A few years ago, one of the most disturbing crypto fraud cases in Europe was that of Javier Biosca. This individual managed to deceive more than 750 investors, including judges, notaries, and tax inspectors, promising them impossible returns of 20-25% weekly through his Algorithmics Group scheme.

The most absurd part is that many of these investors entrusted him with their lifelong savings. Some even transferred up to 20 million euros to him. Biosca operated without any regulatory authorization; his company was never registered with the Spanish National Securities Market Commission. Pure blatant fraud.

In 2021, he was arrested for the first time, but here’s the strange part. Just three weeks after being released on a 1 million euro bail, Javier Biosca was found dead. He fell from the balcony of an apartment in Estepona in November 2022, around 11:15 a.m. A worker discovered his body after hearing the impact.

The National Police investigated the incident, but initially found no signs of foul play. However, Biosca’s lawyer, Emilia Zaballos, raised doubts about how suspicious the circumstances were. She suggested that possible connections with criminal organizations linked to his operations could be involved.

This case is a brutal reminder of how large-scale crypto fraud works. Scammers like Javier Biosca exploit greed and lack of regulation to disappear with hundreds of millions. And then, when everything falls apart, more questions remain than answers. A case that was never fully resolved.