A criminal lawsuit filed in 2011 by various clients who had been counselled previously by Reclaim GC has been closed by the Instruction Court no 3 of Arona. The court, after a thorough investigation, found there to be “no indications of the alleged perpetration of a fraud offence”.
Attempts have been made by Reclaim GC to infer to readers of blogs and articles that this allegation against Silverpoint and its CEO, Mark Cushway - which was brought by a third party and not by the authorities themselves - was more than it actually was. However this allegation has now been formally dismissed by the court.
Speaking from Silverpoint’s head office in Tenerife Mark Cushway, Silverpoint CEO, said: “I am both delighted and relieved that I am able to put this stressful period behind me. For some time I have been living under a cloud created by a business dedicated to destroying my professional reputation.