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scam 500

Scam of 500,000€
#1
Noticias;

Scam of 500,000 euros in cryptocurrencies with ramifications in Fuerteventura.

The Money was actually intended to finance a life full of luxuries of the detainee, including high-end vehicles and private investments.

Agents of the National Police have arrested in Las Palmas de G.C. a 43-year-old man with a Police record and a 63-year-old woman for crimes of (depending on the case) fraud, misappropriation and Money laundering. The detainee and main investigated managed to deceive 40 people with a supposed safe and highly profitable investment strategy. The investment of new victims covered the payment of profits to the first investors. The Money was actually intended to finance a life full of luxuries of the detainee, including high-end vehicles and private investments. The scams impacted most strongly in Tamaraceite and El Sebadal (Gran Canaria) and Fuerteventura.



In August of last year, the National Police received the first complaints about a possible scam, whose common link was a 43-year-old man, who promised a series of investments in cryptocurrencies through an aggressive and highly profitable strategy.



The investigation initiated as a result of the aforementioned complaints allowed to identify 40 victims, who put their savings in the hands of the main defendant with the false promise of recovering the investment in a short space of time.



In this type of scams, known as "Ponzi" pyramid schemes, the entry of new investors covers the profits of older investors and so on without there being any type of benefit or real return on the capital contributed.



The alleged investment, carried out through two companies to give credibility and solidity to the deception, included the acquisition of more than 100 cutting-edge computer equipment and the creation of three cryptocurrency mining centers located in Tamaraceite and El Sebadal, as well as a third on the island of Fuerteventura. On the other hand, the Money invested by the victims was mostly destined by the investigated to cover a life of luxuries and investments this time, yes, real.



Police investigators were able to determine that of the half a million euros invested in this system, approximately 320,000 euros were disposed of in a particular way.



The Police operation culminated in the arrest of the alleged perpetrator, 43 years of age and the indictment of a 63-year-old woman for crimes of, depending on the case, fraud, misappropriation and Money laundering.



This case is under the instruction of Court No. 5 of Las Palmas de G.C. and the investigation is still open, so new Police actions or arrests are not ruled out.
Living my dream
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#2
I wonder who it is who invest in these sort of dodgy schemes. They obviously must have Money to burn, motivated purely by greed. It’s no wonder there are scammers out there ready to rip them
Off. You can now achieve over 5% interest, risk free, by sticking your Money in a fixed bond.
Anybody who thinks they can make more than this is almost asking to get conned.
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#3
I do agree with you. It's the old adage: if it seems too good to be true ........
Living my dream
2 users say Thank You to TamaraEnLaPlaya for this post
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#4
(28-06-2023, 07:11 AM)Joy Division Wrote: I wonder who it is who invest in these sort of dodgy schemes. They obviously must have money to burn, motivated purely by greed. It’s no wonder there are scammers out there ready to rip them
Off. You can now achieve over 5% interest, risk free, by sticking your money in a fixed bond.
Anybody who thinks they can make more than this is almost asking to get conned.

People are greedy, agreed.

5% bonds are not great if the inflation is hitting 10%.
I Heart Fuerteventura
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#5
Not everyone is greedy. These people were and they paid the price. Hard cheese.

Spanish Inflation rate is currently under 2% so a 5% return looks pretty good to me!
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#6
Spain's consumer price inflation decreased to 1.9 percent year-on-year in June 2023, dipping below the European Central Bank's target of 2.0 percent for the first time since March 2021, a preliminary estimate showed. However, it exceeded market expectations of 1.7 percent. Meanwhile, core inflation, which excludes volatile fresh food and energy prices, stood at 5.9 percent year-on-year, slightly lower than the 6.1 percent recorded in the previous period through May, but still indicating persistent inflationary pressures.
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#7
8L bottle of water in HiperDino, Lidl & Mercadona was last year 0.89€

Today the price is 1.15€

0.26 cents difference is... (0.26 / 0.89) * 100= 29.21% - that's the real inflation on a bottle of water.


The price of a carbonated 1.5L water bottle increased from 0.35€ to 0.50€ across all three shops. That's an almost 50% increase in the price, indicating significant inflation for another (cheapest in its own category) bottle of water.

I understand that inflation is calculated based on various factors, with some items being added to or removed from the basket. However, I can't seem to find anything in any of these shops, that has become cheaper compared to one year ago.

Sorry for the off topic, I just can't believe there are still people who believe in the 2% inflation. I'm struggling to believe that we are anywhere under 10%.
I Heart Fuerteventura
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#8
Totally agree Sam a 4x2ltre pack of Coca-Cola was €6.40 in January, it is €7 today the wine I drink was €3.20 today €3.75
To me drinking responsibly means do not spill it.
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#9
I can’t believe people are still moaning when their pensions have gone up by 10%. More than offsets the price increases for most products.
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#10
(30-06-2023, 12:39 PM)Joy Division Wrote: I can’t believe people are still moaning when their pensions have gone up by 10%. More than offsets the price increases for most products.

I'm sorry, not everyone is getting a pension here. I'm not moaning, just wanted to bring to your attention that the 2% number you mentioned seems to be way off. It's always a good idea to verify by checking your bills rather than solely relying on what the media has reported.

If you think that +10% inflation isn't bad, it is for everyone, having some savings or the millions of people, not being as lucky with their pay rise as the pensioners.
I Heart Fuerteventura
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