A new scandal has erupted in Spain involving the financing of political movements and digital asset fraud. This time, the spotlight is on businessman Álvaro Romillo, who, according to investigators, handed over a significant sum of cash to support the election campaign of Alvise Pérez, leader of the Se Acabó La Fiesta movement.
He was arrested on the eve of his first interrogation at the National Court. Investigators suspect Romillo of being involved in a large-scale cryptocurrency scam that left hundreds of investors out of pocket. According to authorities, he managed the Madeira Invest Club (MIC) platform, which suddenly ceased operations and left clients without their investments.
In recent days, law enforcement and tax authorities noticed signs that Romillo might attempt to flee justice. As a result, the presiding judge ordered his immediate arrest. Soon, the businessman will face questions regarding charges of fraud, money laundering, and the creation of a criminal organization.
Previously, investigators focused on an episode related to the financing of a political campaign. Romillo admitted that he gave a large cash sum to Alvise Pérez and provided correspondence confirming this. After that, documents concerning potential violations in financing were sent to the Supreme Court for further investigation regarding the MEP.
The investigation is once again focused on the activities of the investment platform, which attracted funds from individuals with promises of high returns. After the collapse of MIC, many investors were left with nothing, and Romillo himself became the subject of a criminal case. New details about this high-profile case are expected to emerge in the coming days.
