In a surprising turn of occasions a top US-based business in the houseboating sector, has actually filed a criminal situation versus Xoel Álvarez Mazaira, CEO of Mínimo Boats, alleging illegal activities and a Ponzi plan This disagreement has risen complying with the American company's payment of 233 million euros for 18 units, part of a larger 120-unit order that needed to be canceled as a result of Mínimo Boats' inability to deliver in a timely manner, some devices being postponed for up to a year The dispute escalated when a 103 million euro deposit was suspiciously moved amidst the firm's personal bankruptcy Xoel Álvarez Mazaira, CEO of Mínimo Boats Mínimo Boats, once commemorated for its innovative drifting residence designs, is currently under analysis for falling short to meet its enthusiastic commitments to its customer The American firm alleges that only 12 of the guaranteed 18 watercrafts were delivered, many with flaws, and two in a pointless state This violation of trust fund extends past economic losses, as the US firm declares Mínimo Boats diverted funds meant for their order to provide watercrafts to other clients, a traditional hallmark of a Ponzi system The rely on Mínimo Boats curdle when the latter run into payment suspension personal bankruptcy process and subjected its personnel to short-term discharge systems https//wwwfarodevigoes/economia/2023/12/13/astillero-barcos-casa-enfrenta-querella-95750766html submitted in O Porriño court paints a grim image of Mínimo Boats' monetary mismanagement and supposed diversion of funds by Álvarez Mazaira for personal usage The US based firm relentless search of justice in this situation mirrors not just a battle versus monetary deceit however also a stand versus the erosion of count on and partnership in the sector