Arrested in Valencia to one of the biggest fraudsters with false investments in cryptocurrencies in the European sphere, a 45-year-old man of Portuguese nationality, who has blocked assets greater than €2.5 million.
The detainee is charged seven crimes of fraud and money laundering, for creating a supposed cryptocurrency investment platform on a web page, which he made known through various forums, radio shows, sporting events and even charitable movements, in order to capture the attention and investment of numerous people in Spain and Portugal.
The operation began last August, after the agents became aware of the events through collaboration with private security, the Civil Guard has reported. The platform offered a minimum return of 2.5% weekly to investors depending on the amount they contributed, acquiring roles and thus being able to attract other investors.
This method is known as “ponzi scheme”, a type of scam that tries to mislead those affected, who believe that the profits obtained come from a legal activity, although the funds originate from other deceived investors.
In this way, investment in cryptocurrencies it was a success, so the victims invested larger amounts of money and attracted more investors. The investments made by the victims were used by the detainee to maintain 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 parties in Spain and it was discovered that the detainee he had managed to commit crimes in Luxembourg, Switzerland and Portugal. On December 2, they took place three entries and searches at the detainee’s home, at the company headquarters and a workshop where part of the goods were hidden.
In addition, it has been 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 diverse documentation and electronic devices (computers, tablets, mobile phones and USB cryptocurrency wallets).
Equally, 13 vehicles have been blocked and another seven seized, 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 Court of Instruction 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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