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Guardia Civil Detains Álvaro Romillo Over Flight Risk in Audiencia Nacional Crypto Probe

Judge José Luis Calama ordered the arrest after reports from the UCO and the tax agency flagged a potential escape risk linked to offshore assets.

Overview

  • He was taken into custody on judicial order a day before he was due to testify as an investigated party at the Audiencia Nacional.
  • The investigation centers on an alleged cryptocurrency investment fraud tied to the collapse of Madeira Invest Club, which left hundreds of investors affected.
  • Police and tax reports to the court cited potential flight risk, including documents reporting a €29 million account in Singapore linked to the businessman.
  • Romillo previously acknowledged paying €100,000 to MEP Alvise Pérez and provided messages, prompting the judge to refer that matter to the Supreme Court.
  • He is under investigation for suspected fraud, money laundering and participation in a criminal organization as the case widens.