I think we are forgetting something very important. And is that the money that King Juan Carlos received of King of Arabia Saudi through that foundation where his cousin Orleans was, really was an instrument, because the money from that foundation did not stay inside, King Juan Carlos sent it to Corinna, the recipient of the money was Corinna. And I think that this is what is being investigated in Switzerland, the use of that Foundation as an instrument ... It is obvious that the great real beneficiary of that money is Corinna. If King Juan Carlos wanted this money to Corinna, he should have created an account with his name or a figurehead, and directly entered it to Corinna's accounts. In my opinion they, Juan Carlos and Corinna, used the foundation to avoid raising suspicions about them.
I see it this way: The King Juan carlos named his son King Felipe (without saying anythingo King Felipe, King Felipe did not know nothing of it), as a beneficiary of a foundation, which acted as an instrument to transfer the money of King Juan Carlos to her lover, without raising suspicions about her, or about him.
In conclusion, King Felipe was not or will be beneficiary of ANYTHING, because his father was emptying the Foundation in favor of his lover.
Corinna is the real beneficiary of the money.