In a stunning turn of events a leading US-based business in the houseboating market, has actually filed a criminal instance against Xoel Álvarez Mazaira, CEO of Mínimo Boats, declaring fraudulent activities and a Ponzi plan. This

conflict has escalated adhering to the American business's payment of 2.33 million euros for 18 units, component of a larger 120-unit order that needed to be canceled because of Mínimo Boats' failure to provide on schedule, some units being postponed for approximately a year. The controversy

increased when a 1.03 million euro down payment was suspiciously relocated in the middle of the firm's insolvency.




Xoel Álvarez Mazaira, CEO of Mínimo Boats



Mínimo Boats, as soon as celebrated for its innovative drifting home designs, is currently under analysis for failing to meet its ambitious dedications to its customer. The American company declares that just 12 of the promised 18 boats

were provided, numerous with defects, and 2 in a pointless state. This violation of trust prolongs past financial losses, as the US company declares Mínimo Boats drew away funds meant for their order to provide watercrafts to other clients, a timeless hallmark of a Ponzi

plan.



https://www.farodevigo.es/economia/2023/12/13/astillero-barcos-casa-enfrenta-querella-95750766.html on Mínimo Boats turned sour when the latter encountered settlement suspension (bankruptcy process) and subjected its staff to short-lived discharge plans. The issue filed in O Porriño court paints a grim photo

of Mínimo Boats' monetary mismanagement and alleged diversion of funds by Álvarez Mazaira for personal usage. The US based company ruthless quest of justice in this instance shows not simply a battle against economic deception however additionally a stand against the erosion

of depend on and collaboration in the industry.