Cancun Real Estate Agency Accused of Massive Fraud

A real estate agency in Cancun, Global Martínez, is accused of fraud. Dozens of people claim they were scammed into buying land that was already sold to multiple families. Victims are demanding a refund and have filed complaints with authorities. The company has not issued a statement yet.

Cancun Real Estate Agency Accused of Massive Fraud
A real estate company accused of selling the same land to multiple buyers.

In a dramatic turn of events that has shaken the real estate market in Cancun, around 30 individuals took to the streets in protest on Chichén Itzá Avenue, accusing local real estate agency Global Martínez of orchestrating an elaborate fraud. The agency, led by owner Armando Martínez and his son Marvin, is at the center of a scandal that reportedly affects more than 850 families who say they were swindled out of millions of pesos in a multi-family land sale scam.

The lots in question, located near the luxury Moon Palace hotel along the federal highway, were allegedly sold to multiple buyers, leaving hundreds of families without the land they thought they had legally purchased. Yadhira Martínez, one of the protestors and a victim of the alleged fraud, gave a passionate account of the ordeal, calling the situation "the most unfair thing" she has ever experienced in her 40 years of living in Cancun.