Final November a Russian van rolled as much as OneCoin’s Bulgarian headquarters.
Shortly afterwards, this occurred:
Now OneCoin company paperwork are discovering their means into the wild.
The 12 months was 2016. Banks had been closing OneCoin accounts all around the world and regulatory warnings had been coming in thick and quick.
None of that nonetheless was sufficient to dissuade Pierre Arens,
Arens, supposedly an informed skilled with a background in banking, worldwide and capital markets, was negotiating the place of OneCoin CEO.
As per the “Cooperation Settlement” fleshed out between Arens and Ruja Ignatova, listed below are the said “objective(s) of settlement”:
1.1 OC is trying to implement as a precedence a service provider technique across the OneCoin digital fee foreign money.
1.2 OC need sto roll out remittance providers by way of smartphones and has initiated talks with one or a number of operators on this area.
1.3 OC has the intent to foster its company governany constitution and phrases of enterprise with a view to make the corporate match and correct to a partial Commerce Sale or Preliminary Public Providing.
1.4 The Shareholder(s) of OC intend to appreciate the IPO or Commerce Sale inside a timeframe of 18-24 months.
1.5 The events are actively engaged on enhancing reputational and advertising and marketing points to which OC is systematically uncovered, in order to willingly diminish the longer term worth for an IPO.
Given OneCoin was a Ponzi scheme, the said functions are in fact irrelevant from a purposeful perspective. Nonetheless, it’s fascinating to see what Pierre Arens was prepared to purchase into for a pay verify.
Talking of which, the settlement pegs Arens annual wage at €750,000 EUR, paid €62,500 EUR month-to-month.
Arens would additionally obtain
- 1% of internet proceeds from an IPO or sale of OneCoin and
- a assured €5 million EUR fee on the finish of his contract (October 2018).
Arens first paycheck was December 2016.
From December 2016 to March 2017, Arens labored by and was paid by Sandstone SA. A Luxembourg firm run by CEO Frank Schneider.
Schneider would later be outed by Konstantin Ignatov as a key determine in OneCoin’s cash laundering operations.
As per the contract Arens was to be appointed CEO of OneCoin after March 14th, 2017. OneCoin nonetheless didn’t announce Arens appointment till Could 2017.
In trade for turning a blind eye to OneCoin’s $4 billion+ in monetary fraud, Arens was tasked with
- arising with a service provider technique;
- arising with a remittance providers technique and concepts for partnerships (Afrocom is cited as being in negotiations with OneCoin on the time);
- creating operation enchancment the place wanted … to reinforce acceptance of OneCoin within the crypto and banking world, primarily in Europe;
- defining the scope and duties for the compliance division
- figuring out and filling gaps in (the) current group with exterior assets and new hires;
- collaborating actively in assembly on repute enchancment and many others.;
- creating the technique/story on the OneCoin IPO;
- defining a fill/kill action-list with a view of future IPO;
- drafting a white paper (or Masterplan) for optimum timing and approach to tackle monetary markets, detailing intermediate steps and time-frame;
- discussing new merchandise besides remittances and service provider packages;
- figuring out and approaching potential take-over targets to scale back competitors world and strengthen OneCoin’s positiion forward of IPO; and
- becoming a member of OC within the seek for an exterior investor to take over controlling stake in OneCoin.
Curiously sufficient, as per their web site Afrocom
was created in 2009 to help in selling Russian enterprise pursuits within the African continent.
OneCoin and Ruja Ignatova have at all times maintained they’re of Bulgarian origin, albeit working by shell firms all over.
Ruja Ignatova’s hope of promoting off OneCoin additionally by no means materialized. As authorities closed in, Ignatova deserted OneCoin and fled in October 2017.
That very same month Pierre Arens stop his place as OneCoin CEO. This occurred purportedly amidst Arens being on the verge of a psychological breakdown.
To at the present time Arens has not publicly disclosed why he left OneCoin. Nor has he proven any regret to the rip-off’s thousand of victims.
Aren’s employment contract was was signed and executed by each Arens and Ruja Igntova (on behalf of OneCoin) on December ninth, 2016.
The second leak out of OneCoin is Ruja Ignatova’s German passport.
Issued in November 2015, Ignatova’s passport is legitimate until 2025.
From the passport we are able to see Ruja Ignatova is of German nationality, was born in Russe, Bulgaria and turns forty in Could.
Word that that is unlikely to be the passport Ignatova is at the moment utilizing. By way of her underground contacts, Ignatova is believed to have obtained a number of passports.
Undecided if there’s any extra OneCoin doc leaks to come back. If that’s the case we’ll hold you up to date.