Investigators believe two individuals provided false information about costs and the quality of construction as they applied for state-subsidised loans.
The prosecutor told the court that the man travelled from the UK to Finland to exact revenge after the woman said she was not interested in being in a relationship with him.
As the housing market slowed, many of the small-time investors wanted to sell off their shares — but due to sluggish real estate sales, there were not enough funds to honour the redemptions.