If you happen to ever puzzled what daily life was like in a $4 billion greenback Ponzi scheme, Konstantin Ignatov’s witness testimony might be your finest wager.
BehindMLM reader WhistleBlowerFin has graciously made accessible transcripts from Scott’s trial late final 12 months.
Along with his pre-trial testimony and reside reporting from the Interior Metropolis Press, the next testimony is from Mark Scott’s November 2019 trial.
Konstantin Ignatov was questioned by the DOJ and cross-examined by Mark Scott’s legal professional Arlo Devlin-Brown.
I’ve completed my finest to cite the transcript with minimal enhancing. There’s some overlap between Konstantin’s pre-trial testimony and Interior Metropolis Press’ reporting, however I’ve completed my finest to reduce it.
When mixed, I consider all three sources make for compelling studying to anybody who’s been following OneCoin.
OneCoin’s blockchain audit stories have been fraudulent
Regardless of proof on the contrary, OneCoin lengthy held it’s blockchain was audited.
An audit report was made accessible on OneCoin’s web site. Naturally no specifics have been supplied, with the report coming off as little greater than an “every thing is legit” rubber stamp.
As a part of his protection, Mark Scott’s attorneys needed to current the jury with a replica of one of many audits.
The day prior, Konstantin Ignatov testified that the audit report was “fraudulently ready”.
Didn’t Mr. Ignatov testify yesterday that this report was ready, it was fraudulently ready, and it was put up on the web site?
MR. FOLLY: Your Honor, he did.
Notice that the subject of audit legitimacy has come up earlier than, following subpoenaed emails revealing pretend cash have been a part of OneCoin’s fraud.
Regardless of the supplied blockchain audit report being pretend, finally the court docket allowed the protection to confess it as proof (with respect to Scott’s way of thinking, not whether or not the report was authentic or not).
After Ruja Ignatova disappeared OneCoin’s IT employees, cited as “Momchil and Ivan”, confessed to Konstantin ‘that the blockchain just isn’t precisely what it ought to be.‘
Throughout a day of ingesting on the workplace a couple of months later, Irina Dilkinska advised Konstantin that OneCoin had “distributed extra cash than have been mined”.
Dilkinska likened soliciting funding from OneCoin traders to “promoting individuals air”.
Konstantin Ignatov faked contact with Ruja after her disappearance
After Ruja Ignatova disappeared in October 2017, her brother Konstantin took her place as the top of OneCoin.
On this position, Konstantin often claimed to keep up a correspondence with Ignatova. This result in a number of excuses protecting up her disappearance.
In his testimony, Konstantin admitted he lied about having contact along with his sister.
Q. Throughout this time interval (after Ruja disappeared), have been you in contact with Ruja?
A. No.
Q. Did you make representations that you just have been in contact with Ruja?
A. Sure, I did.
I used to be, for instance, presenting at OneCoin occasions, mentioning that I’m nonetheless in contact with Ruja, that she’s nonetheless within the decision-making course of concerned.
Q. Why did you make these representations?
A. In entrance of the community so that everyone thinks that every thing within the firm continues to be going, and every thing is okay.
Q. Who did you make these representations that you just have been nonetheless in contact with Ruja to?
A. To all people besides my mother and father.
After a fraud conviction in Germany, Ruja fled to Bulgaria
About ten years in the past Ruja and her father owned a metallic plant in Germany. The enterprise collapsed because of fraud, and Ruja and her father have been prosecuted.
A. The metallic plant needed to shut down, and afterwards, Ruja and my father obtained prosecuted by regulation. And Ruja obtained ultimately — excuse me — probation due to fraud.
Q. Did there come a time when your father and Ruja have been each charged with legal prices related to that enterprise?
A. Sure, ultimately.
Q. Was the character of these prices involving fraud?
A. Sure.
Q. Are you able to describe what occurred after your father and your sister have been charged with these crimes?
A. My sister went instantly to again to Bulgaria to reside there, and left my mother and father alone in Germany, which led to a variety of dying threats, a variety of violence towards issues that my mother and father have, just like the condo, or the automotive.
In the long run, this led to a really exhausting coronary heart assault of my father, and he grew to become very sick.
Konstantin claims he needed to drop out of college to look after his father.
OneCoin investor dissatisfaction result in Konstantin being kidnapped at gunpoint
Ruja Ignatova’s 2017 disappearance noticed present dissatisfaction amongst OneCoin traders attain fever pitch.
In early 2018 Konstantin began receiving dying threats on his telephone.
In March Ignatov claims he was kidnapped at gunpoint.
in March 2018 after I needed to return to my automotive after working.
