PANews reported on November 9th, citing Coindesk, that the Spanish Civil Guard arrested a man suspected of leading a €260 million cryptocurrency-related Ponzi scheme. He is accused of operating an international investment scam called "Madeira Invest Club." This Ponzi scheme attracted over 3,000 victims by offering guaranteed returns linked to digital art, luxury vehicles, whiskey, real estate, and cryptocurrencies. The investigation, involving Europol and international law enforcement agencies, uncovered a complex network of shell companies and bank accounts spanning at least 10 countries.PANews reported on November 9th, citing Coindesk, that the Spanish Civil Guard arrested a man suspected of leading a €260 million cryptocurrency-related Ponzi scheme. He is accused of operating an international investment scam called "Madeira Invest Club." This Ponzi scheme attracted over 3,000 victims by offering guaranteed returns linked to digital art, luxury vehicles, whiskey, real estate, and cryptocurrencies. The investigation, involving Europol and international law enforcement agencies, uncovered a complex network of shell companies and bank accounts spanning at least 10 countries.
Spain arrests suspected ringleader of €260 million cryptocurrency-related Ponzi scheme
PANews reported on November 9th, citing Coindesk, that the Spanish Civil Guard arrested a man suspected of leading a €260 million cryptocurrency-related Ponzi scheme. He is accused of operating an international investment scam called "Madeira Invest Club." This Ponzi scheme attracted over 3,000 victims by offering guaranteed returns linked to digital art, luxury vehicles, whiskey, real estate, and cryptocurrencies. The investigation, involving Europol and international law enforcement agencies, uncovered a complex network of shell companies and bank accounts spanning at least 10 countries.
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