A Spanish court has remanded in custody the alleged operators of a pyramid scheme that used a fake digital currency called 'unete'.
Temporary imprisonment pre-trial is typically set as a precaution to avoid defendants from fleeing or destroying necessary evidence during a case.
The court documents, dated 21st October, state that Jose Manuel Ramirez Marco and Maria del Pilar Otero Sanchez are both suspected of fraud, participating in a criminal organisation and money laundering.
Launched in 2013, the Unetenet scheme, which promised investors as much as $1,300 in weekly returns, gained traction among investors through its promotional events and sales pitches.
According to documents seen by CoinDesk, victims have been defrauded of over $31m (€28m).
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