Madeira Invest Club
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Madeira Invest Club (MIC) was a Spanish-language online investment platform that operated from early 2023 until its abrupt closure in September 2024. Its founder, Alvaro Romillo Castillo, known publicly as 'CryptoSpain' or 'Luis,' was arrested in November 2025 under Operation PONEI, coordinated by Spain's Guardia Civil and Europol, on charges of mass fraud, criminal organization, and money laundering. As of mid-2026, Romillo remains in provisional prison, has been formally charged alongside nine co-defendants by a judge of the Audiencia Nacional, and the case is in pre-trial proceedings; no verdict has been issued.
Connected Entities
1 entities · 10 linked investigations- + 1 more
Timeline(11 events)
January 2023
Madeira Invest Club begins operations, marketing itself as a private investment club with promised annual returns of 20–53% across crypto, real estate, luxury assets, and digital art.
CoinCentral / Born2InvestMay 2023
Spain's National Securities Market Commission (CNMV) issues a public warning that Madeira Invest Club operates without authorization and without standard investor protections.
Born2InvestSeptember 2024
Madeira Invest Club abruptly closes. In a Telegram video, the masked figure 'Luis' (Alvaro Romillo) announces closure, citing blocked bank accounts due to investigations. Investors are unable to recover funds.
Born2Invest / Infobae24 September 2024
Zaballos Abogados files a collective criminal complaint at the Central Investigation Courts of the Audiencia Nacional against the Madeira Invest Club, Alvaro Romillo, and related parties on behalf of an initial group of victims seeking recovery of more than €15 million.
Zaballos AbogadosOctober 2024
Albanian National Business Center registers seizure orders against two MIC-linked companies ('Worned' and 'Wortonova') approved by Albania's Special Court.
VoxNews AlbaniaSeptember 2025
Approximately 400 affected investors file an appeal at the Audiencia Nacional requesting provisional detention of Romillo pending the investigation.
Confilegal6 November 2025
Operation PONEI: Spanish Guardia Civil arrests Alvaro Romillo Castillo ('CryptoSpain') on charges of mass fraud, criminal organization, and money laundering. Europol and agencies from the US, Singapore, Malaysia, and Thailand cooperate in the operation.
The Block / Spanish Ministry of Interior9 November 2025
Audiencia Nacional Judge Jose Luis Calama orders Romillo held in provisional prison without bail, citing flight risk based on €29–30 million in Singapore bank accounts and an extensive international corporate network.
Yahoo Finance / CryptoNews6 March 2026
Romillo's defense lawyer Francisco Miranda withdraws representation, citing an 'irreparable breakdown of the essential relationship of trust.'
Democrata.es / The Objective6 April 2026
The examining judge adds an alleged tax fraud of approximately €88 million to the charges against Romillo.
Infobae11 May 2026
Romillo declines to testify before the Audiencia Nacional examining judge as a formally accused party. Case proceeds in the instruccion (pre-trial) phase.
Infobae / ConfilegalDecision Log
- hash: 3AuLu9FovXri6EPprKaBpszhR1g3HYWE5nYo7iBrHV6y
This investigation is cryptographically anchored to the Solana blockchain (1 event). 19 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/14/2026, 11:22:53 PM
last updated: 9/15/2026, 6:42:09 AM
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