Spanish Civil Guard arrests the head of Madeira Invest Club, codenamed 'CryptoSpain,' accusing them of running a crypto-related Ponzi scheme worth approximately €260 million. Since 2023, they attracted over 3,000 victims with contracts promising 'guaranteed returns,' involving assets like cryptocurrency, real estate, gold, and luxury goods. Investigations reveal that the organization had no actual investment activities and instead used new funds to pay off earlier investors, forming a Ponzi scheme. (CoinDesk) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=51571