Financial Advisor on Trial for Alleged Tax Fraud and Money Laundering Scheme

On Monday, May 19, a financial advisor will stand trial at the Provincial Court of Alicante, accused of allegedly creating a network of companies, both in Spain and in tax havens, to issue false invoices for third parties, fail to declare income from his entities' bank accounts, and launder money.

The prosecution is provisionally seeking a prison sentence of seven and a half years for two counts of tax evasion and one of money laundering. Additionally, they estimate the tax deficit at 155,609 euros for 2012 and 210,675 euros for 2015.

The Public Prosecutor also accuses six other individuals of money laundering for allegedly acting in collusion with the main defendant. A three-year prison sentence is requested for each of the accused.

The trial is scheduled to begin at 10 a.m. in the Third Section of the Provincial Court of Alicante and will continue on May 20, 21, 22, and 23.

In another trial taking place this Monday at the Alicante court, two men are accused of captaining a dinghy with 15 people on board, including a minor, which departed from Algeria on August 17, 2024, bound for Moraira.

The prosecution reports that passengers paid 1,400 euros for the journey, which was made in a five-meter and thirty-centimeter long boat, lacking safety or rescue equipment, surrounded by fuel drums, and without shelter from the sun, wind, or rain.

The occupants of the boat, which arrived on August 18 at a beach in Moraira, reportedly had to bail out water with bottles. The Public Prosecutor is seeking a six-year prison sentence for each of the defendants for facilitating illegal immigration.