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Spain Detains Leader of €260M Crypto Ponzi Scheme

K
Kanalcoin Desk
Editorial Team
Published Nov 9, 2025
1 min read
Romillo Arrested for €260M Ponzi Scheme
Romillo Arrested for €260M Ponzi Scheme
Summary

Spanish authorities arrest Alvaro Romillo for a €260 million Ponzi scheme.

Spanish authorities have arrested Álvaro Romillo, known as ‘CryptoSpain’, for allegedly leading a €260 million Ponzi scheme called Madeira Invest Club.

The arrest highlights the risks in unregulated crypto investments, affecting over 3,000 investors without causing major market disruptions.

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.

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