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Spanish Authorities Arrest Mastermind Behind €260 Million Investment Scam

Spanish Authorities Arrest Mastermind Behind €260 Million Investment Scam

Author:

Global Cryptocurrency

Published:

2025-11-10 14:53:02

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BTCCSquare news:

Spanish authorities have apprehended Romillo, the alleged orchestrator of Madeira Invest Club, a pyramid-style investment scheme that defrauded over 3,000 investors across Europe and Latin America. The operation promised annual returns of 20% through purported investment contracts, but investigations revealed a fraudulent structure designed solely to siphon savings.

The scheme positioned itself as an exclusive community offering access to high-value assets like real estate. Victims were lured with false assurances of reliability, only to discover the entire operation was a facade. Authorities estimate losses exceeding $300 million, marking one of the most significant investment frauds in recent European history.

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