Fourteen promoters of the OneCoin Ponzi scheme have been indicted by Italy’s Guardia di Finanza.
The indictments have been filed in Bolzano, a metropolis in Italy’s South Tyrol province.
Sadly the names of these indicted haven’t been launched.
What we do know is the suspects have been charged with
crimes of aggravated fraud, unlawful dissemination and promotion and pyramid promoting of digital cash, unlawful assortment of financial savings and monetary unlawful, all with the annoying circumstance of transnationality.
Italian authorities have recognized round 3700 OneCoin victims in South Tyrol, who collectively misplaced over 5 million euros.
We additionally know the Guardia di Finanza’s investigation targeted on the infamous Steinkeller brothers, who “supplied help” to OneCoin founder Ruja Ignatova.
Christian, Aron and Stephan Steinkeller deserted OneCoin shortly after it collapsed in early 2017.
The brothers headed up the “One DreamTeam” Onecoin group of promoters, netting them round $2.5 million {dollars} a month on the time.
In late 2019 the Steinkeller’s returned with Planet Affect, an setting themed MLM alternative.
Planet Affect’s web site continues to be up however the firm’s official Fb web page was deserted in April 2020.
After leaving OneCoin the Steinkellers, initially from South Tyron, fled to Dubai. Dubai doesn’t have an extradition treaty with Italy.
For that purpose and extra, Dubai is at present the MLM rip-off capital of the world. The town is a safe-haven for MLM scammers on the run from regulation enforcement.
Of the remaining suspects indicted, we all know that ‘9 from South Tyrol and 1 from Veneto’.
Together with the Steinkellers that’s 13, suggesting Ruja Ignatova herself may be the fourteenth indictee.
Ignatova disappeared in late 2017. She is believed to both be lifeless or being harbored in Russia or the UAE.
Italy started its crackdown on OneCoin in late 2016. Simply earlier than the New 12 months, the AGCM issued an injunction, successfully banning promotion of OneCoin throughout Italy.
In February 2017 OneCoin was declared a pyramid scheme and formally banned in Italy.
Three months later the Steinkeller brothers, head of the most important Italian OneCoin group, deserted the rip-off and fled.
Following non-compliance with the ban, the AGCM fined OneCoin 2.5 million euros in August 2017.
Regardless of the positive, promotion of OneCoin continued in Italy. In July 2019 Italian OneCoin promoters held an occasion in Verona.
The occasion was coordinated by way of the Fb group IMA – Italia Indipendent Advertising and marketing Affiliation Italia.
In accordance with promotional materials, the Verona occasion was run by Simon Le, Habib Zahid and Italian OneCoin promoter Luca Miatton.
Admins of the Italia Indipendent Advertising and marketing Affiliation Italia embody Marco Agnelli, Nicola Giarcuni, Renato Zin, Luca Miatton, Patrizia Testagrossa, Alessio Mitta Miatoon, G Nithihayah Oliva and Marco Barbagello.
Italian authorities arrested a number of attendees as they boarded planes out of Italy after the occasion.
After the Steinkeller OneCoin period and subsequent squandering of their downline by Stefan Liback, Luca Miatton emerged as head of OneCoin in Italy.
Miatton (proper) has a historical past of deception with respect to promotion of OneCoin.
In April 2020 Miatton was caught mendacity about an alleged pay as you go MasterCard partnership between OneCoin and Soldo.
In Could 2021, Miatton was once more caught mendacity about cooperation between OneCoin and the Ukraine authorities.
On his private Fb web page, a July thirty first video submit reveals Miatton selling OneCoin at a resort in Italy’s north.
Whether or not Miatton is likely one of the fourteen OneCoin promoters indicted is unclear.