Icelandic Woman Charged with Embezzling $24,000 for Tenerife Rentals

A woman in Iceland faces charges of embezzlement for allegedly misappropriating 3.3 million Icelandic krónur (approximately $24,000 USD) from two separate parties. The funds were related to planned property rentals on the popular Spanish island of Tenerife.

The charges, filed by the Capital Region Police, detail two instances of alleged fraud. In the first case, the accused is said to have taken 2.4 million krónur between October 2018 and April 2019. This money was a deposit from another woman who intended to rent a property in Tenerife from June to September 2019. According to the indictment, the accused failed to deliver the rental property and instead used the funds for personal gain, mixing them with her own bank account.

The second charge involves 930,000 krónur allegedly embezzled from a different individual between July and August 2018. This person planned to rent a property in Tenerife from June to July 2019, with the funds serving as a rental deposit. Similar to the first case, the indictment states the accused did not fulfill the rental agreement and instead used the money for her own purposes.

The case is currently being processed in the Reykjanes District Court.