Emilio Cuatrecasas, founder of Cuatrecasas firm, has entered negotiations with the Spanish Prosecution Service and the Tax Office to avoid landing a lengthy prision sentence as part of a plea bargain, according to the web EconomiaDigital.
The case relates to Mr. Cuatrecasas’ tax-creative antics when trying to put personal expenditure (luxury yacht, properties, furniture etc.) as deductible corporate expenses.
Cuatrecasas currently advises tax-evading Landsbanki in Spain.
According to a cable WikiLeaks released in December 2010, Cuatrecasas defends Russian Mafia members while the district attorney’s office seeks to convict them.
Spain’s attorney general José Grinda González complained that Spain’s best lawyers represent the Mafia.
Cuatrecasas firmly denied the accusations.
In September 2012, Rafael Fontana was appointed the firm’s managing partner, assuming the executive responsibilities previously assumed by Emilio Cuatrecasas.
For more visit:- http://en.wikipedia.org/wiki/Cuatrecasas
How did innocent, elderly people seeking a peaceful retirement become snared in this scenario?
Time for many more people to face the full weight of the law.
Never mind the Russian Mafia … what elderly people should really be worried about is the “Financial Advisor Mafia” which operates all along the Spanish Mediterranean coast.
Here dozens of totally unauthorised and unqualified gangsters, posing as “advisors”, use their portfolios of “financial products” to rob elderly people. These products are nothing more than glorified Ponzi Schemes which NEVER deliver any profit (and more often ruination) to the pensioners who “invest” in them. They do however provide big profits for the gangsters.
One of the give-away signs of these “products” is that they are operate out of corrupt jurisdictions such as the Isle of Man or Luxemburg where there is no regulation of either the products or the gangsters.
Another “trick” the gangsters” use is to claim that they (and their products) are “regulated” from the UK. This is complete bxllocks as the British financial watchdog has no authority inside Spanish sovereign territory.
TO BE SAFE. Never, ever invest in any product that is registered in the Isle of Man, Luxemburg, Jersey, Gibraltar, Guernsey or similar off shore tax havens.
And never, ever invest with any person posing as a “financial advisor” to the British expat community in Spain unless you are totally satisfied that they are fully qualified, registered and regulated here in Spain. And even then be extremely cautious, thousands of pensioners have been mercilessly robbed by these people.
Well what a surprise. Can you believe he would do such a thing!!!!!!!!!!!!!!!!!!!!!! Unfortunately for most people the lawyers are more intelligent and persistent than the judges. In most cases they understand the law much better and know how to wear down the judges so they give in. At least in this case someone in the court is much more up to speed than other judges operating in Spain.
Today 30,000 leaked Swiss HSBC bank account detaillays bare the practices of the organization and its customers. The leaked files, reveal the use of Swiss bank accounts by actors, footballers, politicians, business owners and more to avoid paying tax to the relevant authorities.
“Swiss operation actively abetted clients in keeping accounts secret from tax authorities, at its height hiding $120bn in assets.” The files were originally hacked by Hervé Falciani, an IT expert working at HSBC’s Swiss bank. He fled to France though, after being detained, was not extradited back to Switzerland, because authorities were concerned that he could reveal the identities of thousands of French tax evaders.
While some authorities around the world have since received details from the leaked documents, the majority of the names have never become public—until now and news outlets are making the list of account holders from 2007 public. You can browse through a selection of the most interesting ones—from
Elle MacPherson to Flavio Briatore, Phil Collins to Christian Slater.
The big names add the colour , but the real story is about HSBC which “routinely allowed clients to withdraw bricks of cash, often in foreign currencies of little use in Switzerland”, “aggressively marketed schemes likely to enable wealthy clients to avoid European taxes,” “colluded with some clients to conceal undeclared “black” accounts from their domestic tax authorities” and “provided accounts to international criminals, corrupt businessmen and other high-risk individuals.”
HSBC is already facing criminal investigations around the world as a result of the leaks, so far in France, Belgium, the US and Argentina. And it is the same sort of crooked banks, bankers and their gangster “agents” who peddled their illegal “Equity Release” tax evasion schemes to unsuspecting pensioners living in Spain …
That the gigantic HSBC can be implicated in criminal activity involving tax evasion on an industrial scale is not surprising. It appears that nearly all banks are involved, from the world’s biggest to piddling little, two penny outfits like Surrenda-Link Ltd based in a Chester back street. And they all require accomplices, usually some half-baked scoundrels who will hawk their nauseating schemes to people ranging from rich and famous celebrities to elderly and vulnerable people.
Then they require/acquire bases on secretive, off shore tax havens where they can “work” undisturbed by the inconvenience of a “regulatory authority” …
Companies like the Isle of Man based Premier Group Ltd who knowingly involved elderly and often frail pensioners in their range of inept “Experienced Investor Only Funds” and an illegal tax evading “Equity Release” product.
Meanwhile the auditors, often one of the big four like Deloitte, know EXACTLY what is going on, but remain inaudible in their greed and complicity.
Silent and corrosive these thugs are destroying the fabric of our society
Yes, and what exactly is happening?
Nothing but a lot of talk and angry words that nobody listens to or is interested in.
Action is what we need.