Anyone put a gun in my again and I used to be compelled right into a minivan.
Then I used to be taken out to the suburbs of Sofia the place I obtained overwhelmed up, a finger of mine was damaged, and a gun was identified me.
And I used to be advised if Ruja disappeared with the cash, that these individuals would come again and kill me. And if I’m going to the police, that they may reduce a physique half out of me.
Later in 2018 Konstantin
obtained a name from an individual who recognized himself as a high-ranking member of the Hells Angels telling me I’ve to return to Zurich, Switzerland, to reply him and his enterprise companions’ questions. And if I don’t come, he mentioned that this can have a nasty ending for me.
So I went there, the place I ended up with them in a resort room.
Once more, a gun was pointed at me. This time, it was caught into my mouth.
And I used to be advised that I’ve to make it possible for each promise that’s made to them must be fulfilled, and so they advised me that the cash they invested into the corporate is much extra price than my life.
As a part of his plea settlement with the US, Konstantin, his girlfriend and new child shall be getting into witness safety.
After claiming the federal government stole his belongings, Konstantin threw his laptop computer within the trash
When Konstantin landed within the US in late February 2019, he was stopped by border patrol.
Border patrol confiscated Ignatov’s telephone and laptop computer. The laptop computer was returned however they saved the telephone.
Konstantin held on the laptop computer until he obtained to Las Vegas.
A. Once I was in Las Vegas, I put it right into a paper trash bag with different trash objects, and I took it to a trash bin on a busy place within the Las Vegas Strip, and I threw it into the trash bin there.
Q. Why did you try this?
A. As a result of I used to be afraid that any person would possibly discover extra proof connecting me to OneCoin.
In Vegas Konstantin met with OneCoin traders.
Q. What did you do when you have been in Las Vegas?
A. I had some conferences with individuals from the OneLife community. After which I attended two conferences that have been supposed to be about the way forward for e-commerce in the united statesA., however in truth, ultimately it was proven that these people who I met simply needed to implement a brand new Ponzi scheme in OneCoin.
Q. What was the character of the brand new Ponzi scheme they needed to implement?
A. It was known as pump the quantity. And it’s promising the OneCoin members that have already got packages in cash, that their cash will enhance thousand fold in the event that they put some extra money as an funding into the corporate.
On the time Konstantin claimed the three days he spent in Vegas have been “very productive”.
He was arrested a couple of days later as he tried to depart the nation.
Konstantin snitched on Ruja and his mom
As of December 2019 Konstantin had met with the federal government “round 20 instances”.
The conferences have been a mixture of making ready to testify at Mark Scott’s trial, in addition to gathering of OneCoin associated info.
A part of that gathering course of noticed Konstantin snitch on his sister Ruja, and mom Veska Ignatova.
Q. What sort of data did you present the federal government with?
A. In regards to the crimes I dedicated, and each info I had about OneCoin, and the individuals associated and the crimes that have been dedicated in there.
Q. Did a few of these crimes that different individuals dedicated relate to members of your individual household?
A. Sure, to my sister and to my mom.
Veska Ignatova wrote a letter supporting Konstantin’s launch from jail following his arrest. She was instrumental within the operation of OneCoin and stays at giant.
Fernando Rys labored as Ruja Ignatova’s OneCoin cash mule
It’s widespread data that Ruja Ignatova was keen on spending OneCoin investor funds.
Q. What properties did Ruja purchase throughout the time interval between 2015 and 2017?
A. The London penthouse we have been speaking about yesterday. She purchased one other penthouse in Dubai. A mansion in Dubai.
A giant mansion on the seaside of Bulgaria. Massive mansion for her husband in Frankfurt, Germany, and varied mansions in Sofia, Bulgaria.
Outdoors of her actual property empire, Ruja funded purchasing sprees with the help of native cash mules.
Fernando Rys was a OneCoin investor and supervisor of the corporate’s Hong Kong workplace.
He was additionally Ruja Ignatova’s private cash mule when she visited the nation.
A. One time, it was in Hong Kong, I’ve seen Fernando Rys bringing her a backpack full of money.
Q. Are you able to describe what occurred when he introduced that money?
A. It was within the Ritz Carlton in Hong Kong. Ruja advised me that Fernando will come as a result of he owes her some cash.
After which he got here along with his assistant and his bodyguards, and he left there an enormous backpack that was full of money.
