The broker was with his wife and son in a hotel on the Costa del Sol, once the scene of his massive parties
The broker Javier Biosca, under investigation for the largest cryptocurrency fraud in Spain, was found dead in Estepona on the morning of this Tuesday, November 22. Initially, the investigation does not indicate the involvement of third parties in the death.
Biosca stayed in a complex of apartments and golf courses on the Costa del Sol. He was accompanied in his room by his wife and son. Apparently, around 11:15 a.m., he went out onto the terrace and fell into the void. The National Police is investigating the circumstances of the death.
It was a hotel employee who, upon hearing the blow, discovered Biosca’s body in some common areas of the compound and raised the alarm. The woman told officers she appeared on the terrace alarmed by the noise.
Sources close to the case reported that Biosca was detained by police about three weeks ago over a legal claim. Apparently these days – say the same sources – he had to face a payment in the courts investigating his case.
Biosca was arrested in June 2021 in Malaga, specifically in the town of Torrox in Axárquica, during a routine check by the Guardia Civil. The agents, when entering their details into the computer applications, verified that he had a warrant for his arrest as he was under investigation for allegedly committing a scam worth more than 280 million in bitcoins.
He was weighed down by a search and arrest warrant issued by the National Court, insofar as the complaint was filed at first instance in a Galician court by the lawyer Emilia Zaballos on behalf of the first injured parties. In a matter of weeks, the victims multiplied to more than 600, with judges, notaries or treasury inspectors among the investors it captured.
Biosca presented himself on social networks as the manager of a company dedicated to online marketing since 2010. Supposedly it was in 2019 when he started recruiting potential partners to invest in cryptocurrencies, promising to do so, according to the complaint filed against him, a profitability of between 20 and 25% per week. He later lowered this guarantee to 10%.
His company began to collect thirty customers. In a short time he had half a thousand. He decided to move from Toledo to Marbella with his family in order to increase his radius of action and to look for profiles with more purchasing power. Biosca managed to make his name sound loud on the Costa del Sol, where he even organized an event he called ‘the bitcoin party’.
In his mansion, he had installed up to four safes and a panic room, in addition to surrounding himself with a security team. Everything pointed to the stockbroker being at the top. He had investors who put up to 20 million euros in his hands for the acquisition of bitcoins, according to the lawyer Emilia Zaballos, even others who gave him his savings. But at the end of 2020, it began to fail its profitability commitments and disappear.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
