Overview
- Judge José Luis Calama issued charging orders against Romillo and nine others for mass fraud and criminal organization tied to the Madeira Invest platform.
- The court quantified losses at €185,511,947.76 affecting 3,062 investors between January 2023 and September 2024.
- The ten defendants face a joint bond of €247,349,230 to secure potential civil liabilities.
- The order describes a pyramid-style scheme marketing fictitious products with promised returns of around 20% via Madeirainvest.com, TikTok, YouTube, and large events, and it notes Romillo’s €100,000 payment to eurodeputy Luis ‘Alvise’ Pérez.
- Romillo remains in provisional detention since his November 6 arrest by the Civil Guard’s UCO, as investigators map a network of 52 companies and 106 bank accounts across at least 15 jurisdictions.