In a shocking turn of occasions a top US-based business in the houseboating industry, has actually submitted a criminal situation versus Xoel Álvarez Mazaira, CEO of Mínimo Boats, declaring deceitful activities and a Ponzi plan This dispute has actually escalated adhering to the American firm's repayment 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' lack of ability to provide in a timely manner, some systems being postponed for as much as a year The debate intensified when a 103 million euro down payment was suspiciously moved among the business's personal bankruptcy https//sitesgooglecom/xionlancom/minimoboatssl/home , CEO of Mínimo Boats Mínimo Boats, as soon as celebrated for its innovative floating residence designs, is currently under scrutiny for falling short to fulfill its enthusiastic dedications to its customer The American firm alleges that just 12 of the assured 18 watercrafts were supplied, several with defects, and 2 in an unusable state This breach of depend on expands beyond financial losses, as the US firm declares Mínimo Boats drew away funds meant for their order to provide boats to various other customers, a traditional characteristic of a Ponzi system The rely on Mínimo Boats curdle when the latter encountered payment suspension insolvency proceedings and subjected its staff to momentary layoff schemes The issue filed in O Porriño court paints a grim picture of Mínimo Boats' financial mismanagement and claimed diversion of funds by Álvarez Mazaira for personal usage The US based company ruthless search of justice in this case mirrors not just a battle against economic fraud however also a stand versus the disintegration of trust and partnership in the market