Palma de Mallorca State Court handed down the sentence Three and a half years in prison for a great crime for the false princess of Hohenlohe fraud almost nine million euro pyramid. Defendant Beatriz Delgado lured investors with the promise of generating huge interestYes He was not in a position to produce. The sentence declares him the author of the book a crime of fraud sustained by mitigation of excessive delays, but absolves him of the crimes of falsification of documents, misappropriation, punishable bankruptcy and unfair administration. The judicial process was as follows A lawsuit was filed against his wife, who was also sued for health reasons..
The court thinks this has been proven Delgado hired dozens of people between 2009 and 2012. victims with two methods. The most common was to offer very high interest rates in financial operations these were not actually realized. The woman “created”pyramid fraud structure”, Oldest customers are paid with contributions from new ones. In other cases he brokered loans between individuals. The woman used it, as detailed in the sentence. claim to aristocratic status “Creating the appearance of solvency, seriousness and professionalism, consisting in demonstrating that one has relationships of the highest level and has received extensive training.” His lifestyle, which included luxury homes and vehicles, a chauffeur and a bodyguard, “created confidence in investors and customers.”
Actually, The companies the fake princess worked with – European Investment and Balearic Island Investment – were purely for show.. They did not have qualified employees and structures to make the promised investments. Companies They came to accumulate debt Tax Administration almost 500,000 euros and their only assets were seized or seized on high charges, resulting in It is impossible to confront legal demands.
Thus, Delgado captured a large portion of the investors’ funds, which gave him ““living a luxurious and ostentatious life”and caused serious harm to the victims. The most affected were the owners of a restaurant in Palma, who asked the defendants for a loan of 600,000 euros to obtain liquidity and use their commercial properties and their own homes as collateral. Delgado hid some of the money, and the lender sought judicial foreclosure of the mortgage, so the victims lost all their property.
The decision stipulates that the defendants will be paid 6.3 million in compensation for these two women and 2.4 million in compensation for the other 21 people who were harmed by the fraud.