National Court of Spain Takes the Investigation of the Alleged Ponzi Crypto Scheme Arbistar

National Court of Spain Takes the Investigation of the Alleged Ponzi Crypto Scheme Arbistar


The investigation against an alleged major Spanish Ponzi crypto scheme will now be in charge of the National Court of Spain. A judge from the national legal instance is now taking the investigation of Arbistar after the inhibition of a judge in Tenerife.

Economic Damages Could Reach Over $120 Million

According to El País, judge José Luis Calama agreed to investigate Arbistar 2.0 SL, as victims of the alleged scam are almost 1,127. Still, authorities believe the number could be as high as 32,000.

Trending: Frustrated Black Police Officer Defends Law Enforcement In Emotional Viral Video

As a worrisome fact for the judge, said El País, the amount of money stolen on the alleged Ponzi crypto scheme could be over 100 million euros ($120 million). However, law enforcement has accounted for over 41 million euros ($49.26 million) in damages as of press time.

That said, Calama pointed out that Arbistar could be the “biggest scam in Spain” related to cryptocurrencies, considering that the bogus crypto trading bots platform allegedly had victims

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend