Tenerife Man Sentenced to Four Years for Stealing €88,000 from Homeowners Association

A former president of a homeowners’ association in Santa Cruz de Tenerife managed to dismiss the administrator responsible for handling the finances, allowing him to take control of the accounts. He misappropriated €88,000 from this community, transferring the funds to the account of a company registered under his name. To obscure this unlawful gain, he resorted to forging signatures and documents.