A resident of the city of Meissen has been ordered to compensate victims he lured into the OneCoin Ponzi scheme.
That is the second civil case the person has misplaced, on prime of a felony case filed by Bielefeld Prosecutors.
Meissen is a city of 27,000 within the east German state of Saxon.
From right here, the unnamed particular person recruited a Bavarian man into OneCoin.
The Meissen defendant pitched the Bavarian man on the promise of inserting further recruits below him.
Three names have been initially positioned below him however quickly disappeared.
That by no means occurred and so the Bavarian man was left bagholding round 6000 EUR of nugatory OneCoin factors.
Fairly than settle for his loss the Bavarian man challenged the defendant, which led to the settlement of 3000 EUR in reimbursement.
Of the agreed quantity, the defendant solely transferred again 300 EUR… in nugatory OneCoin factors.
This prompted the Bavarian man to file go well with for losses within the Meissen District Courtroom.
Upon being given the prospect to defend himself in court docket, the defendant didn’t persuade the Choose listening to the case.
The defendant claimed he positioned twelve traders below the Bavarian plaintiff. Nevertheless when pressed he couldn’t show it or present their particulars for verification.
The defendant was additionally lambasted for orchestrating his ruse by a UK shell firm.
Judgement in favor of the Bavarian plaintiff noticed the defendant fined 1800 EUR and ordered to pay again the preliminary ~6000 EUR funding.
That is the second judgment in opposition to the person. The primary noticed him fined 1200 EUR and ordered to pay again round 12,000 EUR.
The sixty-one yr outdated Meissen defendant claims to be bankrupt. OneCoin as a enterprise can also be “operating very badly”, so there’s doubt whether or not the judgments will probably be paid.
Bielefeld prosecutors had additionally filed a felony case in opposition to the defendant , nevertheless it was later suspended pending additional investigation.
The Bielefeld prosecutor’s preliminary investigation led to a raid on OneCoin’s Bulgarian workplaces. The investigation has since expanded to embrace OneCoin founder Ruja Ignatova as a key suspect.
OneCoin itself collapsed in early 2017. Ignatova did a runner with invested funds just a few months later.
Ignatova’s brother and former bodyguard, Konstantin Ignatov, continues to string traders alongside as head of the corporate.