Q. Roughly how a lot cash was inside the backpack?
A. It was multiple million Hong Kong {dollars}.
Q. What did Ruja do with the cash?
A. She went purchasing in a luxurious mall.
Q. Was it widespread or uncommon for Ruja to buy groceries? A. It was very, quite common for her.
Q. What varieties objects did she purchase?
A. Garments solely from the most costly designers, a variety of jewellery, however she additionally purchased a variety of vehicles, she had a variety of mansions and a yacht.
Q. You talked about that Ruja would purchase jewellery. Are you aware how a lot any of the jewellery price that she bought?
A. I do know that the most costly objects she owns are multiple million every.
Particulars on Rys are sketchy. His present standing and whereabouts are unknown.
Replace 14th March 2020 – I used to be initially unable to search out something on Rys due to a typo within the filed transcript.
The transcript misspells Rys’ surname as “Rhys”. Utilizing the proper spelling reveals Rys’ OneCoin historical past.
Ruja named her daughter Davina
This tidbit got here courtesy of displays of Ruja’s daughter’s christening occasion.
Q. Mr. Ignatov, do you acknowledge these?
A. Sure, this can be a Christening occasion of Ruja’s daughter Davina in Ruja’s property in Sozopol on the seaside in Bulgaria.
Ruja was fairly keen on the identify, opting to call her Bulgarian yacht after her daughter.
As a part of efforts to guard her daughter, Ignatova bought an armored Lexus.
Q. What sorts of vehicles did Ruja purchase?
A. She had a Rolls Royce, a Bentley, a Porsche, and an armored Lexus.
Q. The final one you talked about was an armored Lexus. Is that proper?
A. Sure.
Q. Did you’ve any conversations together with her about that automotive?
A. Ruja was all the time very afraid that any person would possibly kidnap her daughter.
Neither Ruja or Konstantin invested any of their cash into OneCoin
Not that this could come as a shock, however for all of the discuss of “future of cash” and so forth., seems neither Ruja or Konstantin invested a greenback into OneCoin.
Q. Roughly how a lot cash did Ruja make from OneCoin earlier than she disappeared?
A. Over 500 million.
Q. The place did that cash come from?
A. From OneCoin traders.
Q. Did Ruja make any of that cash by investing herself into OneCoins?
A. No.
Q. Did you make any cash your self by investing into OneCoins?
A. I by no means invested into OneCoin.
Q. Did she ever put money into OneCoins?
A. No.
Certainly one of OneCoin’s authorized rubber stamps might need been tied to intercourse
One of many automobiles Ruja Ignatova used to launder OneCoin investor funds was RavenR.
RavenR had an workplace in London. Konstantin claims the corporate was staffed by
Duncan Arthur, Joanna Allinson, Gary Gilford, Max Bon Arin, Najib Kassis, and two Russian gents, Anton and Anatoly.
Gary Gilford was RavenR’s workplace supervisor. Konstantin claims he was “supervising each venture” and “getting authorized opinions”.
A type of authorized opinions was obtained by means of the regulation agency Hogan Lovells.
Did you’ve any discussions along with your sister Ruja about Gary Gilford and that work with Hogan Lovells?
A. She talked about he obtained both a authorized opinion or a license, I can’t recall utterly. With sleeping with an worker of Hogan Lovells.
The language is a bit odd, however Konstantin appears to be inferring Gilford was sleeping with one in every of Hogan Lovells’ workers.
BehindMLM reader Semjon commented final November that Hogan Lovells’
representatives went to the Sofia workplace, investigated it with “fine-tooth comb”, made some suggestions however finally gave their blessing to OneCoin.
Whether or not Gilford’s alleged relationship performed any half in Hogan Lovells rubber-stamping OneCoin is unclear.
Konstantin additionally recognized Martin Breidenbach (Breidenbach Rechtsanwalte) and Steven Schulenberg (Schulenberg & Schenk) as German legal professionals “she labored with on OneCoin enterprise”.
Each Breidenbach’s and Schulenberg’s companies revealed authorized opinions rubber-stamping OneCoin.
Viktor Rashev, a Bulgarian lawyer, can be cited as being “accountable for Ruja’s properties”.
Sebastian Greenwood made off with over 100 million after Ruja disappeared
In response to Konstantin, Ruja Ignatova stashed “tons of of tens of millions” in flats in Dubai, Hong Kong and South Korea.
Q. Roughly how a lot money was saved in these flats?
A. Tons of of tens of millions.
After Ruja Ignatova disappeared, Konstantin claims Greenwood emptied out Ignatova’s South Korean and Hong Kong flats.
We’re conscious of $7.1 million of Greenwood’s stash being seized in China.
Past that we haven’t heard something since his late 2018 Thailand arrest and reported extradition to the US.
