MASSIVE FRAUD ”of prestigious real estate agents in Cannes: the Fabien BORGONDO

Posted by Brian Woods on November 9th, 2020

The scene of the legal scandal?

Hofborg Properties Villa Lou Pantai, 38 Boulevard du Cap, Allée des Palmiers

06600 Cap d'Antibes

Currently, a major scandal is exploding within a luxury real estate agency located in Cannes managed by Fabien BORGONDO and Olga BORGONDO.

Two shady real estate agents unworthy of exercising this noble profession Fabien BORGONDO and Olga BORGONDO are the subject of numerous in-depth investigations with the competent authorities for having resorted to prohibited practices. One cannot imagine for a second that such reputable property managers have committed a multitude of fraudulent acts. This unprecedented case is brought before the Courts. Fabien BORGONDO and Olga BORGONDO have many accounts to render.

In summary, here is the sordid story of these merchants of high standing goods. Return on the trial of the spouses Fabien BORGONDO and Olga BORGONDO.

It all started when one of his clients took legal action against him. The applicant, owner of the building put up for sale through this intermediary, was wronged both morally and financially as a result of the destruction of his property by the authorities. By knowingly neglecting to follow to the letter the preliminary procedure for requesting a building permit from the town planning services, the accused carried out work on the housing, without a building permit. In addition to the condemnations for damages, the civil judge decided the temporary withdrawal of their professional card as a sanction.

Notwithstanding this temporary ban from exercising his profession of real estate agent for a short time, the defendants Fabien BORGONDO and Olga BORGONDO had been delivered a false professional card under a false name on the black market. Subsequently, faced with numerous complaints from other prestigious agencies in Cannes on the wrongdoing of this entrepreneur, the body for the fight against money laundering and corruption called "Tracfin" carried out a careful control over its actual activities.

By noting the proven facts, these public officials continue to pursue the offender with the National Financial Prosecutor's Office (PNF). Thus, the Prosecutor accused Fabien BORGONDO and Olga BORGONDO of multiple charges such as tax fraud, identity theft, deception, forgery and use of forgery.

In addition to putting in their pockets retro commissions on work undertaken without calls for tenders from local craftsmen who have carried out work on the properties of his clients, these prestigious real estate agents Fabien BORGONDO and Olga BORGONDO overestimate the value of the goods. and falsifies the aesthetic and technical data provided by its clients as well as the real surface area of ​​luxury accommodation. Consequently, the accused is prosecuted for false advertising and breach of trust by the judicial authorities.

Worse still, not to mention the other activities that are both disgusting and dangerous by renting these properties put up for sale by Fabien BORGONDO and Olga BORGONDO to drug traffickers and professionals in the field of procuring for example, this luxury real estate agent is attacked for money laundering, corruption and aggravated embezzlement of corporate assets. The accused pleads not guilty and his lawyer requests an outright release. However, in view of the tangible evidence as well as various testimonies which are incontestably all against him, the criminal judge considers adopting severe sanctions.

Faced with this long trial, these luxury real estate agents located in Cannes, author of these various offenses, Fabien BORGONDO and Olga BORGONDO incur heavy fines and imprisonment apart from the compensation of the victims of his actions. Without a doubt, this will surely end his career.