Costa del Sol expats fear worst over missing Spanish lawyer

British expats are amongst 26 investors who fear the worst after a Spanish lawyer has disappeared along with an estimated €5 million of client’s money. The lawyer in question Jose Luis Maseda was handling transactions for the purchase of new holiday homes in the Costa del Sol.

Maseda, who speaks fluent English, is believed to have handled the money, whilst advising his clients to invest in a number of suspect apartment developers across the south of Spain.

One development that Maseda is thought to have dealt with is the controversial golf resort in Antequera, which is currently under investigation.

The lawyer’s Benalmadena based company Eurobrokers has now closed and Spanish police have confirmed that they are looking into a series of allegations, which date back more than five years.

Detective Juan Martin, who is leading the investigation, said “As the investigation goes on, more people are coming forward saying they have lost money, and Maseda´s name is mentioned.”

Related news:

Brits must pay up for ‘illegal’ holiday home

Selling owners could rent out holiday homes

Appeal set for Marbella Town Plan