Introduction

In today’s fast-paced business world, entrepreneurs and small business owners often rely on advisors for guidance. From company formation to tax planning and investment strategy, a good business advisor can be an asset. However, not all who claim to be professionals have the experience, ethics, or qualifications to offer reliable advice. One example that’s been raising red flags recently is a figure operating under the name David Bouchez—a self-proclaimed business consultant in Spain who has allegedly misled several clients.

This blog aims to raise awareness of common signs of business advisor scams, outline the red flags associated with this particular case, and offer tips on how to protect yourself when seeking business advice.

Who Is David Bouchez?

According to multiple online accounts and client complaints, David Bouchez presents himself as an experienced business consultant based in Spain, offering services ranging from startup assistance to investment strategy. His online profiles are polished, and his website (if still active) features vague testimonials, borrowed content, and promises of fast-track success.

However, several individuals have come forward with allegations of fraud and misconduct. These include accepting upfront payments without delivering promised services, misrepresenting credentials, and failing to respond to follow-ups after collecting fees.

Disclaimer: The information in this article is based on public reports and personal testimonies. All readers are encouraged to conduct their own due diligence.

Red Flags to Watch Out For

Whether you're dealing with David Bouchez or anyone offering advisory services, here are some common warning signs of a scam:

No Verifiable Credentials

A legitimate business advisor will have documented experience, references, and professional certifications. In Bouchez’s case, attempts to verify credentials have allegedly resulted in dead ends—nonexistent university degrees, no LinkedIn endorsements from real clients, and unverifiable business licenses.

Push for Upfront Payment

While some advisors charge deposits, a demand for full payment upfront—especially without a contract—is a red flag. Victims in this case reported being asked to pay for “package deals” before any clear deliverables were outlined.

Too-Good-to-Be-True Promises

Bouchez allegedly promised high returns on investment, guaranteed EU residency for clients starting businesses, and even connections to investors. Such claims, especially when not backed by legal documentation, are often signs of a scam.

Lack of Communication After Payment

Several alleged victims claimed that after payment was sent, communication either stopped or drastically slowed down. Emails went unanswered, phone numbers became inactive, and in-person meetings were “rescheduled indefinitely.”

The Real Cost of Falling for Fake Advisors

Beyond losing money, victims of scam business advisors often experience stress, damaged credit, and loss of valuable time. One entrepreneur, who asked to remain anonymous, shared this:

“I moved to Spain to start my business and trusted David Bouchez because he sounded professional. I paid €3,000 for company registration and legal consulting. Months later, nothing had been done, and I never heard from him again.”

These stories are not only frustrating—they’re devastating. They remind us of the importance of proper vetting when choosing someone to trust with our financial and professional future.

How to Protect Yourself

If you’re an expat, freelancer, or entrepreneur looking to do business in Spain (or anywhere), here are a few steps to protect yourself:

Do a Background Check

Google the advisor’s name along with terms like “scam,” “fraud,” or “reviews.” Check for any negative press or forums warning about their activities.

Verify Credentials

Ask for certifications, company registration numbers, and references. Legitimate professionals will have no problem proving their legitimacy.

Get Everything in Writing

Contracts, invoices, and a scope of services should always be clearly documented. Avoid “handshake” deals or informal arrangements.

Use Escrow or Payment Protection

If possible, use secure payment methods that allow you to dispute charges if services are not rendered.

Speak to Former Clients

Ask for contact details of real clients. A good advisor will happily provide references.

Report Suspicious Behavior

If you suspect that someone like David Bouchez is operating a scam in Spain, you can take action:

• Report the individual to Guardia Civil or the Spanish National Police

• Contact consumer protection agencies such as OCU (Organización de Consumidores y Usuarios)

• Post on expat forums or social media groups to warn others

• Report fraudulent websites to Google Safe Browsing and relevant domain registrars

Final Thoughts

While the case of David Bouchez may serve as a warning, it’s unfortunately just one example among many fake consultants targeting international business owners and expats. Always trust your instincts—if something feels off, dig deeper.