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He has been paid the bulk of his contract fees.
Investigators are seeking to determine if Mr. Urdangarin misused his royal credentials in securing contracts from regional authorities to organize sports events for children and other activities through his private Noós Institute and then siphoned off contract fees.
Prosecutors have been investigating whether Mr. Urdangarin used his royal credentials to secure inflated, no-bid contracts from regional politicians for his foundation and then diverted millions of euros from the contract fees into other companies and offshore accounts that he and his associates controlled.
Investigators contend that Mr. Urdangarin used his royal credentials to secure inflated contracts from regional politicians to organize sports and tourism events through Instituto Nóos, his sports foundation, then siphoned millions of dollars from the contract fees, channeling the money to companies and offshore accounts controlled by him and his associates.
The case against Mr. Urdangarin centers on investigators' contention that he used his royal credentials to secure inflated sports contracts from regional politicians for Instituto Nóos, a foundation he led, then siphoned millions of euros from the contract fees and channeled them to other companies and offshore accounts controlled by him and his associates.
He is alleged to have used his royal credentials to secure multimillion-euro contracts for his foundation from regional authorities in Valencia and the Balearic Islands to organize sports and tourism events, then siphoning off part of the contract fees toward other companies that he and his business associates controlled.
Similar(51)
An Enron spokeswoman says that while the conversations are "disturbing and offensive," the contract fee is still valid.
Mr. Brookenstein charges clients a percentage for managing assets and $150 an hour for a flat contract fee for developing a financial plan, which he calls a "snapshot in time".
Most variable annuities also charge an annual contract fee in addition to these sub-account expenses.
Sprint $200 ETF begins to reduce in the fifth month of the contract; fee goes down $10/month until it reaches $50.
Slightly more promising is Ecomplaints, born out of the frustration of Jennifer Biscoe, a former Gartner Group consultant who fruitlessly battled AT&T for a year over a disputed cell phone contract fee.
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