The initiator of the Spanish pyramid scheme has been arrested

The founder of pyramid scheme 'unete' has been detained by a Spanish court awaiting trial.

Temporary detention pre-trial is usually used as a preventive measure to prevent the defendant from fleeing or destroying necessary evidence during the investigation of the case.

Court documents on October 21 showed that Jose Manuel Ramirez Marco and Maria del Pilar Otero Sanchez were suspected of fraud, money laundering, participation in a criminal organization and other illegal activities.

Spanish police in June made their first arrests of 20 people in a pyramid scheme that had around 50,000 victims around the world.

The Unetenet plan was officially launched in 2013, promising investors a weekly return of $ 1,300 and attracting investors through false propaganda and pyramid schemes.

According to CoinDesk , the amount involved is as high as 31 million US dollars (about 28 million euros).