The fall of the Rothschild family is nothing short of a breath of fresh air to those who read alternative news. Baron David Rothschild has been indicted over tax fraud allegations, after victims, mostly expats living in Spain, bought into his loan scheme.

The French police have been tracking down the wealthy aristocrat after being told by a judge in Paris that there is now enough evidence to prosecute the case; and to search for him, who has several homes across the country. The judge, Javier Gómez Bermudez who had a role in prosecuting the Madrid bombers, announced the summons this week.

Baron David de Rothschild could be facing a stint in a French prison cell if the charges come through over the fraud scheme involving his company, the Rothschild Financial Services Group. The case against him encompasses more than 130 pensioners who lost thousands of euros and their dream properties, after enticing them to an equity release loan scheme that promoted and falsely advertised a legal means to reduce the value of their homes in order to reduce inheritance tax.

It is a long time coming for his victims though, who filed suit against him over five years ago with a Marbella-based law firm. Legal representative for the people against Rothschild, lawyer Antonio Flores has said the “breakthrough moment” will now allow for prosecution to commence.

“In short, independently of what happened to the investment, Rothschild advertised a loan aimed at reducing inheritance tax, which is a breach of tax law,” Flores said. “The courts are now in agreement with us that there is enough evidence to interrogate Baron Rothschild…The first thing they will have to do is find him. Once they have done that they can begin to question him.”

The French Tax Agency has also ruled that Rothschild should be held accountable and prosecuted.

Several addresses have been given as possible locations on where to find Rothschild, and so far, no formal comment has been made by the family on the matter. This matter coincides with another legal worry for the Rothschild family, now facing a, $11.1 million fine on the Rothschild Bank AG by the U.S. Justice Department, for assisting Americans to conceal assets offshore.

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