Fire Alarm Companies

Last week, who wrote about corruption led raids on Spanish music collecting society SGAE and the arrest of their leader, Teddy Bautista. The weekend, more details have emerged. José Luis Campanello shows us the news that the authorities believe that the leaders have diverted some $ 550 million SGAE (USA) for their own (or other) benefits at the expense of real musicians must have received the money (Google translation of the original in Spanish).

TorrentFreak has more details, and the diagram it seems highly questionable. Basically, the charges are that the SGAE hired "consultants" to create a subsidiary, so-called independent. The thing is that some of these consultants were relatives of the officers of the SGAE:



The complaint alleges that officials of construction companies SGAE and used the income for artists to generate profits for themselves and their families, and the money for artists living abroad were diverted to personal Swiss bank accounts.



In the center of the storm SDAE, digital rights arm of the SGAE. Although the theory separate entity SDAE is fully managed by SGAE. It seems that when he was preparing SDAE, SGAE has hired a consulting firm called microgenesis profit.

microgenesis
described as "a team of specialists in engineering, consulting and development, managed by people with proven experience in the field of intellectual property, as well as culture and entertainment industries. "


microgenesis made a number of companies that provide various services and SDAE SGAE, some strangely enrolled in the direction of the SGAE / SDAE the office. The only problems deepen when we learn microgenesis behind. This sheds more light on the fans SGAE approach increase, which could collect digital Canon. It seems they are not necessarily more money for artists, but potentially they ...