Spanish Confectionery Firm Martínez Sues Lawyers Over €50M Fraud
The family-run company accuses its advisors of a scam in Andorra and Marbella investments that caused their financial ruin.
Key Points
- Martínez accuses lawyers of €50M fraud in 2021 Andorra and Marbella investments.
- Lawyers allegedly charged fees on advice and every invested euro, benefiting themselves.
- Family claims the scheme led to their complete financial ruin.
- Lawyers deny wrongdoing; no updates on proceedings from authorities.
A Spanish confectionery company, Martínez, has filed a complaint against its lawyers alleging a €50 million fraud linked to investments in Andorra and Marbella.
The family behind the business accuses the lawyers—who had been advising them on capital management—of deceiving them into making investments that primarily benefited the law firm rather than the clients. According to details reported by Spanish outlet ABC, the scheme allegedly led to the family's complete financial ruin. The lawyers are said to have charged not only for their advice but also fees on every euro invested through their intermediation.
The complaint centres on events from 2021, when partners at the firm proposed investments in various real estate assets. It was in May of that year that the Martínez family reportedly uncovered what they describe as a "monumental scam" involving three lawyers from the practice.
ABC, which has spoken to the accused lawyers, states that they "vehemently deny any wrongdoing." No further details on the specific nature of the Andorran investment or the current status of the legal proceedings have been disclosed. Authorities have not yet commented publicly on the case.
Original Sources
This article was aggregated from the following Catalan-language sources: