Arrested in Valencia at one of the biggest scammers with false investments in cryptocurrencies in Europe, a 45-year-old man of Portuguese nationality, who has been blocked by a wealth greater than 2.5 million euros.
The detainee is charged seven crimes of fraud and money laundering, for creating a supposed platform for investments in cryptocurrencies on a website, which he made known through various forums, radio shows, sporting events and even charity movements, in order to attract the attention and investment of many people in Spain and Portugal.
The operation began last August, after the agents learned of the events through collaboration with private security, the Civil Guard reported. The platform offered a minimum return of 2.5% per week to investors depending on the amount they contributed, getting to acquire roles and thus be able to attract other investors.
This method is known as “ponzi scheme”, a type of scam that tries to mislead the injured, who believe that the profits obtained come from a legal activity, although the funds originate from other deceived investors.
In this way, investing in cryptocurrencies it was a success, so the victims they invested greater amounts of money and attracted more investors. The investments made by the victims were used by the detainee to lead a high standard of living by buying high-end vehicles, trips or meals.
As a result of the investigations, it was possible to identify several injured persons in Spain and it was discovered that the detainee he had managed to commit crimes in Luxembourg, Switzerland and Portugal. On December 2, they were held three entries and records at the detainee’s home, at the company’s headquarters and a workshop where part of the assets were hidden.
In addition, the blocking of several bank accounts and of the web pages of access to the platform and of the pages where it was advertised, as well as the confiscation of various documentation and electronic devices (computers, tablets, mobile phones and USB cryptocurrency wallets).
Equally, 13 vehicles have been blocked and another seven intervened, all of them high-end, with a total blocked assets, between vehicles and bank accounts, of more than two and a half million euros.
The proceedings instructed have been delivered in the Examining Court number 3 of Valencia after the operation carried out by agents of the Technological Investigations Team (EDITE) and the Economic Crimes Team of the UOPJ of the Valencia Civil Guard Command, which have had the collaboration of EUROPOL.
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