this has played out exactly correct so far btwhttps://t.co/LHFjQWL4Rkmert | helius.dev (@0xMert_):it is funny they are openly bragging about a ponzi at this point> company commits to spending some money on cloud> cloud company "invests" money into the customer> customer uses that money to raise more money> infinite money glitchcrypto has trained us for this ...

it is funny they are openly bragging about a ponzi at this point> company commits to spending some money on cloud> cloud company "invests" money into the customer> customer uses that money to raise more money> infinite money glitchcrypto has trained us for thisAnthropic (@AnthropicAI):We’ve formed a partnership with NVIDIA and Microsoft.Claude is now on Azure—making ours the only frontier models available on all three major cloud services.NVIDIA and Microsoft will invest up to $10bn and $5bn respectively in ...

RT Timcast News (@TimcastNews)Eliyahu Weinstein, a convicted Ponzi schemer whose 24-year sentence was commuted by President Trump in 2021, has now been sentenced to 37 years in prison for a NEW $41 million fraud scheme targeting more than 150 investors. https://t.co/aoiVj8eiih ...

🚨 BREAKING: Wolf Capital co-founder and CEO Travis Ford has been sentenced to 5 years in prison for running a $9.4M crypto Ponzi scheme.Ford defrauded nearly 2,800 investors, promising daily returns of up to 2% while diverting funds for personal use. https://t.co/DvVqD5iaHa ...

The U.S. Department of Justice has sentenced Wolf Capital Crypto Trading CEO Travis Ford to five years in prison for a $9.4 million crypto Ponzi scheme, ordering over $1 million in forfeiture and $170,000 in restitution after he admitted to defrauding about 2,800 investors. https://t.co/xl2nAZAJzb ...

ICYMI:BSCN (@BSCNews):SPANISH AUTHORITIES ARREST “CRYPTOSPAIN” IN $300M PONZI SCHEME- Spain has dismantled one of its largest crypto frauds to date — a €260 million (~ $300M) Ponzi scheme run by a man who called himself “CryptoSpain.”Here’s the story…The Mastermind Behind “Madeira Invest Club” https://t.co/hzZKl0T4K4 ...

COMMENT: The 42-year-old suspect, Álvaro Romillo Castillo, was detained in Madrid as part of Operation PONEI led by the Spanish Civil Guard.BSCN (@BSCNews):SPANISH AUTHORITIES ARREST “CRYPTOSPAIN” IN $300M PONZI SCHEME- Spain has dismantled one of its largest crypto frauds to date — a €260 million (~ $300M) Ponzi scheme run by a man who called himself “CryptoSpain.”Here’s the story…The Mastermind Behind “Madeira Invest Club” https://t.co/hzZKl0T4K4 ...

Fraud Overview - Spanish authorities dismantled a €260 million (~$300 million) Ponzi scheme led by "CryptoSpain" [1] - The scheme, operated through Madeira Invest Club, promised 20% annual returns on crypto, gold, luxury cars, whiskey, and real estate [2] - Funds were allegedly used to purchase digital art for resale, but were actually used to pay earlier investors [2] Investigation and Scope - The investigation, Operation PONEI, was led by Spain's Civil Guard and resulted in the arrest of Álvaro Romillo Castillo [1] - Investigators uncovered shell companies and bank accounts in at least eight countries, including Cyprus and Madeira [2] - Funds were moved through offshore entities and crypto mixing services to conceal their origin [3] - Authorities estimate over 3,000 victims across Spain, Portugal, Italy, Germany, and Latin America were defrauded [3] Financial Impact and Losses - The average loss per investor was €80,000, with some losing over €1 million [4] - Police seized luxury assets, including a Ferrari and a yacht, purchased with stolen funds [4] Legal and Regulatory Actions - Europol assisted in tracing transactions to crypto exchanges in Estonia and Panama [4] - Castillo has been denied bail due to flight risk and faces up to 15 years in prison [4]

🚨UPDATE: SPAIN’S CIVIL GUARD ARRESTS “CRYPTOSPAIN,” HEAD OF MADEIRA INVEST CLUB, FOR A €260M CRYPTO PONZI THAT DUPED 3,000 INVESTORS ...

Spain’s Civil Guard arrested “CryptoSpain,” head of Madeira Invest Club, for running a €260 million crypto-linked Ponzi scheme that lured over 3,000 victims with “guaranteed returns” since 2023. Investigators found no real investments, only new funds used to repay earlier investors. https://t.co/AlGbPC7fi3 ...