What is "afinsa"

Afinsa was a company from Spain, which at one point was the world's third largest collectibles company, after Sotheby's and Christie's, and with its controlling stake in Escala Group operated in many European cities, the United States and Asia. Founded in 1980 by Albertino de Figueiredo, a Portuguese national living in Spain, the group is headquartered in Madrid and has offices in many other cities, including Barcelona, Vigo, Valladolid and Lisbon.

In 2006 police in Spain made several arrests amid accusations of a operating a Ponzi fraud scheme. In July 2013, a Spanish court handed down indictments against 14 officers.