Source: 15MpaRato blog
As many of you know, since we filed in June 2012 the #QuerellaPaRato (lawsuit against Rato), we have been presenting financial authorities like the CNMV (National Securities and Exchange Commission) such basic questions as «what are preferred shares» – that invention of Rato – or «who were they sold to» and «what were the investors’ profiles».
Very simple questions, the result of a complex legal strategy.
Repeatedly asking what are these preferred shares was how we got the CNMV report. Now, any swindled person can use it to file a criminal lawsiut against their bank, instead of embracing an arbitrage which is nothing but a trap, since it only seeks that swindled renounce legal action (they know they would loose in a court case). The answer was what we suspected: preferred shares are a scam. But it is not the same to suspect this, to having the CNMV itself openly confess it in a report full of details.
Let’s get to the point: we thought it basic for the #QuerellaPaRato to know who were the preferred shares sold to, because we guessed this product was targeted to small savers instead of to financial professionals; but, again, a suspicion is not the same as showing specific data to the judge.
So this is what we have done this morning in the High Court. We have achieved this thanks to anonymous citizen collaboration.
We have managed to make them admit the exact number of preferred shares bought by financial companies, big fish or other financial professionals, which is:
zero.
Who were they sold to, then?
As the document shows, 98,9% was sold to FAMILIES and the remaining 1% to small and medium size businesses.
The fact that these products were sold only and explicitly to humble people without sufficient financial knowledge (small savers) is absolutely illegal and the one responsible of preventing this is no other than the CNMV, which also knew this information from the beginning and did not share it when we asked for it.
We attach the two documents presented today before the judge with all this information we worked hard to get. We hope it will be used for helping justice be done both in our lawsuit against Rato and his friends as with the hundreds of cases filed by citizens affected by the preferred shares scam. We recommend reading them, they are really worth it.
We continue working looking for good news to give you, one by one, drop by drop, «rato a rato», while their farce collapses. Until we can give you the good news we are all waiting for: impunity is over.
We are still missing a piece in the preferred shares scam: we know through their own handwritten testimony that it is a scam and who it has been perpetrated against. We are missing «how» it was carried out. Soon there will be another surprise. The truth will be known.
15MpaRato
Attached documents:
http://15mparato.wordpress.com/?attachment_id=1066
http://15mparato.wordpress.com/?attachment_id=1067
Suffice it to say; if Judge Elpidio had received the information from the General State Comptroller, that the Anti-Corruption Prosecutor’s Office had already in March this year, he could not have been suspended and Blesa would still be in prison.