Madeira Invest Club (CryptoSpain / Alvaro Romillo)
Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: approve): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
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anchored·Sezqdd…cfsbSummary
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 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
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 warningApril 2024
MEP Luis 'Alvise' Pérez publicly promotes Madeira Invest Club at an event in Madrid.
El Diario16 September 2024
Madeira Invest Club announces abrupt closure, citing blocked bank accounts amid scrutiny over its ties to Alvise Pérez.
El Diario4 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 release6 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 BlockNovember 2025
Romillo appears before Judge José Luis Calama at the National Court and is ordered held without bail pending trial.
Cybernews15 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.comDecision Log
- slot 462046991 · hash 5qpqEA8bEB3UEmvr28tHxHXTLXTALS8mbJ1XxdRzs7N2
- slot 462046985 · hash Ec5Xprv8yQJetmS4W9SEvAjweqTWzMLgLJhcobxjFHXR
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 13 of 14 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 9/14/2026, 11:15:05 PM
last updated: 10/27/2026, 11:04:48 AM
2 viewsavoid.net — verified advice for a post-truth world