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Gowex Ex-CEO Garcia Told Court He Faked Accounts Since 2005

Jenaro Garcia, the disgraced former chief executive officer of Let’s Gowex SA, told a Madrid judge that he had falsified financial accounts at the Wi-Fi hotspot provider since at least 2005.

Garcia said he used front-men to create companies that acted as fictitious clients, according to a court official, who asked not to be identified citing policy. Gowex, founded in 1999, has so far said the fake accounts date back “at least” four years.