A case that looks like a cinematic script shocks Spain. 73 -year -old Francisco Guerrero and a former Cadiz builder saw his life collapse, although in 2005 he won 6.5m euros in the Spanish raffle “Bonoloto”. Initially, Guerrero – due to confusion with the new euro then – thought he had won just £ 33,000. When he realized the real size of his profits, he addressed his bank for investment tips. As he complains, there began his destruction. According to the Mirror, with no financial knowledge and with full confidence in banking advisers, he signed documents for investment in high -risk products, which, he says, did not understand and explained to him. In fact, he remembers that he was sometimes offered food and drinks before the signatures, in a climate of “friendly pressure”. Until 2009, and while facing health problems, Guerrero discovered that he had lost almost all his property. He calculates that it took over 270 years of work […]
Source: News Beast
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