Oaxacan Man Accused of Multi-Million Peso Real Estate Fraud

Oaxaca-based Jorge Luis Echaide Amador, a 28-year-old man, is at the center of a major fraud investigation. Accusations against him include defrauding numerous real estate professionals and businesses of over 200 million pesos. The Bufete Hernández Barros law firm, known for its expertise in criminal cases, has filed a lawsuit, detailing Echaide Amador's elaborate scheme. According to Julio Antonio Hernández Barros, a lawyer at the firm, Echaide Amador falsely presented himself as an experienced corporate lawyer. "This individual created a façade of success," said Hernández Barros, "living a lavish lifestyle funded by his victims' money." The scheme involved creating fake real estate developments in Oaxaca and Baja California, selling land he didn't own, falsifying contracts, and diverting funds. The fraud was discovered when two developers found their land being sold by Echaide Amador. Hernández Barros described Echaide Amador's modus operandi as a combination of deception, breach of trust, and usurpation of functions. The firm has filed complaints with authorities and is assisting multiple victims. The case highlights the need for greater vigilance in real estate transactions and underscores the importance of thorough due diligence.