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Madeira Invest Club (CryptoSpain / Alvaro Romillo)

avoid.net/madeira-invest-club-cryptospain-alvaro-romillo→2/100·85% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

Summary

Madeira Invest Club (MIC) was a Spain-based 'private investment club' founded around 2023 by Álvaro Romillo, an online crypto/tax-advice influencer known as "CryptoSpain" or "Luis." Spanish authorities allege MIC operated as a Ponzi scheme that defrauded thousands of investors of roughly €185–260 million by promising fixed ~20% annual returns on nonexistent investments in luxury goods, real estate, watches, whisky, and cryptocurrency. Romillo was arrested in November 2025, denied bail, and formally indicted in December 2025 alongside nine others on charges of mass fraud and criminal organization membership; the case is one of Spain's largest crypto-linked fraud prosecutions to date and remains pending trial.

Connected Entities

1 entities · 10 linked investigations
Organizations
□Madeira Invest Club (CryptoSpain / Alvaro Romillo)
Relationships
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    Have evidence about Madeira Invest Club (CryptoSpain / Alvaro Romillo)?

    Timeline(7 events)

    22 May 2023

    Spain's CNMV issues a public warning that Madeira Invest Club is not authorized to carry out collective-investment activities; the warning is republished by Belgium's FSMA the same day.

    FSMA / CNMV warning

    April 2024

    MEP Luis 'Alvise' Pérez publicly promotes Madeira Invest Club at an event in Madrid.

    El Diario

    16 September 2024

    Madeira Invest Club announces abrupt closure, citing blocked bank accounts amid scrutiny over its ties to Alvise Pérez.

    El Diario

    4 October 2024

    Spain's Audiencia Nacional admits three formal fraud complaints against Madeira Invest Club and Álvaro Romillo, filed by consumer and crypto-victim associations.

    Consejo General del Poder Judicial (CGPJ) press release

    6 November 2025

    Álvaro Romillo is detained by the Guardia Civil's UCO under 'Operation PONEI,' with international law-enforcement support, on suspicion of a €260 million ($300M) fraud and money laundering.

    The Block

    November 2025

    Romillo appears before Judge José Luis Calama at the National Court and is ordered held without bail pending trial.

    Cybernews

    15 December 2025

    Romillo and nine others are formally indicted for mass fraud (over €185.5 million from 3,062 victims) and criminal organization membership; collective bail set at approximately €247 million.

    esdiario.com

    model: claude-code-investigator

    generated: 9/14/2026, 11:15:05 PM

    last updated: 9/14/2026, 11:15:05 PM

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