The Spanish Land Registry has confirmed that a company owned by María Angeles Muñoz and husband Lars Broberg, Crasel Panoramica S.L., took out an Equity Release mortgage loan with Nordea Bank S.A., based in Centro Plaza, Marbella.
The mortgage loan capital was €3,100,000 against a property -used as collateral- valued at over 4,5 million Euros.
We cannot confirm whether Lars or María Angeles are keen golfers, the prototypical victims of Jesper Hertz, Nordea Representation Office Manager, but what we do know is that the property was purchased in 2001, and the mortgage loan signed in 2010 (maturing in 2020).
We also know that Nordea Bank S.A. has accurately explained, in a promotional brochure no longer available online since 15 days before the interim hearing in a case against them -for misleading publicity- (although cached by Google without Nordea IT ‘expert’ expecting it), how to go about the business of cheating the Spanish Tax Office.
These are some of the conclusions that must have convinced the Mayoress to buy this product:
Today’s investor is more likely to have amassed a fortune through personal effort.
This booklet has been devised as a basic guide for this new breed of investor and in particular for investors affected by Spanish tax and inheritance legislation.
Failure to take sufficient action of Spanish Inheritance Tax (which may be as high as 34%, or even above 80% in certain situations) in the wealth-planning process, may lead to an unexpected and financially unpleasant surprise for the heirs.
Fortunately, there are ways of mitigating both the wealth tax and the inheritance tax at the same time, one of which is to take up a mortgage.
Borrowers may take up a mortgage loan either at the time of the purchase of a Spanish property or after having owned the property for some time.
Clients appreciate our Nordic values – they differentiate us from our competitors.
Our Nordic values: integrity, impartiality, honesty, directness, flexibility, commitment, treating clients as individuals, we can make the difference.
(We are informed that the Somalian Bankers’ Association has announced a job vacancy for an expert on Nordea values…Jesper can you help?!)
It is suspected that they took out the Nordea flagship ‘international wealth and tax planning’ product , the Capital Managed Plan (CPM).
The Spanish Tax Office warned against using this product to reduce Wealth Tax and more significantly, Inheritance Tax.
The question is thereby one: victims or accomplices of a tax fraud scheme?
If the former, they should report the bank to the authorities and where not, we must conclude that they are suspects of a potential tax fraud situation.
Klaus “Monster” Pedersen, the same high-flying executive who thought to be above-board to sell his Spanish tax-evading equity release products to old-age pensioners, preferably through Costa-del-Sol financial cowboys, promising them it was a miracle-product (only to later make the advice disappear from the company website), found that further humiliating his victims by extracting an apology was correct, not before taking €300,000 from them. 
