One of many extra endearing mysteries surrounding OneCoin is destiny of its two short-lived CEOs; Pierre Arens and Pablo Munoz.
With enter from a OneCoin insider, at this time we go behind the scenes to make clear their abrupt departures.
Each Pablo Munoz and Pierre Arens had been “outdoors recruits”.
They had been figureheads recruited from respectable corporations with established reputations.
They had been there to make the factor look respectable.
Pablo Munoz was appointed OneCoin’s CEO in late 2016.
Munoz as soon as held an govt place at Avon and… properly, that’s actually all anybody appeared to find out about him professionally.
Munoz, a US citizen, operated out of Florida and apparently
is likely one of the most disagreeable folks you possibly can ever meet. He insisted on flying First Class in all places.
Past showing in a number of advertising movies concentrating on South America, publicly Munoz didn’t do a lot for OneCoin.
Other than the entire “being related to a Ponzi scheme” fame killer, it was a great deal for Munoz.
Munoz’s OneCoin CEO stint reportedly noticed him signal a €2.5 million EUR a yr contract.
On Might seventh, 2017, OneCoin held a advertising occasion in Macau.
Munoz was supposed to talk on the occasion however failed to point out up.
Within the lead as much as the Macau occasion, The Gerlach Report claimed Chinese language authorities had been trying to make arrests on the occasion.
This was later confirmed to be a fabrication on The Gerlach Report’s behalf.
On the time although Pablo Munoz was none the sensible, and purportedly terrified by the potential for his arrest.
It spooked Munoz to such an extent, and I’m not making this up, he faked having had a visitors accident with a cement truck on the best way to the airport in Florida!
He claimed he couldn’t stroll, and so forth.
The picture he despatched of the “accident” was shortly discovered on Google Photos the place he lifted it.
Munoz failing to point out on the Macau occasion signaled the top of his tenure at OneCoin.
So far as I do know Munoz was paid out for the remainder of 2.5 million EUR contract. After which he ‘was allowed to fade away‘ quietly.
OneCoin by no means publicly addressed what occurred to Munoz.
I feel he knew every part wanting again. And he’s a US citizen and resident.
On the Macau occasion Munoz was purported to attend, Pierre “Pitt” Arens was named OneCoin’s new CEO.
Arens, a banker from Luxembourg no one’d heard of, additionally didn’t have a lot of an impression at OneCoin.
Each Arens and Munoz realized very early on that Ruja was not possible to work for. Additionally they each clashed with Irina (Dilkinska).
Each had been stunned that they couldn’t get something answered.
Once more, past showing in a number of OneCoin advertising movies, Arens didn’t seem to do a lot for OneCoin publicly.
Arens was clueless. He delegated every part.
Irina finally refused to talk to him. He’d seem on movies and at occasions and have his image taken and that was about it.
He has fairly a superiority complicated. I assumed he appeared to resent being this profitable Luxembourg banker and having to report back to Bulgarians.
He’d do issues like inform random members of the workplace to make him a espresso or fetch him a sandwich.
He began asking questions and shortly grew to become unpopular with Ruja.
A number of months into his appointment, Arens was purportedly on the verge of a psychological breakdown.
Pitt’s paranoia was excessive.
He’d complain that the authorities are onto him as a result of it was taking longer to have his passport checked, he although he heard folks in his backyard at night time, and so forth.
Ultimately simply earlier than Ruja went lacking, Arens had what I feel was a panic assault at an airport. Some declare it was a coronary heart assault.
(eliminated) apparently claims that Arens and (Muhammad) Zafar bought right into a bodily altercation simply earlier than that. I can’t verify that.
Like Munoz, Arens was initially on a €2 million EUR annual wage.
Earlier than he give up in October 2017, Arens reportedly demanded
his annual wage … be greater than doubled, due to the stress, threat and reputational harm.
(When) he left (he) refused to return his $120 cell phone and sulked that the corporate ‘owed him cash’ when he bought a name to return the cellphone, and the $ 100 laptop computer with the most affordable laptop computer cowl they may discover at Argos.
OneCoin in fact didn’t announce Arens’ departure. As a substitute it was revealed by an interview by native media in Luxembourg.
HQ additionally has a tradition of “you don’t say something”.
When an individual is gone, it’s like they by no means existed. It’s as if all the senior leaders have left by no means had been there.
Pablo and Pitt are lengthy forgotten. No person discusses Ruja both, and undoubtedly not Momchil (Nikov) nor Irina.
All up Arens was OneCoin’s CEO for about 5 months. Whether or not he acquired his full €2.5 million EUR contracted wage is unclear.
A yr later (Arens) despatched a lawyer’s letter of demand to HQ.
No person was going to take it significantly.
Since leaving OneCoin, neither Munoz of Arens have made public appearances in any skilled capability.
Presumably on the market someplace having fun with their hundreds of thousands, each males have dropped off the face of the Earth.