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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.
2 users say Thank You to TamaraEnLaPlaya for this post
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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.
3 users say Thank You to Joy Division for this post
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#3
I do agree with you. It's the old adage: if it seems too good to be true ........
2 users say Thank You to TamaraEnLaPlaya for this post
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#4
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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#5
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.
1 user says Thank You to Perrypower1 for this post
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#6
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
2 users say Thank You to Johnrgby for this post
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#7
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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#8
I am not moaning in any way, just stating facts
2 users say Thank You to Johnrgby for this post
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#9
(30-06-2023, 12:55 PM)Sam Wrote: 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.

It’s not me who’s way off. It’s you who’s quoting inflation is running at 10%+ who’s way off! You can’t use something as simple as a bottle of water as an accurate inflation measure. Contrary to what you mistakenly  believe, It’s not the media either who come up with the inflation figure. For your information
The Consumer Price Index (CPI) is a statistical measure of the evolution of the prices of goods and services consumed by the population that reside in family dwellings in Spain.

The combination of goods and services that conform the shopping basket is basically obtained from the consumption of families, and the importance of each one of these within the calculation of the CPI is determined by said consumption.

As of January 2002 the CPI methodology was completely renewed. The methodological changes introduced in this System has made the CPI indicator more dynamic, adapting better to the evolution of the market, given that it is possible to update the weightings more frequently. Furthermore, it is possible to include new products in the shopping basket when consumption becomes significant.
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#10
I don’t have to give you examples as I believe the Reported CPI figure of 1.9%. It’s you who doesn’t believe it.
Your figure of 10% inflation may have been correct a year ago but it’s way off now and I thought we were talking about now and not a year ago! I suggest you get your facts right
1 user says Thank You to Joy Division for this post
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