Monday, November 17, 2014

Former Director at Spanish royalties agency jailed after spending €39,000 on prostitutes

Sociedad General de Autores y Editores (SGAE) is the Kingdom of Spain’s copyright collection society. Pedro Farré, was the former corporate relations director of the SGAE and Ricardo Azcoaga, SGAE’s former finance director. Farré has been given a 30-month jail term after being found guilty of misappropriation of funds and forging documents for using his company credit card to run up a bill of €39,552 . The court also handed a one-year prison sentence to Azcoaga for failing to report Farré’s activities.

Pedro Farré spent more than €39,000 of the organization’s money on prostitutes over six months, according to the National High Court. “Pedro Farré visited this club, drank, and bought drinks for all the girls there. (...) Whenever he visited the club, he would rent a room. He would go in around 5pm and emerge at 5am the next morning, having consumed champagne and other drinks, and having had several girls sent in," reads the setence.

Farré denied the charges but his testimony was contradicted by several witnesses, among them the owner of a number of brothels Farré visited frequently, usually alone, among them Private, in the Madrid dormitory town of Alcalá de Henares.

The sentences are the first to be handed down in a Civil Guard investigation into illicit activities at SGAE in 2011 that resulted in the arrests of several board members, including chairman Teddy Bautista. All of them are accused of involvement in a scheme to divert tens of thousands of euros through companies that provided non-existent services.

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