The National Court should investigate Nimbus, a company that is based in Malta and is accused of stealing money from hundreds of people who invested in cryptocurrencies. Many of these people live in Spain. For the first time in a long time, the Supreme Court has told this judicial body to take over the investigation. A possible crime of fraud has been spotted by the magistrates, as has the Prosecutor’s Office and the Civil Guard. They’ve come up with a figure of more than 135.8 million dollars (more than 125 million euros).
There was a case that was put on hold in 2021 while the Supreme Court ruled on who should be in charge of the investigation, which started almost a year ago when a person came forward with a complaint. From a letter dated March 16, which EL PAS has seen, the high court says that “from the proceedings, it can be inferred that the facts investigated fall under the crime of fraud,” and that the court must take charge of the case because the alleged plot is international.
There is a company called Nimbus Platform LTD that is based in Malta called Nimbus The company is the person who came up with the facts. They say the three magistrates who have decided the case are Julián Sánchez Melgar, Ana Mara Ferrer, and Leopoldo Puente. Even though Nimbus has always said that she is innocent, the prosecutor’s office says that she set up a system of “malicious fundraising” that helped her get away from the investigation and then get away from the investigation again.
An official in Germany says that a “criminal organization” was behind an offer to manage the bitcoin portfolios of savers. The company said that the value of their portfolios would later be distributed to them. But the prosecution says that they didn’t want to do what they were told to do.
Andrea Zanon, an Italian financier linked to Nimbus and a former CEO of the company, is shown in a file picture by Nimbus. The picture was taken by someone who doesn’t work for Nimbus. The prosecutor says that Nimbus, which he calls a pyramid scheme, tried to “generate enough capital to keep for a long time the appearance of an investment activity that could report and support profits that the first depositors could consider legitimate.”
Finally, there came a time when he stopped making money and his investments “were left alone.” EL PAS called the company on Tuesday and asked if they could pick up its version again. There are courts and other judicial institutions in Spain that we believe will find out what is true. We are ready to answer any questions from a person who is qualified to do so. It’s safe to say that we believe in our history and that our products and services speak for themselves.
He knows all too well about all the sides of the coin.
Following inquiries by the Civil Guard, it was reported that Nimbus offered “investment services in an automated cryptocurrency system between exchange houses,” promising a fixed return per day based on the amount of money the investor put in.
The Supreme Court said this in its decision. The company “stopped all operations on October 9, 2020,” according to the summary. This means that no one has been able to get the money they’ve put in so far.
The National Securities Market Commission (CNMV) said in November of that year that the company “is not authorized to provide the services that are required by the Securities Market Law,” which is why it was so bad. There are three courts.
There has been a long legal battle going on, and now the Supreme Court has made a big decision. An individual went to court in Huelva, Spain, in April of 2021 to say that he had been scammed by the platform. He said that he had put 9,000 euros into it.
In light of the reports from the prosecutor’s office and the Civil Guard, the magistrate in Huelva, Spain, decided to send this case to the National High Court in Madrid. All of this went to a court called the Central Court of Instruction 6. It turned down a competition last September.
There was then a high court hearing on the case. That’s why two other local courts of instruction, number 8 in Barcelona and number 9 in Granada, backed the court. The Prosecutor’s office and the Civil Guard told the judge in Huelva that they wanted to intervene in the millionaire funds that were found in 41 electronic addresses linked to Nimbus.
They estimated that there could be up to 288 bitcoins, which would be worth more than 10 million euros at today’s prices. With this measure, the researchers wanted to keep some of the money that was said to have been scammed from going away.
The armed institute would have been able to find it by following the trail of cryptocurrency movements that were made around the platform. According to the investigation, Nimbus was not “buying and selling” bitcoins in order to make money. Instead, “it was giving them to third parties and laundering them.”
In addition, the Civil Guard found “multiple aggregate transfers” that tried to keep the trail of bitcoins from being traced. The accusation sank in: “This is an activity that doesn’t make sense from an investment point of view, but has a lot of value when it comes to money laundering.” The accusation sank in.
There is a connection between the Nimbus case and a pyramid scheme that was set up by the former directors of Afinsa through the sale of stamps. One of the lawyers for the people who say they were victims of Nimbus, Carlos Aránguez, says the company is a “very well-organized and well-thought-out pyramid scheme, with very complex containment mechanisms.”
The investors were given a variety of ways to delay getting their money back. For its part, the company says that this lawyer is to blame for a defamation campaign that he has been running. The Arbistar, Algorithms, and Kualian cases are all still being investigated by the court for possible fraud with cryptocurrencies. In these summaries, the investigators put the damage at more than 350 million euros and said that the number of people hurt was in the tens of thousands. According to the different studies, savers were offered high levels of profit in order to get them to put money away.