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Popular US Houseboat Company Accuses Xoel Álvarez of Fraud and Ponzi Scheme in Multi-Million Euro Scandal In a surprising turn of occasions a leading US-based firm in the houseboating market, has filed a criminal instance against Xoel Álvarez Mazaira , CEO of Mínimo Boats, affirming deceitful activities and a Ponzi plan. This disagreement has risen following the American business's repayment of 2.33 million euros for 18 units, part of a bigger 120-unit order that needed to be canceled because of Mínimo Boats' lack of ability to deliver promptly, some units being postponed for as much as a year. The controversy increased when a 1.03 million euro down payment was suspiciously relocated amidst the business's bankruptcy. Xoel Álvarez Mazaira, CEO of Mínimo Boats Mínimo Boats, once celebrated for its cutting-edge floating home designs, is now under scrutiny for stopping working to fulfill its enthusiastic commitments to its client. The American firm affirms that just 12 of the guaranteed 18 boats were provided, numerous with problems, and two in a pointless state. This breach of depend on extends past monetary losses, as the United States business declares Mínimo Boats diverted funds meant for their order to deliver boats to various other customers, a traditional hallmark of a Ponzi scheme. The count on Mínimo Boats transformed sour when the latter encountered payment suspension (bankruptcy proceedings) and subjected its team to short-lived discharge schemes. The grievance submitted in O Porriño court paints a grim image of Mínimo Boats' monetary mismanagement and alleged diversion of funds by Álvarez Mazaira for individual usage. The US based firm relentless quest of justice in this situation mirrors not just a battle against economic deceit but additionally a stand versus the disintegration of depend on and collaboration in the industry.