Victor Wolf and Natalia Wolf have been indicted for an alleged real estate fraud scheme in Florida involving their companies Sky Group Realty LLC, Sky Development Group, LLC, Sky Construction Group LLC and All Title and Trust LLC.
According the Indictment, between September 2004, through October 2006, the defendants, through their companies, engaged in the business of buying, selling and developing properties in Citrus County, Putnam County, St. Johns Count, Jackson County and other counties throughout Florida and beyond. The charges include allegations of obtaining money and property from others by knowingly and intentionally making materially false statements, representations and promises. Specifically, the defendants created false documentation in order to sell parcels of land for real estate development and diverted the fraudulently obtained funds for personal use. The Wolfs solicited buyers and investors through advertising campaigns via radio, newspaper and Internet advertisements.
The Indictment further alleges that defendants would fail to record deeds in the buyers’ and investors’ names and would transfer deeds to others with no authorization from the lawful buyers and investors and would resell the property with no authorization from the lawful buyers and investors, among other things, so that the buyers and investors did not obtain and maintain legal title to the property that they had purchased.