OneCoin

Muhammad Zafar, considered one of OneCoin’s prime earners, has been arrested in Pakistan. Zafar is going through fraud prices in relation to his promotion of “OneCoin and others”. Zafar, higher often known as “Dr. Zafar” inside OneCoin, was reported to authorities in August 2020. The grievance result in a First Data Report (FIR), filed on […]

After 4 years of actually doing nothing, BaFin are investigating a German OneCoin promoter’s web site. BaFin, Germany’s high monetary regulator, introduced their investigation through an April twentieth discover. onecoin-pfalz.de: BaFin is investigating the operator of the web site The content material of the web site justifies the idea that the operator provides unauthorized banking or monetary companies or fee companies

Frank Schneider, a key determine in OneCoin’s cash laundering operations, has been arrested in France. Schneider can be believed to have tipped off Ruja Ignatova concerning the FBI investigation, resulting in her disappearance. Schneider (proper) was needed by authorities within the US for his position in OneCoin, a $4 billion greenback Ponzi scheme. Along with

In an endorsed memo filed on March 18th, convicted OneCoin cash launderer Mark Scott has requested his sentencing be delayed indefinitely. Scott’s cited cause for requesting an indefinite delay is ongoing “medical exams and procedures”. Mr. Scott is present process a collection of medical exams and procedures. Mr. Scott requests that the Court docket adjourn

OneCoin CEO Konstantin Ignatov is scheduled to be sentenced on Might 14th, 2021. Within the meantime, a January twenty eighth filed look bond reveals Ignatov has been launched on a $500,000 surety. On the floor, a half million bond appears a bit low for prison fees regarding a $4+ billion Ponzi scheme. Since his arrest

Following Ivonne Ortiz’s 5 yr jail sentence, OneCoin held a OneLife DealShaker occasion in Ecuador. Talking on the occasion was Raul Pazos Medina, who spent thirty minutes shouting at traders in attendance. The latest Ecuadorian DealShaker was held final weekend on February twenty first. Footage of the occasion reveals an indignant Medina ranting and raving

By means of an online of economic mismanagement and corruption, officers of the Samoan Unbiased Seventh Day Adventist church in New Zealand stole hundreds of thousands from its congregation. Numerous the stolen cash was pocketed by the officers themselves. The remainder was  ploughed into OneCoin and different fraudulent funding schemes. Investigations into SISDAC started in

A OneCoin promoter in Ecuador has been sentenced to 5 years in jail. Ivonne Ortiz was a outstanding promoter of the OneCoin Ponzi scheme in Ecuador. Ortiz featured in official OneCoin advertising and marketing materials, showing to be fairly excessive up the meals chain.Advertising and marketing materials that includes Ortiz dates again to 2016, that

A second OneCoin promoter in Singapore has been sentenced to 6 months in jail. Terence Lim Yoong Fook can even must pay a $210,000 SGD ($158,603 USD). Fook was arrested final yr on prices associated to pyramid promoting. He was convicted in November and sentenced earlier this week. Fook’s co-conspirator, Fok Fook Seng (aka Fred