Do not pass go, do not collect 200€, go directly to Jail!
A lawyer from Gran Canaria, Juan Arencibia Rodriguez, has been sentenced to four years jail and fined 1.7 million Euros, in the Criminal Court Number 6 of Las Palmas, the presiding judge was Judge Ivana Aisa Muiños. He has also been ordered to compensate the Tax Agency 865,000€.
The case centers round tax fraud, and the non declaration of earnings which were paid into a Swiss bank account. The case came to light after his name appeared on a list of tax fraudsters which was delivered to the Spanish Treasury by Hervé Falciani who was the operator of the Swiss branch in Geneva of HSBC Private Bank Suisse.
Arencibia is a well known lawyer and tax advisor, he is a former director of the auditing firm Ernst & Young and is a current partner of the law firm Aramburu & Montero. He is also the former a board member of Anfi for the Lyng family.
Another aspect is he is also head of the law firm which handles all of Silverpoints legal matters, including the ongoing legal cases regarding timeshare.
So it does make you wonder now, how Silverpoint has got away with the sale of “investment packs” for so long, as well as all the other infringements could it be that this lawyer massaged the evidence for them?
It also leaves many other unanswered questions such as how much of the “new” rebranding and splitting up into various companies is down to his advice?
At Inside Timeshare nothing now ever surprises us in that murky world called timeshare.
Follow the links below to see 2 of the article is prominent Spanish press:
If you require any information about this or any other article published or just want to know the validity of any company regarding timeshare, contact Inside Timeshare and we will point you in the right direction.
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