The great Spanish recession of 2007 had major macroeconomic indicators that led to an unfavorable outcome until today. The effects of such a crisis have lasted for more than five years in terms of economic, political and social problems. The Spanish banking system was considered by analysts to be the most compelling and convincing economy among the various Western European countries. They were considered the most equipped and able to withstand a liquidity crisis, because restrictive banking policy required maintaining a high percentage of reserves. It was clear that this assumption about their strong endurance was proven wrong when scandals and frauds broke out, such as that of Banco Santander. Banco Santander has faced several accusations in recent years from the Fed and the Spanish National Securities Market Commission, facing multiple sanctions and legal disputes resulting in an economic crisis and chaotic circumstances that are fueling a growing stain on the bank's reputation. Such an offense has no political color or social class, which means that it has nothing to do with political or social knowledge regarding the case presented. Only permitted nuances are provided by the Spanish Penal Code itself. However, given the way in which the law of grace is exercised, we cannot remain idle to find out more about this legal matter, even if only for what could happen. We cannot blame not one, but two presidents present on the board of directors of Banco Santander for such fraud and embezzlement. Emilio Botin, executive chairman of Grupo Santander, has been implicated in more complex cases of abuse since the emergence of subprime mortgages. bubble. Botin sold risky convertible bonds to savers who did not meet an appropriate risk profile, and to no...... middle of paper ...... people in management positions when they had a criminal record. The first financial institution to suffer from Banif was such an outrageous fraud. Banif was a subsidiary financial institution of Santander Private Banking. The main cause of the difficulties was the sale of structured bonds by Lehman Brothers; during the collapse of the American mortgage crisis, more than 500 million euros also disappeared. Banif charges its clients for the services provided, meaning they are provided by professionals intended to benefit the client by providing them with advice regarding the products they recommend. It was discovered that certain information regarding the backed securities issued by Lehman Brothers was not entirely accurate. At best, it is logical to think that Banif staff did not act with due competence and diligence in relation to the advertised services and did not preach their activity..