A financial scam operation based in Madrid has been dismantled, resulting in the arrest of individuals involved in defrauding 29 victims out of a total of €52 million. The operation, described as a 'chiringuito financiero,' exploited its victims through deceptive practices. Authorities have reported that the investigation led to significant developments in the case, highlighting the ongoing efforts to combat financial fraud in Spain. This incident follows another reported fraud case in Alicante, where over €500,000 was allegedly embezzled from a solar panel company.