Overview
- Carlos García Roldán, deemed the mastermind of the Lujo Casa scheme, was sentenced by the Palma court to 14 years and 9 months, while associate Michele Pilato received 9 years.
- The court ruled the operation a premeditated real-estate macro-fraud that took more than €3.3 million from over 230 buyers through about thirty off‑plan promotions that were never executed.
- Judges found Lujo Casa often lacked land title and building licences and failed to safeguard deposits in escrow or with bank guarantees as required for off‑plan sales.
- Investigators documented large cash withdrawals and personal spending, including over €311,000 in card charges and casino activity indicating losses of about €142,500.
- The judgment orders more than €2 million in compensation to victims, three defendants were acquitted, and the sentence is appealable as civil and insolvency proceedings continue.