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Demichelis Named in Fraud Complaint Tied to Failed Buenos Aires Housing Trust

Buyers represented by attorney Florencia Arieto accuse a developer of selling units through a trust that never delivered, placing the former River coach at the center of the filing.

Overview

  • The complaint, lodged this week, lists the developer identified in reports as Faer/Fraer/Faher Group and alleges buyers paid for apartments that were never handed over.
  • Filings and broadcast reports cite a 2017–2018 project on Álvarez Thomas around 3000 with promised delivery in 2021, which was allegedly sold in full through a trust and never built.
  • Media accounts say Demichelis joined the company as an investing partner in 2018, while the firm later lacked a physical office and its director was reported to be on the run in Paraguay.
  • Evangelina Anderson publicly denied any family involvement, asserted her family also lost money to the developer, and defended Demichelis while warning against unproven accusations.
  • The case remains under investigation with no public court rulings, and key details cited in coverage reflect allegations that have yet to be tested in court.