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Banque De Luxembourg

All articles tagged with #banque de luxembourg

world1 month ago•3 min saved

Fortune Vanished: The saga of Arantxa Sanchez Vicario's drained wealth

Former world No. 1 Arantxa Sanchez Vicario says her $41 million fortune was drained by her ex-husband Josep Santacana; prosecutors found they hid assets to dodge debts to Banque de Luxembourg, with Santacana convicted of fraud and sentenced to three years and three months in prison. Sanchez Vicario, who retired in 2002, calls herself a victim and says she’s repaying debts, while noting a 2009 tax-fraud fine she previously faced; the couple divorced in 2019.

via New York Post|

#arantxa-sanchez-vicario #banque-de-luxembourg #fortune-vanished

sports2 years ago•2 min saved

"Arantxa Sánchez Vicario Receives Suspended Sentence for Fraud"

Former Spanish tennis star Arantxa Sanchez Vicario and her ex-husband have been convicted of hiding assets to avoid paying a 7.6 million-euro debt to Banque de Luxembourg, resulting in a suspended jail term for her and a three-year, three-month jail term for him. They were also ordered to pay 6.6 million euros in compensation to the bank and unspecified fines. Sanchez Vicario, the first Spanish player to reach the top of women's tennis rankings, had blamed her ex-husband for the fraud, but the court found that she had full knowledge of the operations and benefited from them.

via Reuters|

#arantxa-sanchez-vicario #banque-de-luxembourg #fraud