Spanish Crypto Influencer Arrested in $300 Million Fraud Scheme
The arrest on November 6, 2025, marks the takedown of one of Europe’s largest cryptocurrency-related pyramid schemes, affecting over 3,000 victims across multiple countries.
The Spanish Civil Guard conducted the arrest under Operation PONEI, with support from Europol and law enforcement agencies from the United States, Singapore, Malaysia, and Thailand. Romillo appeared in court on November 7 and was denied bail due to flight risk concerns. Judge José Luis Calama ordered him held in provisional prison pending trial.
The Madeira Invest Club Scheme
Romillo’s fraudulent operation centered around the Madeira Invest Club (MIC), which launched in early 2023. The club presented itself as an exclusive private investment group offering…
