The judge of the National Court José Luis Calama three complaints admitted for processing filed against the investment platform Madeira Invest whose founder is Álvaro Romillo, known as Luis Cryptospain and who is linked to Alvise Pérez for financing his political party with 100,000 euros, and to several of its directors for being a alleged pyramid scheme.
In an order, the president of the Central Investigating Court Four rejects the request of one of the accusations of inhibition of the Supreme Court to investigate the agitator Luis Pérez Fernández, known as Alvise Pérez, because according to High Court doctrine, a reasoned statement must be sent to investigate an accused when indications of responsibility appear.
Calama admits and accumulates, with a favorable report from the prosecutor’s office, the three complaints presented by Ances, the National Association for the Defense of Spanish Consumption of Services, the Association of Cryptocurrency Users and the Association of People Affected by investments in cryptocurrencies, the latter in representation of a group of affected people. These complaints are directed against Álvaro Romillo as head of the Madeira Invest Club group and against the legal entity Madeira Invest Club, among other managers and entities.
In his order, the judge indicates that once it has been established that the facts are likely to constitute fraudwithout prejudice to the legal qualification which will be made at the appropriate time of the procedure, it appears “clearly” that they can constitute an offense of fraud and that they would fall under the responsibility of the National Court due to the number of people injured and the amount of what is supposed to be disappointed.
The judge emphasizes that the damage overall reported by The charges would amount to more than 11 million eurosa figure that exceeds the mark of 7 million euros that the Supreme Court set as a parameter to grant jurisdiction to the National Court. Furthermore, the instructor uses functionality criteria to conclude that the National Court is the judicial body that is. in a more favorable position to face the investigation.
In the present case, indicates the magistrate, we see a complex investigation, with a criminal network of several instrumental companies and international connections, with domiciles in Portugal, the United States, the Dominican Republic, Estonia and Albania, which will require recurrent recourse to the issuance of instruments of international legal cooperation in order to determine the nature and the circumstances of the facts, the persons who participated, as well as for the location of the financial assets.
The order states that documents included in the complaints and links to external information indicate that the number of people affected could reach 27,000 and that the harm to them could exceed 300 million eurosThese are circumstances that place this judicial body in a favorable position from a functional point of view to deal with the investigation.
