The National Penal Chamber called on the public to view these young people to determine whether businessman Álvaro Romelo, who handed over 100,000 euros to Alves Pérez to finance the European election campaign of the Se Acabó La Fiesta (SALF) party, should remain in prison. Also known as Lewis CryptospinRomelu is accused of large-scale fraud of more than 260 million euros, which led to him being sent to temporary prison last November 7 for the risk of escaping and destroying plants. She denies her intention to protect the country and has appealed this decision, but the IRS realizes that she should not leave freely because the danger still exists.
The judge, trained for the national public, José Luis Calama, ordered Romelu’s arrest at the beginning of November, one day before his announcement, after receiving a report from the Unidad Central Operativa (UCO) of the Civil Guard detailing the security of the company Romelo owned abroad. The judge feared that he would not appear on the aforementioned day and was preparing to leave Spain. This case, open since 2024, has allowed the identification of the locations of 52 companies and 206 bank accounts, trainers and registrations spread across 15 different jurisdictions (Portugal, Belgium, Lithuania, Estonia, Bulgaria, Malta, United Kingdom, Dominican Republic…). Furthermore, agents discovered that up to €29 million of an account in Singapore had been transferred to a company in Thailand.
Calama then decided that he would go to prison, accused of fraud, criminal organization and capital laundering as the creator of the Madeira Investment Club (MIC), a “financial chiringuito”, in the words of the National Securities Market Commission (CNMV). Through his social networks, which had thousands of followers, he devoted himself to attracting investors to use his money for virtual artworks, gold, boats, buses, alcohol, and other luxury goods, offering “returns of at least 20% per year.”
Defend Cryptospain filed an appeal against Liberty claiming that it was not clear that the claimed funds had been exhausted because the affected persons who deposited the funds at the Madeira Investment Club “saw the return of the transferred funds”; That there was no flight risk because Romelu had a “known residence and prominent family and social roots” and because he cooperated with the judicial system, for example, when he went to the Public Prosecutor del Estado to denounce that he had handed over a bag of money to Alves during the election campaign.
The source states, “It is easy to explain that someone wanted to suspend the work of the judicial system when this came before these cases were referred to the judiciary.” In his opinion, there is also no risk of hiding tests because tests “vulnerable to tampering or destruction are integrated into the procedure.”
On the other hand, the Public Prosecution explains that due to the “seriousness of the injuries” attributed to Romelu (with the expectation that the prison sentences will exceed new years), it is necessary to “guarantee his presence before judicial summons” and, for this reason, preventive imprisonment is the appropriate precautionary measure. “We understand that progress must be made in investigating the cause,” says anti-corruption inspector Mar Scharfhausen, “and the investigation does not provide any element that would allow stripping away the content and basis of the (court) decision that is now being fought.”
He explains that Romello’s “reflection mechanism”, through which he captured the knowledge of reflectors, followed a Ponzi scheme under the euphemism of “private club of digital art buyers” that concealed “the true nature of the system that was created.” The Public Ministry says that although the businessman described himself as a “saboteur” in his statement before the judge, he maintains “ownership of several properties through his family members,” “takes luxury trips” and “stays in luxury hotels that pay in cash.” Furthermore, you have a “very high rental price with an option to purchase” through the partnership in the name of the young woman in her marriage.
One common accusation, leveled by researcher Francisco Jiménez de Zaballos Abogados, states that only the affected people recovered and that 2% of them turned over and that it was proven that Romelu intended to “hide the goods”, for example, by transporting “on a large scale” all the luxury vehicles left at an agency in Madrid to Portugal. Therefore, they demand that the precautionary measure not be modified. The Penal Chamber will celebrate on November 4 from 11 am with a visit to make a decision.