US authorities have arrested a second OneCoin cash launderer, David R. Pike.
Pike labored with convicted OneCoin cash launderer Mark S. Scott. He was apprehended after mendacity to federal brokers about laundered OneCoin cash.
Final December David Pike attended a gathering with FBI, IRS and DOJ.
Throughout the assembly Pike was queried on $400 million Scott laundered for OneCoin, by means of “personal fairness funds that Pike helped to handle”.
When requested whether or not he was conscious the funds had been tied to OneCoin and/or belonged to Ruja Ignatova, Pike denied having any data.
The DOJ assert this was a lie.
In reality and truth, Pike was conscious that the cash belonged to Ruja Ignatova and that it was derived from the OneCoin multi-level advertising scheme.
An FBI agent identifies Pike as COO of the notorious Fenero Funds, a sequence of shell firms Mark Scott set as much as launder OneCoin investor funds by means of.
Scott, who’s dealing with fifty years in jail for his position in OneCoin, was CEO of Fenero Funds.
In response to the FBI agent, on the day of Scott’s arrest (September fifth, 2018), Pike confessed he
knew that the cash transferred into the Fenero Funds belonged to Ruja Ignatova, the principal chief of the OneCoin fraud scheme.
PIKE additional admitted that the entire cash was to be returned to Ignatova sooner or later.
Emails collected as proof additional help Pike knew the cash he and Scott had been laundering was tied to OneCoin and Ignatova.
As referenced above, in a subsequent December assembly, Pike then denied any data of the supply of the laundered funds.
In response to proof collected by US authorities through the course of their investigation, Pike began working with Scott on or round March 2016.
Pike’s efforts to launder OneCoin funds started together with his appointment as a director of MSS Worldwide Consultants, a shell firm Scott arrange for Ruja Ignatova.
Via MSSI BVI, DAVID R. PIKE, the defendant, and Mark Scott operated a sequence of purported personal fairness funding funds, together with Fenero Fairness Investments L.P., Fenero Fairness Investments II, L.P., Fenero Monetary Switzerland L.P., and Fenero Fairness Investments (Cayman) I, L.P., (collectively, the “Fenero Funds”).
PIKE and Scott established financial institution accounts at banks within the Cayman Islands for every of the Fenero Funds.
In his first interview following Scott’s arrest, Pike revealed he
and Scott had been answerable for managing roughly €450 million within the Fenero Funds.
Ruja Ignatova was the final word helpful proprietor of the cash transferred into the Fenero Funds.
In different phrases, the entire cash belonged to Ignatova.
Following closure of the Fenero Funds, Scott returned the €450 million laundered to Ignatova. She took the cash and disappeared in October, 2017.
In distinction to the $50 million Scott obtained for laundering OneCoin funds, Pike was paid simply $1.2 million.
He would inform US authorities on the December assembly that he solely obtained $3500 a month.
As mendacity to federal brokers is a criminal offense, a warrant was put out. Pike was arrested in Florida on August thirtieth.
On September twelfth Pike was launched on a $500,000 private recognizance bond, plus strict journey restrictions.
To date the DOJ has requested two continuances with respect to submitting an indictment towards Pike.
The second was made on November thirteenth and requested an extra 30 days continuance.
The said cause for the request was ongoing discussions concerning ‘prices that may be introduced on this case’.
Later the identical day the DOJ’s second continuance request was granted, pushing again Pike’s indictment deadline to December thirteenth.
Keep tuned…
Replace eighth February 2020 – On February sixth the DOJ lastly filed David Pike’s superseding indictment.
Replace twentieth October 2021 – Pike’s plea management date was lastly held on October nineteenth.
As per a filed Consent Preliminary Order of Forfeiture, Pike will give up $2.09 million as a part of his judgment.
Replace 2nd March 2022 – On March 1st David Pike was sentenced to 2 years probation.