How a $300 Million Crypto Scheme Linked a Crypto Kingpin to Spain’s Far Right
Spanish authorities have arrested the alleged leader of a $300 million crypto pyramid scheme that defrauded more than 3,000 investors. The fake investment club promised 20% annual returns and operated across several countries.
Investigators also linked the suspect to the financing of a far-right politician’s campaign and to the transfer of millions through offshore accounts.
Álvaro Romillo Castillo, known as “Cryptospain,” was detained on Thursday and denied bail. Authorities considered him a flight risk ahead of his Friday court appearance.
The arrest took place under Operation PONEI, led by the Spanish Civil Guard. Officials accuse Castillo of running an international network…
