At Magic Towns, our mission is to simplify relocation and investment for expats and retirees in Italy. The real estate market has recently become a hotbed for property auction scams, particularly targeting unsuspecting expats. This article sheds light on a new type of fraud involving fake property auctions, to help potential expats stay vigilant. The Emergence of Fake Auction Scams Recent reports have uncovered a growing scam in expat communities on social media platforms, primarily Facebook. Scammers posing as made-up individuals, named “Lawrence Regyn” and “Margherita Lorenzi” among others, are advertising highly attractive properties at unrealistically low auction bids. These…
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