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Agencies & People

Court seeks arrest of estate agent after buyer’s cash goes missing

British sales agent Theresa Arcari appears to be on the run after a €67,000 down payment on a property went missing.

Nigel Lewis

arcari estate agent

Courts in Lanzarote have issued a warrant for the arrest of British estate agent Theresa Arcari who is wanted for misappropriation of funds and fraud.

Arcari, who has been working in the property markets of Lanzarote and Tenerife for many years, is accused of keeping money from the sale of a property in Órzola in May 2009, reports Canarian Weekly.

After placing an advertisement on a now defunct website myplaceinlanza.com, a British citizen who wanted to buy the property contacted Arcari and made three transfers totalling 67,000 euros, granting her special power of attorney.

Arcari did not complete the sale or return the money and continued to sell properties, operating from another website, offering her services to manage the sales and getting recommendations on Facebook groups aimed at British expats. Her website claimed her agency was created by, “one of the most knowledgeable and trusted people on the island”.

 The estate agent has ignored various court summons and has not attended hearings.

 Arcari has been absent from the address she gave to the court, and on one previous occasion claimed she had Covid in order to avoid the summons. Prosecutors have repeatedly asked the court to confiscate her passport and seize her assets or impose a bond to prevent her leaving the island.

It has now requested a six-year prison sentence, a fine of 5,500 euros, and the return of more than 67,000 euros for misappropriation relating to different deals in Lanzarote and Tenerife.

The website holding page (main pic) which, internet details sh0w, existed from 2018 until Dec last year. It demonstrates her high profile on the island’s property market.

Read more about rogue agents.

May 16, 2022

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