In a shocking turn of events a prominent US-based firm in the houseboating industry, has submitted a criminal case against Xoel Álvarez Mazaira, CEO of Mínimo Boats, alleging illegal tasks and a Ponzi plan. This
dispute has actually escalated following the American company's payment of 2.33 million euros for 18 devices, part of a larger 120-unit order that had to be canceled due to Mínimo Boats' lack of ability to deliver on time, some devices being postponed for approximately a year. The conflict
magnified when a 1.03 million euro down payment was suspiciously relocated among the company's bankruptcy.
Mínimo Boats, once commemorated for its cutting-edge drifting house designs, is now under examination for falling short to fulfill its ambitious dedications to its client. The American firm alleges that only 12 of the assured 18 boats
were provided, numerous with problems, and two in an unusable state. This violation of trust fund expands past economic losses, as the United States company claims Mínimo Boats diverted funds meant for their order to deliver watercrafts to various other clients, a classic characteristic of a Ponzi
scheme.
The count on Mínimo Boats curdle when the last encountered payment suspension (insolvency proceedings) and subjected its staff to temporary discharge systems. The grievance filed in O Porriño court paints a grim image
of Mínimo Boats' economic mismanagement and claimed diversion of funds by Álvarez Mazaira for individual use. The US based firm relentless pursuit of justice in this case mirrors not just a fight against economic deception yet also a stand versus the erosion
