CYPRUS: Property scammer gets 5 years in jail

The District Court of Famagusta sentenced Kypros Kyprianou, 55, to five years in jail on Wednesday, after he was found guilty of forgery and theft from representation.

Kyprianou and his property company Famagusta Developers Ltd. have also been fined 6,000 euros.
He was found guilty after facing 30 charges that included fraudulent transactions, forgery, circulation of forged documents and theft by representation between 2006 and 2009 in the case of the sale of apartments in the Paralimni area.
The accused also faces outstanding charges pending a ruling by the Famagusta court following complaints filed by individuals who claimed their were scammed, charges of forgery and not complying with the contract of sale and the transfer of apartments and houses to Cypriot and foreign buyers.
Kyprianou had been already been sentenced to two years in jail in March this year having been found guilty of selling the same maisonette near Paralimni Lake to different buyers within a few days in November 2006.