Three Britons based in Jávea and Torrevieja were behind the forgery ring and analysis of the evidence seized has enabled the identification of more than 100 expats living in Spain who are suspected of possessing forged documents.
So far 50 British clients of the organisation have been tracked down and charged, mostly in Alicante Province.
Many allegedly used financial documents to obtain mortgages or loans of between 200,000 and 1.5 million euros.
These totalled over 60 million euros and affect 25 credit companies and banks.
It always amazes me that there are folks who think that certain crimes are acceptable. I dare say many of the people who used the forged documents felt they were not doing any harm so that was OK.