For fugitives Victor and Natalia Wolf, the police poster tells the story: hundreds of victims from land fraud swindles across Florida totaling millions in losses.
But the couple’s lasting legacy may be found in their most prized possession: their home.
In their final desperate days, the Wolfs managed to get a spate of sham mortgages slapped on their North Miami Beach house — creating 21 fake transactions — to squeeze millions from lenders before vanishing.
The wheeling and dealing — phony deeds, forged signatures and a straw buyer — has left investors fighting over who owns the stately waterfront house at the center of the couple’s real-estate empire.
“It is mind boggling,” said Fort Lauderdale attorney Roman Groysman, representing a burned lender in a battle over the home. “They did everything imaginable in the realm of fraud.”
The legal drama in Miami-Dade circuit court offers a rare snapshot of one of the most egregious scams carried out on a single home in South Florida during the mortgage fraud crisis in a case that continues to confound even veteran real-estate lawyers.
In two instances, the Wolfs convinced lenders to give them loans against the home totaling $1 million — even though they didn’t own it anymore.
The case highlights the bevy of attorneys and agents who helped orchestrate the backroom deals without any resistance from regulators or law enforcement.
Two lawyers directly involved in the deals have since been criminally charged in other cases and disbarred, while a third is suspended from practice.
“A pit of vipers,” said Brian Vodicka, a retired business professor who lost $915,000 in a Wolf deal in Texas. “They created so many dummy companies, they made it impossible for law enforcement to keep up.”
Now fugitives, the Wolfs are accused of being part of an organized network of Russian nationals who carried out a string of land frauds in Florida and Texas that bilked 400 people, three banks and four other lenders of nearly $100 million.
LIONS AND STATUES
For years, the house surrounded by Roman statutes and two gilded lions served as the couple’s residence when they launched their company, Sky Development Group, pledging to grow into one of the largest development firms in Florida.
For the Wolfs, the white, columned home in the 3200 block of 167th Street was a place to entertain and recruit investors.
There were cocktail parties at the home, and movies filmed in the backyard with young women showing up to be video taped, recalled a neighbor.
“There were big movie lights set up in the back,” said William Dean, a former Miami-Dade assistant state attorney who lived two doors away. “There was a huge truck that was bringing all this movie-making equipment. I saw all these beautiful women walking to the front of the house. I can only guess what they were filming.”
But two years after they launched a national advertising campaign to recruit investors, they began to run into trouble.
Initially, major loans were overdue to private lenders, and then the couple began bouncing checks.
By the time customers discovered deeds to their lots were fabricated, the Wolfs began to convert their house into an illegal cash machine.
First, Natalia Wolf received a $2.3 million loan from a Long Island, N.Y. company — G & G Property Investments LLC — securing the money by putting a mortgage on the house as well as other commercial properties the Wolfs owned.





















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