Spanish Police Arrest Crypto Pyramid Scheme Mastermind: Far-Right Links Probed

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author: CryptoNews

date: November 08, 2025

1 min. read

Spanish police have arrested Romillo Castillo, known as 'CryptoSpain', the alleged mastermind behind a $300 million cryptocurrency pyramid scheme. The scheme defrauded approximately 3,000 investors under the false pretense of a cryptocurrency and luxury goods investment fund. Authorities report no evidence of legitimate investment activity. Instead, investigations revealed Castillo allegedly funneled investor funds to Spanish far-right politicians, triggering an expanded probe. Luis Perez Fernandez, a leader of a Spanish far-right political party, is now under investigation for allegedly receiving campaign funding from Castillo. The investigation seeks to determine the full extent of the financial connections and potential political influence stemming from the fraudulent scheme. ```