As I’m used to protecting US authorized proceedings, how indictments play out in Germany is somewhat unusual. However bear with me.
Final November three OneCoin cash launderers have been indicted. These indictments have now been authorised by a District Court docket in Munster, paving the best way for a prison trial.
Two of the indicted defendants are cited as “homeowners” of IMS Worldwide Advertising and marketing Providers.
IMS accepted funds from Onecoin traders and forwarded them to accounts all around the world.
By offering accounts and receiving funds from Onecoin clients, the defendants supported the Onecoin fraud.
Along with offering fee companies with no allow, the 2 homeowners are additionally accused of aiding and abetting fraud in a very critical case.
These two defendants are represented by the infamous regulation agency SBS Authorized (previously Schulenberg and Schenk).
Schulenberg and Schenk gained notoriety after they rubber-stamped OneCoin’s Ponzi scheme in 2015.
Named associate Stephan Schulenberg has represented OneCoin in Germany and is believed to have acted as Ruja Ignatova’s private lawyer.
IMS and all its related shell firms are a part of Frank Ricketts’ cash laundering empire.
Ricketts was final tied to Corsair Group, a Ponzi scheme with roots in Cloud Horizon, a failed Ponzi scheme Ricketts began after OneCoin.
Ricketts final identified whereabouts was Thailand. He stays at massive.
The third suspect is an unidentified Munich lawyer.
He’s accused of getting moved 20 million euros to London so {that a} London regulation agency may use the cash to purchase property there.
In different circumstances he’s stated to have moved 75 million to the Cayman Islands to put money into funds, based on a spokesman for the courtroom.
We imagine the lawyer referenced is Munich lawyer Martin Rudolf Alexander Breidenbach.
By way of the defunct Munich agency Breidenbach Rechtsanwalte, Breidenbach revealed the infamous 2014 OneCoin authorized opinion.
BehindMLM has beforehand lined Breidenbach’s involvement in OneCoin, which incorporates standing in as a Director for no less than one OneCoin shell firm.
Studying between the traces, that is Ruja Ignatova’s luxurious UK condominium.
A spokesman for the courtroom says he expects the proceedings to be opened after the summer season, however a particular date has not but been set.
The trio are dealing with expenses associated to laundering over 300 million euros linked to OneCoin.
Whereas OneCoin cash laundering circumstances within the US have been a slam-dunk, the result of the German case is up within the air.
Stephan Schulenberg beforehand managed to get two OneCoin scammers in Germany acquitted.
For those who’re , BehindMLM reader Semjon offered us with a transparent image of the authorized course of the case goes by.
Court docket approval means the “intermediate proceedings” stage is over. We’ve now progressed to the “major proceedings” part.
“After summer season” places us at someday after August. Keep tuned…
Replace 18th September 2021 – The trial of Frank Ricketts, Manon Hubenthal and Martin Breidenbach has begun.