OneCoin

Two OneCoin promoters have been arrested in Singapore, on the fees associated to “pyramid promoting”. In accordance with a report by Rachel Mui from the Enterprise Occasions, the arrests are the primary of their variety in Singapore. The Business Affairs Division has said that OneCoin is a “fraudulent cryptocurrency”. Native residents participated within the scheme […]

Years of Ponzi scamming via OneCoin is catching up with scammers. Following information of €400,000 in tax fraud in Romania, now OneCoin associates are being arrested in Finland for a similar crime. Reporting taxes on ill-gotten positive factors presents as a dilemma for Ponzi scammers. Specifically, the right way to declare sudden riches with out

Following detainment after his arrest in California, OneCoin’s Konstantin Ignatov has been transferred to New York. Ignatov is at present an inmate on the Metropolitan Correctional Heart. Along with quelling OneCoin social media nonsense that the DOJ had dropped its case (Konstantin was off the radar for just a few days whereas he was being

OneCoin associates in Romania have attracted the eye of authorities, who wish to get well €400,000 in unpaid taxes. The anti-fraud division of the Nationwide Company for Fiscal Administration (ANAF), has recognized 7.59 million RON ($1.8 million USD) collected by OneCoin associates. The invested funds had been laundered out of Romania by the associates. Quite

The DOJ has secured the detention of Konstantin Ignatov, pending his going through prices in New York. Ignatov, appearing head of OneCoin, was arrested in California on an out of district fugitive warrant final week. In in search of Ignatov’s detention, the DOJ argued that no situation or mixture of situations will cheap guarantee the

The specifics of Ruja Ignatova’s OneCoin exit-scam are coming collectively. The most recent piece of the puzzle is the revelation that Ignatova was initially indicted again October 2017 – across the similar time she “went on maternity go away”. Nonetheless unclear is strictly when US authorities started investigating OneCoin and Ignatova. What we do know

The case towards the primary of OneCoin insider to fall, Mark Scott, is slowly progressing in direction of trial. At current there’s a little bit of a standoff relating to an agreed trial date. The DOJ desire a trial on or round September 2019. Mark Scott’s attorneys need July. The courtroom has beforehand ordered the

Over the course of the DOJ’s investigation into OneCoin, the division issued a number of subpoenas. A few of these subpoenas pertained to electronic mail proof, the publication of which has supplied revealing perception into OneCoin’s operation. Under are excerpts from emails and different sources of knowledge obtained by the DOJ. Under, I’ve categorized the

Earlier than OneCoin collapsed, Konstantin Ignatov is believed to have labored as private bodyguard for his sister, Ruja Ignatov. Ruja Ignatov was the general public face of OneCoin, whereas Ignatov lurked within the shadows. Following Ignatova going into hiding on or round mid 2017, Konstantin was thrust into the highlight. Awkward on stage and poorly