ChedrauiLeaks has discovered two companies formed in February and March 2018 by Alvaro Quintana Diaz that made purchases of Florida real estate. Alvaro Quintana Diaz was a lawyer who handled business for Elba Esther Gordillo and her mother Zoila Estela Ochoa Morales according to reports published in Proceso, Milenio, and Reforma.
Each company shares its name with a city or town in Switzerland and the details of each company’s formation and real estate purchase follow below:
Leysin Investments Group, LLC (formed February 2, 2018)
- Paid $347,000 (according to the transfer tax) in February 2018 for a house at 8563 SW 115th Court, Miami Florida.
- The deed included a notice that the property was subject to a local homeowners’ association rule that barred any new owner of a home from renting it out for the first year of ownership.
Geneva Investments Group, LLC (formed March 5, 2018)
- Paid $800,000 (according to the transfer tax) in May, 2018 for 441 Valencia Avenue, Unit 1101, Coral Gables, Florida.
Alvaro Quintana Diaz was registered as the sole initial manager of Leysin Investments Group, LLC and as the sole initial manager of Geneva Investments Group, LLC. No information specifying the ownership of the companies was publicly revealed.
ChedrauiLeaks was unable to find any loans recorded with Miami-Dade County for the purchases. As a result, ChedrauiLeaks believes that the purchases are what is known as a “cash purchase.”
Alvaro Quintana Diaz partnered with Elba Esther Gordillo’s mother Zoila Estela Ochoa Morales to form a company named “Comercializadora TTS de Mexico SA de CV” in 2006 according to a 2013 report published by Proceso. The Proceso report also stated that the company owned waterfront California property at 1 Green Turtle Road, Coronado CA. The deed for 1 Green Turtle Road shows that a Mexican company named “Comercializadora TTS Mexico SA de CV”, omitting the word “de” in its name, bought the property in 2010. Information from San Diego County Assessor’s Office records shows the purchase price was $4 million.
Milenio reported in 2013 that the same Alvaro Quintana Diaz was one of the initial officers of seven companies formed between 2009 and 2012 in Florida: Altus Investment Group LLC, Angels Investment Group LLC, Lisbon Investments Group LLC, London Investments Group LLC, Morocco Investments LLC, Prague Investments Group LLC, and San Sebastian Investments Group LLC. Three of the companies (Lisbon, London, and San Sebastian) listed a headquarters address in their formation documents (filed in 2012 in Florida) at: 2100 Salzedo Street, Suite 201, Coral Gables, FL. This is the same office address registered in 2018 to Geneva Investments Group and Leysin Investments Group.
Reforma reported in August 2018 that Elba Esther Gordillo in 2011 granted limited powers to Alvaro Quintana Diaz and others in connection with the estate of Gordillo’s mother, who died in 2009.
Documents
- Leysin Investments Group, LLC Articles of Organization
- Leysin Investments Group, LLC Deed
- Geneva Investments Group, LLC Articles of Organization
- Geneva Investments Group, LLC Deed
ChedrauiLeaks.org has noticed that the media in Mexico contains very little information about the business dealings and personal assets in the United States of what could be termed Mexican elites, wealthy business people and politicians. ChedrauiLeaks is not stating that members of the Chedraui family or its businesses had any involvement with any of the entities or events described above.