• Stories of crypto Javier Biosca, the fallen king of the cryptocurrency empire, heads back to prison

The death of Javier Biosca is surrounded by as much mystery as the last years of his life.

Gone are the days of an affable worker in a hardware store or the attempts to get ahead with his own digital marketing company in

Torrijos

(Toledo).

Cryptocurrencies led him to build an empire that is still hidden in some secret place in the crypto world and may never come to light.

Yesterday his lawyer reported the death of Biosca after falling from the fifth floor of an exclusive hotel and residential complex, Valle Romano Golf & Resort, in the Malaga town of Estepona.

Seen in perspective, the episode can be a good

metaphor for his last stage

, in which everything happened in a dizzying and unexpected way;

a stage in which Biosca was capable of combining the most sordid episodes with the greatest luxury within his reach.

The National Court was investigating him as the main defendant in the first macro-complaint in Spanish judicial history for an alleged pyramid scam with cryptocurrencies.

A collapsed house of cards.

Biosca had lived for years in Torrijos.

They said of him that he was a calm and affable man, attentive at all times to his mother and devoted to love for his wife and his son.

Both women marked his life and were very present in all the decisions he made until he became a guru of the crypto universe.

From his small company dedicated to web design, SEO and SEM among other virtual tasks, he began to lay the foundations of

Algorithms Group

, an investment platform that grew at a meteoric rate.

The secret was to

promise weekly returns of up to 25%

for investing in Bitcoin, Ethereum and other digital currencies that were almost unknown at the time.

It was the year 2018 and at that time it was friends and family of Biosca who were encouraged to invest.

The good results soon spread the word and soon hundreds were interested in having their services.

Javier's fortune skyrocketed at the same rate as his clients grew and Torrijos outgrew him, so he decided to head to Marbella together with his wife.

Both formed an ordinary marriage until they ceased to be.

She worked in a hairdresser's before fortune exchanged hair dryers for Marbella mansions.

In an imposing house, she became the hostess of large parties filled with

luxury, alcohol, exclusive performances and money

, a lot of money.

On Javier's birthday, for example, they even set up a casino with dealers included to celebrate it.

Money came and went relentlessly.

Always in cash, yes.

There is no property in the name of the alleged offender now deceased, but that does not mean that he did not have or does not have resources.

Nothing is known of a

wallet with 37,000 bitcoin

that he stored in an

exchange

and that supposedly left the system through a cold wallet.

Months before his arrest, Javier Biosca was trying to close the purchase of his own bank in Guinea-Bissau to circumvent the limitations that traditional entities placed on his continuous movements of money, but he did not succeed.

In June 2021, the Police stopped him in a routine check to verify that he had not broken the restrictions still in force due to the coronavirus, and after showing a falsified ID, he was arrested.

3,000 affected

It is believed that the number of those affected by the alleged Algorithms Group

scam is

close to 3,000 people

, although only 750 of them are involved in the case.

As of May 31, 2021, the volume of the alleged deception of which Biosca is accused amounted to 818 million euros, but the total amount could multiply that number several times.

Those who know the case closely say that among those affected there are not only small investors and individuals, but also politicians, tax inspectors, judges and very influential people in the social, political and economic scene.

For all these reasons, Biosca was accused of crimes of

continued fraud, misappropriation and falsehood

in a public document.

He had been free for three weeks after depositing the bail of one million euros that he had set for him in the Central Court of Instruction Number 1 Alejandro Abascal.

Now it is not known what will happen with the case.

Both the Criminal Procedure Law and the Criminal Code contemplate the extinction of both the action and criminal liability in the event of the death of the person under investigation.

Although in this case, the magistrate is also investigating the wife of the Algorithms Group broker and her son, reports

Esther Gómez

.

Emilia Zaballos, president of the Association of People Affected by Cryptocurrency Investments, sent on Tuesday, as soon as she heard the news of the death, an urgent letter to the Court to "inform" the

magistrate of the news of the death

.

"It is known, recounted on several occasions, the accumulation of threats that Mr. Biosca has received from criminal organizations that would have invested with him, so

these facts of death should be investigated and

an autopsy performed before burial or cremation, to find out the identity of the deceased person and the cause of death. For what we are interested in, any cremation of the corpse is prohibited until the autopsy is done," Zaballos requested.

The mystery therefore

According to the criteria of The Trust Project

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