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.