A broker accused of the biggest crypto scam in Spanish history has died after falling from the fifth floor balcony of his Estepona villa on Tuesday.
Javier Biosca, who was only released on a €1million bail three weeks ago, stood accused of running a fraud that scammed over 750 investors out of cryptocurrencies worth €500million.
His body was found in the common area of a complex of apartments on a golf course at 11.15am by a hotel worker who had heard a heavy thud.
National Police are investigating the death but they do not at this point consider it to be suspicious.
Biosca had been staying at the villa with his friend and guarantor Luis Monge, his wife Paloma Gallardo, and his son, Sergio Biosca Gallardo at the time that he plunged to his death.
The broker was first arrested back in June 2021 in the Axárquica town of Torrox, during a routine Guardia Civil check.
Officers realised that the man they had stopped had a warrant out for his arrest for continued fraud, misappropriation and falsification of a public document.
Biosca had set up the company Algorithmics Group in order to invest in cryptocurrencies, and enticed investors with unrealistic promises of returns of up to 25%, which he soon scaled back to 10%.
He claimed that he had…
