19 Million Dollar Scam in Tehran Sparks Protests19 June 2018 Iran Focus London, 19 Jun - In the Gisha area, a builder pre-sold several housing units that were under construction to several people simultaneously. After issuing a tracking code, the builder fled with over 80 billion tomans (approximately 19 million USD). On Monday, June 18th, a group of the betrayed home buyers staged a protest against the million-dollar scam of the Gisha housing construction in Tehran, Iran. A protester spoke about the details of this million-dollar fraud. “The housing maker, who at the same time has two real estate consultant offices in the Gisha area, was abusing access to the information system of the real estate sales by tampering the postal code contained in tracking code system, issued multiple letter of credits with official code tracking codes for various units and presold each unit at the same time to several individuals.” He added, “These plundered buyers trusted the letter of credits which ...
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