You are Relaxing in Your Caribbean Beach Villa on your Ill-gotten Gains and your Victim is only the Bank... (and Maybe the Whole Spanish Economy)

Conspiracy theory or did this really happen? You be the judge…

Written by: Graham Hunt & Nick Snelling
1) You come up with a plan to build a development of (say) 100 homes maybe on rustic non-buildable land. To this effect, you set up a limited company, an SL, with 3000 Euros in the bank and 500 Euros in notary costs (this is important because limited companies have limited liabilities)
2) You ingratiate yourself with the local Mayor (I will leave you to imagine how, but let’s just say, for example, you offered him a cut of your profit)
MORE HERE: spainpropertyguide.wordpress.com/2011/02/10/spanish-property-crash/