Madeira Invest Club
Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -178 |
| Sum | -113 |
- The page establishes that the subject is itself a scheme, so the score is 0.
Score: 0/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-27 · 5 of 13 claims confirmed · 7 need better sources · 1 disputed
anchored·5TmcVq…m1pESummary
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
2 entities · 1 linked investigation- CryptoSpain / Alvaro Romillo / Madeira Invest Club→mentioned with→Madeira Invest Club(80%)
- Madeira Invest Club→mentioned with→CryptoSpain / Alvaro Romillo / Madeira Invest Club(85%)
Connected Through
2 shared actors · 1 investigationDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Madeira Invest Cluborganization
- □CryptoSpain / Alvaro Romillo / Madeira Invest Cluborganization
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
- slot 462181612 · hash 5ryLfkK5XxLkdg7wjgSYYy6fK4QQrMhTCd6g2sxPpFVq
- slot 462181606 · hash 7LsvZWGQ9rWxxwVk6qK11todAj72ATZnkD26c9oSzJUv
- slot 461965268 · hash DUsHkUNKT3xfv4ut1YD8AsumCec9wwtd8gEbuCFaNYvk
- slot 447100784 · hash 3AuLu9FovXri6EPprKaBpszhR1g3HYWE5nYo7iBrHV6y
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 20 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: 10/27/2026, 7:01:57 PM
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