Pescanova is a Spanish fishing and aquaculture company built over 52 years by Jose Fernandez Lopez. An audit found that the company's real debt was 3.6 billion euros with a 927 million euro hole in its assets, indicating the empire was built on fraud.

1. PESCANOVA

2. -Spanish fishing and aquaculture company
built over 52 years by Jose Fernandez Lopez
 Empire is built on fraud, with real debt of 3.6billion euros
 927million euros hole in assets found by KPMG on JULY 2013