Real Estate Fraud Investigation in South Florida

Allison Tussey —  December 4, 2006 — 4 Comments

Sky Development, a South Florida real estate development company owned by Natalia Wolf and Victor Wolf is at the center of a real estate fraud investigation by the FBI, the Citrus County Sheriff’s Office and the North Miami Beach Police Department, according to media reports. Investigators believe Natalia and Victor Wolf left the United States in October, leaving behind more than 100 victims, including retirees, real estaet agents and companies, and taking more than $20 million from fraudulent transactions, according to media reports. No charges have been filed.

The allegations reported in the Orlando Sentinal include that Sky Development:

Forged deeds and sold more than $1 million worth of property it didn’t own in Citrus Springs, a development in Citrus County, Florida,

Took millions of dollars for land without turning over the property to the buyers,

Referred buyers to a fake title company managed by Natalia Wolf to close land deals, and

Took money for homes it never built or finished.

The company may alos have started projects in St. Augustine and Palm Coast, Florida and maybe Texas and Arkansas.

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Allison Tussey

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4 responses to Real Estate Fraud Investigation in South Florida

  1. does anyone know if there are any groups of individuals that are working together and pooling knowledge about Sky Development and the Wolfe’s?

    • Gary yes I am pooling knowledge of Sky Development
      I was swindled in Texas.
      Brian Vodicka 512-659-7636

  2. please send me information onthe property sky development ownedin levy county approximatelt 440 acres off of rt 40

  3. Crandell McDonald, VP/Prinicipal Broker December 22, 2006 at 9:07 am

    The company owned by Natalia Wolf and Victor Wolf is “Sky Development Group, LLC”. Please, publish their firm name correctly as it creates confusion and unwanted false identification and errornous association with legitimate real estate businesses incorporated in other states, that are named Sky Development Corporation, Sky Development Inc., Sky Development, LLC, and Sky Development Company, Inc. None of these firms are associated with these alleged criminals and many were in existence a decade before the Wolf set-up shop in Florida and Texas under the Sky Development Group, LLC, name.

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