Siempre Comisiones Bajas S.L. fraudulent financial operation

Economic Crimes Unit of the Guardia Civil has arrested five people and indicted one more in a swoops against a fraudulent financial operation based in Madrid and Menorca, but which could have defrauded millions of businessmen across the country by offering investment products offering high rates of interest. Police codenamed the operation ‘Navas’ and made the arrests in El Escorial, Colmenarejo and La Rozas in Madrid and in Mahón on Menorca. Searches of five luxury properties have been carried out.The company, which went under the name of Siempre Comisiones Bajas S.L. used telemarketers to capture clients finding the names in the telephone book.