##โ Real Estate Fraud Case โHighlightsโ Vulnerabilities in Hungarian Property โคSystem
the first court hearing inโ a case involving the fraudulent seizure of a $165 million property in Gรถdรถllล took place โฃMonday, according to a reportโ by Hvg. โขthe property’s rightfulโ owner has been โattemptingโ to โreclaim it for the past two years.The fraud involved theโค creation of a forged power ofโฃ attorney,falselyโฃ attributedโค to the actual owner. This allowed theโ property to be transferred into the name ofโฃ a homelessโฃ individual, who subsequently โฃsold it to another party. The transactions were officially registered with the Land Registry.
Investigators have uncovered evidence suggesting thisโฃ is part โฃofโ a larger scheme, with perpetratorsโข allegedly acquiringโ at least 15 properties throughโค similar deceptive practices. A lawyer involved in sales contracts โคis โคamong โthose implicated.โข
A handwritingโค expert involved โคin the Gรถdรถllล case confirmed the power of attorney โคdid not bear the genuine signature of theโ propertyโค owner, but โthe initial fraudulent sale enabled theโค subsequent transfers.
This incident is notโค isolated. Similar cases of property theft have occurred across Hungary, often targeting โplots that โฃareโฃ infrequently visited orโ left unattended.โข For example, a woman in โขBudapest’s XII district recently discovered her property, valued between 300-400 million forints, had been โฃfraudulently โขtransferred to another individual, a case that is also proving lengthyโ toโค resolve legally (as reported by Telex).