The Great Spanish Recession of 2007 had important macroeconomic indicators that led to an unfavorable outcome to date. The effects of this crisis have lasted for more than five years in terms of economic, political and social issues. The Spanish banking system was considered by analysts to have the most compelling and compelling economy among the various Western European nations. They were considered the best equipped and capable of withstanding a liquidity crisis since a restrictive banking policy required retaining a high percentage of reserves. It was clear that this assumption about their strong resistance proved wrong when scandals and frauds like that of Banco Santander occurred. Banco Santander has faced several accusations from the Fed and Spain's National Securities Market Commission in recent years, facing multiple fines and legal challenges that have resulted in economic crises and chaotic circumstances that fuel a growing stain on the bank's reputation. Such a crime has no political color or social class, meaning it has nothing to do with any political or social knowledge regarding the case presented. Only the nuances provided for by the Spanish penal code itself were allowed. However, given the way in which the law of grace is exercised, it would not be useless to know something more about this legal act, if only for what may come. We can only blame not one, but two presidents present on the board of directors of Banco Santander for this fraud and embezzlement. Emilio Botin, executive chairman of Grupo Santander, has been involved in more complex abuse cases since the subprime mortgage bubble burst. Botin sold risky convertible bonds to savers who did not meet an adequate risk profile and to any… mid-level officials working in high-level positions when they had criminal records. The first financial institution to suffer from such outrageous frauds were Banif. 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 US mortgage crisis more than 500 million euros also disappeared. Banif charges its clients for the services provided, which means they are provided by professionals intended to benefit the client by providing guidance regarding the advertised products. It turned out that some information regarding the collateralized 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 advertised their activity.