reveal how Luis Miguel hid a luxury yacht from his creditors

The reason for this financial maneuver is that it allowed him to hide from the public the true owner of the yacht, aided by the strict confidentiality laws of the British Virgin Islands and the low taxes which made the nation of 30,000 people the one of the greatest paradises. Prosecutors of the world.

One of the most successful Mexican singers of all time, Luis MigueHe did not ignore financial problems, including early in his career, when his father Luisito Rey used an entity in Switzerland to accumulate $ 20 million without paying the respective taxes to the Mexican Treasury, forcing the singer to pay a millionaire fine.

However, all the legal issues of Luis Miguel can be attributed to his father, since the singer also had problems in the United States and Mexico due to non-payment of taxes.

In addition, over the past decade Luis Miguel You found yourself in a legal dispute with your former representative William brockhaus, the singer Alexander Fernandez and even with the record company Warner Music for breach of contract. In 2017, the yacht Único, also related to the singer, was seized by the authorities in Miami for debts amounting to 120,000 dollars.

The singer’s financial fortune recently changed with the popularity of the biopic production. “Luis Miguel, The Series” for Netflix, which paradoxically uses its multiple economic problems as part of its main plot.