called for justice and sticking to the laws and hinted that the sham owners are enjoying protection by high-level officials.

The investors are accusing the Bulgarian real estate company "
Zekom"
and its director, Roman Romanov, of illicit dealing. They say that Romanov lied not only to them, but to the real estate agency involved in the transactions - "
Rockarch Estates"
, a London-based company.

The Brits had bought up to 70 apartments at a "
green"
stage, paying out more that GBP 6 M between them, but they still cannot gain access to their properties.

The current problem with the Bansko complex is that the owners, who are business former associates - Nadia Sabeva and Reneta Kachashka - are entrenched in a legal battle.

Nadia Sabeva had sold 70% of the residential area to her partner Roman Romanov without notifying Kachashka, forging company documents and inserting false signatures on them on her behalf.

Kachashka has argued that her former associates Nadia Sabeva and Roman Romanov drained large sum of money from the company by forgery of documents and her signature, in order to sell on the luxury apartments in the Four Seasons Hotel to another of their companies.

The British group have already tried mass protests to draw attention to their ongoing problems. They held a similar demonstration outside the complex at the end of February, and attracted considerable attention in the British press.

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PostSubject: Property related fraud   Sat Mar 27, 2010 4:22 pm

All of this is very worrying for buyers and I don't suppose there is anyway of knowing 100% that whatever you buy will not become some part of fraud? I wouldn't like to be in any of the victims shoes over all this it seems that the Bulgarian Government do very little to try and sort this sort of thing out quickly but on the other hand their system for buying is much quicker than in the UK it seems that they are eager to sell but when things go wrong its a case of dragging it out
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PostSubject: Property related fraud   Sat Mar 27, 2010 10:37 pm

Not seen willowsend on here for a few days now I hope he's alright?
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PostSubject: Property related fraud   Sun Mar 28, 2010 2:46 pm

[size=75:1bq014rw]Daily mail 28 March 2010

Army of Skiers Break into Their Own Flats in Bulgaria Fraud Row

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[size=75:1bq014rw]Protest organisers Paul and Sharon Hassall.

A group of Britons staged a remarkable mass break-in to seize possession of a block of holiday flats in Bulgaria that they had bought and paid for.

The owners spent a total of more than £6million on 70 apartments in the mountains above the ski resort of Bansko, but claim they were defrauded.

For two years they have been denied entry to their flats after an influential local businessman took over the entire complex and refused to hand over the keys.

Last week the holidaymakers met at a hotel in Bansko to declare themselves the rightful owners, then set off for the All-Seasons complex, protected by four shaven-headed Bulgarian security men. There were cheers as two locksmiths forced open the doors.

Police watched but did not intervene and the protesters were later invited to the town hall for a meeting with the Mayor. He told them the town depended on British tourists for its prosperity and no action would be taken against them.

The development gives hope to the 4,000 other UK citizens involved in property disputes in the former Communist state.

Tearfully hugging each other as the workmen stepped aside, the 60 families who had made the trip surged into the building for a first glimpse of the flats they had never seen.

Carol Boswell, 52, an NHS project manager from Northampton, who bought a two-bedroom home for £80,000 off-plan after seeing it advertised at a property show, said: can't believe were here at last. I was afraid I was going to lose all my money.

Myra Rhodes, 64, a widow from Anglesey, North Wales, who spent £60,000 of her life savings on a one-bedroom flat for her son, said: We weren't gold diggers. This was never about making a quick buck. We just thought we could have a nice holiday home.

I'm supposed to be retired but I was so worried when it went wrong that I got myself a cleaning job.

British visitors to Bansko outnumber the local population during the winter sports season, according to officials.

Nearly 2,300 apartments there are British-owned and the town, 120 miles south of the capital Sofia, is littered with building sites as developers try to cash in on the tourist boom.

Protest organiser Paul Hassall, a financial adviser from Horsham, West Sussex, who invested nearly £200,000 in the development, told his fellow Britons: We are exercising our right of unrestricted access to the properties we own.

'As law-abid-ing, taxpaying individuals, we appeal to the Bulgarian prime minister to ensure that nothing like this is ever allowed to occur again.

Mr Hassall, who was accompanied by his wife Sharon, said: It has been a hard struggle but finally we are in. I can't wait to get my skis on.

A security company has now been hired by the British owners to thwart any attempt to bar them again.

The holidaymakers had bought their flats through Rockarch Estates, a London agency which specialises in the Bulgarian property market.

They claim a former Rockarch employee secretly transferred ownership of 29 flats at All-Seasons to Zekom, a company run by businessman Roman Romanov a transaction which left the development short of funds.

The ex-employee, who has not been prosecuted, also allegedly failed to transfer money to a Greek bank to repay a loan which the UK buyers had taken out to cover construction costs. When the bank threatened to seize the building, the owners raised more than £400,000 to repay the loan.

But when they tried to move into their flats, they were stopped by Zekom guards. A district prosecutor who ruled in the protesters favour was sacked last year but Mr Romanov is now said to be the subject of a new investigation.

Mr Romanov said neither he nor his company had done anything wrong.

Everyone should obey the law, including the British buyers. It is up to Rockarch Estates and the developers to provide them with keys, not Zekom.

Zekom owns flats in the building just like the British do, but it has no financial control over the project.

A Foreign Office spokesman said: The British ambassador has met with Bulgarian government ministers to raise the problems experienced by some British property buyers in Bulgaria.

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PostSubject: Property related fraud   Sun Mar 28, 2010 4:57 pm

Maybe someone should start a British owned security company? almost guaranteed lots of work.
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