Real Estate Fraud: higher penalties for most main suspects – nrc.nl Economy
The Amsterdam Court of Appeal has today received in the Ivy-real estate fraud case on appeal imposed seven years in prison on the main suspect John V. In the first instance he had four years in prison. In total, the court speaks today about twelve defendants appealed the verdict in what is seen as the biggest real estate fraud so far. Until now, most defendants received a higher sentence.
Olivier L., which according to the court together with Van V. and his now deceased uncle ‘and advisor Nico Vijsma the’ triumvirate ‘was that he led the real estate fraud, given the court imposed five years in prison. That is more than two years shall be imposed in the first instance to him by the court in Haarlem.
Scams employer
The court deems Van V. and L. guilty of money laundering, embezzlement, forgery, bribery and participation in a criminal organization. It is them “very charged” that they their employer, the Fund, have scammed with fake invoices and creating jars in order to be able to pay their contacts.
In the judgment of L., who was controller to fund, the court said:
“An employer must be able to trust that his employee, especially when a controller, paper checks for authenticity. And does not create a paper reality. The suspect that trust seriously harmed “
That many media attention -. There appeared two books, a play and a television series – a heavy burden has pulled the two men is recognized by the court, but not considered in the judgment. “This is inherent in such a case with such impact,” said the court.
Other notable statements
Cees H. , who as CEO Bouwfonds Jan V. in 1995 was won, did not impose more punishment. The court finds that it is again no evidence that H. was a member of the two criminal organizations where Jan V. head was. He was in the first instance to 240 hours community service for complicity in money laundering and forgery. That punishment had already become final. The prosecution had three years in jail.
Notary Jan Karel K. , which earlier because of his role in the fraud has been put out of office, the court has received a prison sentence of 4 years. That is higher than had previously been imposed by the court (5 months) and higher than the OM was required (1 year and 9 months).
K. convicted of money laundering, bribery, forgery and participation in a criminal organization. The court considered it proven that he has behaved with its third-party account as ‘banker’ by Jan V. by allowing all sorts of questionable transactions and as money laundering. He received a million fee via false invoices. The court expects his abuse as a notary High.
“Reliability should be a high priority with a notary.”
Former property director at Philips Pensioenfonds Will F. gets 5 years in prison, while four more years in prison was imposed by the court in Haarlem. He is guilty of money laundering, fraud and bribery, according to the court. The court expects him that he does not see “that what he did was not allowed.” As with Van and L. V. and is additionally charged him that he has the confidence of his employer ashamed. F’s
successor in the pension fund,
Rob L , also get a higher sentence:… Two years instead of one year in prison
Jack Del C the ‘errand boy’ by Jan V. gets the court two years (as in the first instance). He had, according to the court a central facilitating role in the fraud. He stood among others guilty of participating in a criminal organization in the project Euro Center at the Amsterdam Zuidas, money laundering, forgery and bribery. Del C. had asked for his health to a community service, but that was according to the court was a bad social character given the seriousness of the issues.
Overview
The court began at 09:00 hour pronouncing judgments. The last suspect is from 13:00 to hear the verdict. She and the OM can still appealed to the Supreme Court
An overview ( is increasingly complemented ).
Name: | Criminal Court: | sentencing TO: | Criminal Court: |
Jan V | 4 years. | 7 years and immediate arrest | 7 years, no immediate arrest ↑ |
Olivier L. | 3 years | 5 years | 5 years ↑ |
Cees H. | 240 hours of community service | 3 years | 240 hours of community service – |
Diederik S | 2 years | 2. , 5 years | 1.5 years ↓ |
Dennis L. | 3 years | 4 years | 3 years – |
Jan Karel K | 5 months | 1 year and 9 months <. / td> | 4 years ↑ |
Will F. | 4 years | 5 years immediate arrest | 5 years, no immediate arrest ↑ |
Rob L. | 1 year | 3 year | 2 years ↑ |
Jack Del C. | 2 years | 1 year and 8 months | 2 years – |
Hans T | 2.5 years | 3 years. | 3 years in prison ↑ |
Jimmy K. | 200 hours of community service | 240 hours community service | 1 year and 4 months ↑ |
Eric F. | 2.5 years | 4 year | 1.5 years ↓ |
Ivy
The extensive fraud that prosecutors codenamed “Ivy ‘received about massive fraud with investment of Fund (now Rabo Real Estate) and the Philips Pension Fund between 1995 and 2006. Through a large network of real estate developers and real estate brokers, accountants, notaries and realtors know the fraudsters to siphon off millions. The damage to the pension fund and the real estate would have been between 200 and 250 million euros. Of this, 141 million euros retrieved
Read NRC Q:.. Ivy Case in three numbers, three letters and one building
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- Ivy-property fraud

