Fraudulent real estate company stole millions from unsuspecting buyers

Catherine E. Shoichet of the St. Petersburg Times reports on a bogus real estate company that defrauded unsuspecting buyers of millions. Natalia and Victor Wolf, owners of Sky Development Group, are currently under investigation for real estate fraud; no charges have been filed in the case. The Wolfs apparently fled the country in October and may have pocketed over $20 million from crooked real estate dealings. Allegations against them include taking money and providing forged deeds for property they did not actually own, and accepting money for homes never built or finished.