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FX Winning / David Merino Quintana

avoid.net/fx-winning-david-merino-quintana→0/100·88% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

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

anchored·67AMGj…8Qdc

Summary

FX Winning (also styled FXWinning) was a fraudulent cryptocurrency and foreign exchange investment platform allegedly masterminded by Spanish national David Merino Quintana, a businessman from Gran Canaria, Spain. Spanish authorities, coordinating with Europol, the US Drug Enforcement Administration, and investigators in Mexico and Colombia, allege the platform operated as a Ponzi scheme from approximately 2020 to 2023, collecting funds from up to 15,000 victims across more than 30 countries, with Spanish investigators estimating losses of at least €460 million and total funds collected potentially reaching €46 billion. Merino was arrested in Dubai on June 1, 2026, following an international arrest warrant issued by Spain's Audiencia Nacional, and extradition proceedings to Spain are pending.

Connected Entities

2 entities · 60 linked investigations
Organizations
□Tether52□FX Winning / David Merino Quintana
Relationships
  • FX Winning / David Merino Quintana→mentioned with→Tether(60%)
Also appears in
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Connected Through

1 shared actor · 130 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about FX Winning / David Merino Quintana?

Timeline(14 events)

2020

FX Winning begins operations, offering cryptocurrency and forex investment returns via a multilevel affiliate network operating under We Are Turbo and other brand names across Spain and Latin America.

Victifin / FX Winning investigation overview

10 March 2021

Spain's CNMV issues a formal warning that FX Winning is not authorized to provide investment services in Spain.

Finanstilsynet Norway — CNMV Warning FXWINNING

2021

David Merino Quintana formally departs from a public-facing role in FX Winning, though Spanish investigators allege he continued to direct operations from behind the scenes.

Bitget News — FX Winning arrest coverage

October 2022

The Secret Tours S.L., administered by David Merino Quintana, posts bail for an associate detained in a related matter, according to court records.

Atlantico Hoy — Audiencia Nacional seizure reporting

2023

FX Winning collapses; investors are unable to withdraw funds. The platform had operated from approximately 2020 to this point.

Victifin — FX Winning investigation

13 February 2023

Belgium's FSMA issues a formal warning against FXWINNING LIMITED, citing the CNMV's earlier action.

FSMA Belgium — FXWINNING LIMITED warning

2023

Europol joins the Spanish investigation into FX Winning, providing coordination, operational support, strategic analysis, and later deploying a crypto specialist.

Europol press release — Operation Borrelli

2023

Spain's Audiencia Nacional opens case 70/2023 into FX Winning under Central Instruction Court No. 6, Judge Manuel Garcia Castellon, investigating fraud, money laundering, and criminal organization charges.

Atlantico Hoy — DEA and Mexico investigation coverage

June 2024

The Audiencia Nacional orders provisional detention without bail for Robin Tassilo Laurer and Juan Faber Esquivel, two key alleged associates of Merino.

Atlantico Hoy — FX Winning operations reporting

April 2025

David Merino dissolves at least one of two UK-registered shell companies in the weeks before the UCO's first enforcement action in the FX Winning case.

El Espanol — FX Winning UK shell companies reporting

26 June 2025

Operation Borrelli: UCO agents simultaneously raid properties in Las Palmas de Gran Canaria, Santa Lucia de Tirajana, and Getafe. Five individuals are arrested, and searches are conducted at five locations. Europol provides on-site crypto specialist support.

Europol press release — Operation Borrelli

29 July 2025

The Audiencia Nacional orders the seizure of €1 million from The Secret Tours S.L., administered by David Merino Quintana, in connection with the FX Winning investigation.

Atlantico Hoy — Audiencia Nacional seizure reporting

21 March 2026

David Merino Quintana releases a public video denying personal responsibility for investor losses, claiming funds are frozen at an unnamed exchange and directing blame toward associate Jose Lucas Cruz.

Canarias7 — David Merino reappears (March 2026)

June 2026

David Merino Quintana is arrested by UAE Criminal Investigation Department officers at approximately 6:00–7:00 PM local time at a shopping mall in Dubai, pursuant to an Interpol Red Notice at the request of Spain's Audiencia Nacional. Extradition proceedings to Spain begin.

Atlantico Hoy — Arrest in Dubai (June 2026)
Provenance & Audit Trail
Anchored on SolanaVerify on-chain19 Wayback Archives

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 19 of 20 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 8/10/2026, 12:06:56 PM

last updated: 8/25/2026, 7:21:28 PM

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