Madeira’s €260M Crypto Ponzi Collapse: How Greed Toppled Madeira Invest Club
Another 'can't-miss' crypto opportunity goes up in smoke—this time with handcuffs.
Madeira Invest Club promised paradise. Delivered prison cells instead.
The scheme: A classic Ponzi dressed in blockchain buzzwords. The result: 260 million euros vanished, leaving regulators scrambling and investors reeling.
Active since 2022, the operation lured victims with absurd returns. When the music stopped, Portuguese authorities seized assets and made arrests—proving even island getaways can't hide financial crimes forever.
Yet another reminder: If it sounds too good to be true in crypto, it's probably illegal.
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Spain’s Audiencia Nacional court has ordered Romillo’s detention without bail, citing the scope of the fraud and the risk of further asset concealment. Prosecutors are preparing charges for fraud, money laundering, and criminal conspiracy, while the Civil Guard works to recover any traceable funds.
The scandal has reignited debate over crypto regulation in Spain, with lawmakers urging stricter oversight of influencer-driven promotions and unlicensed investment networks. With digital scams on the rise across Europe, the Madeira case is likely to accelerate EU efforts to tighten cross-border enforcement in the crypto space.
