A. M. 
A group of 118 families finally obtained the property deeds to the land they had paid for between 1984 and 2008 to Corporación Argoz S.A. de C.V., a company that defrauded them for decades. The delivery, carried out this tuesday by the Ministry of Housing, represents a recovery of assets equivalent to US$1.2 million.
The beneficiaries belong to 28 subdivisions located in nine departments of the country. For years, they paid for lots that were never legalized in their names, until the case was taken up by the current authorities.
Housing Minister Michelle Sol stated that the delivery gives the families what was rightfully theirs: “Today they will be truly independent, having these property deeds that, with their years of effort, they have paid for and deserve”.
The Argoz scam not only had a social impact, but also an economic one. According to government data, more than $715 million in assets have been recovered since 2019 for 71,548 families, thanks to the regulation of land subdivisions and the issuance of deeds.
The Fiscalía General de la República (FGR) reported that the judicial process against those responsible continues. In july, 16 new arrest warrants were issued for crimes such as public sector fraud and money and asset laundering. In addition, 11 individuals identified as front men who facilitated the creation of companies used to move fraudulent funds are being investigated.
The Argoz case has been one of the largest real estate frauds in the country’s history. With the recovery of assets and the legalization of deeds, thousands of families are finally able to consolidate a key economic asset: the ownership of their land.
