Justice investigates entrepreneur Carlos de Ory for fraud for his ‘ecological villas’ in Indonesia

A judge in Bilbao is investigating entrepreneur Carlos de Ory for fraud, misappropriation, and false advertising. Ory, a young entrepreneur praised by the media for his business initiatives and for being part of Forbes’ list of the most creative individuals in the business world, is under scrutiny. The investigation revolves around the Eco Beach City project, advertised as ‘the world’s first ecological city,’ located on a paradise island in Indonesia. The businessman promised affordable housing on the island that would generate up to 25% annual return on investment.