Spanish Authorities Arrest Crypto Influencer in €260 Million Ponzi Scheme Investigation
TLDR Spanish authorities arrested Álvaro Romillo, known as “CryptoSpain,” for allegedly running a €260 million ($300 million) Ponzi scheme through Madeira Invest Club The scheme attracted over 3, 000 victims by promising guaranteed returns of about 20% annually on investments in digital art, luxury vehicles, whisky, real estate, and cryptocurrencies Investigators found no real economic activity [.] The post Spanish Authorities Arrest Crypto Influencer in €260 Million Ponzi Scheme Investigation appeared first on CoinCentral.