Mark Scott had armed safety throughout his visits to Bulgaria
In 2016 Mark Scott (proper) made a visit to Bulgaria.
Telephone messages between Scott and his spouse Lidia Kolesnikova reveal he was chauffeured round by armed safety.
The primary message is from Scott, Mark Scott to Lidia Kolesnikova. It says: Simply showered. Off to see R.
The response from Lidia Kolesnikova is: Is G there?
Mark Scott writes in response: Within the morning. Nothing but. And G tomorrow.
There’s a query from Lidia Kolesnikova: How is Sofia?
Mark Scott writes: Busy driving to Hilton quickly after which dinner at 8 p.m.
Getting used to driver and safety. I prefer it. After which there look like some emojis beneath that.
Then within the ultimate message from Mark Scott he writes: Humorous how individuals have a look at you that manner.
They’ll’t carry weapons on belt so all of them have a smooth sort of Man purse hanging round their necks with weapons. Everybody know. Even police is well mannered. LOL.
And X6. Cheyenne Turbo S Class. And all the time two guys. Ruja extra. They usually keep outdoors of resort.
As per Konstantin’s alleged assaults, apparently when he took over he wasn’t provided the identical safety.
When issues went incorrect, Ruja Ignatova screamed at individuals on the telephone
Previous to Ruja Ignatova’s disappearance OneCoin had many set backs, most of which we’ve documented right here after they occurred.
In actual time, Ruja Ignatova doesn’t seem to have taken failure nicely.
In a single specific instance remembered by Konstantin;
I heard her screaming on the telephone. I believe it was to Maya Antonova.
And she or he known as, excuse me, my language now, Mark Scott an fool, that he fucked completely up and that he’s ineffective.
This was a couple of months after Scott’s 2016 go to to Sofia, for a gathering held in order that ‘Scott understood every thing that must be or he has to do‘.
Irina Dilsinka sat in on the assembly. She later advised Konstantin it went on for “a very long time”.
Outdoors of OneCoin’s Sofia workplace, Ruja held “essential” enterprise conferences at The Residence.
Q. What’s the Residence?
A. The Residence is one thing like a membership for the wealthy individuals in Sofia the place Ruja all the time preferred to have her enterprise conferences which are essential.
On its web site, The Residence pitches itself as a ‘one in every of a form elite personal membership in Bulgaria‘.
The Residence is an unique personal membership based mostly on the cautious number of its members and the idea of non secular and social communication in a comfy and peaceable setting.
One other occasion noticed both Irina Dilkinska or Maya Anatova (from Onecoin accounting),
getting screamed at from Ruja as a result of cash obtained frozen. I believe it was in Germany.
Mark Scott wasn’t frightened about getting caught
In January 2017 Ruja Ignatova started to fret in regards to the ill-gotten wealth she’d accrued.
On one other go to to Sofia, Scott picked up on this.
Textual content messages between him and his spouse nonetheless counsel, at the least so far as his personal involvement in OneCoin went, he didn’t share Ruja’s considerations.
On January 11, 2017 Mark Scott writes: By the best way, please go searching a bit for funding property. I have to diversify into actual property. Possibly a few locations for 750 to 1.0 mio every.
The next day he writes: In Sofia now, with what seems to be a fireplace emoji. And one other textual content message on the identical date.
Mark Scott writes: We had stuff to debate. I believe she is nervous a little bit and needs to separate up her cash. Doesn’t matter to me child. So long as I make mine.
OneCoin was “useless” after Ruja’s October 2017 disappearance
As recounted by Konstantin;
after Ruja disappeared the corporate was roughly useless. There was no cash left.
And we have been looking for sources the place different corporations that has some funds.
And Irina mentioned that, for instance, there are nonetheless funds with Mark Scott and Amer Abdulaziz.
That is vital as a result of after Ruja disappeared, OneCoin’s high net-winners started to depart the corporate.
People who began up or joined different scams typically trotted out cock and bull tales.
In actuality why they left OneCoin was a lot less complicated; after Ruja disappeared there was no cash in it.
The DOJ gave the leaked presentation to one thing known as “Operation Satellite tv for pc”
Frank Schneider, head of OneCoin’s cash laundering operations, additionally had connections in regulation enforcement.
It was Schneider who tipped Ruja off that she was below investigation.
This was realized through particulars of a DOJ presentation to an up until now undisclosed occasion, being leaked to Schneider.
Up till now we’ve had no particular particulars on who the DOJ gave the presentation to.
As per an electronic mail trade between Schneider and Konstantin (who used the display screen identify “ieatflowers”), the identify of the group the DOJ offered to is “Operation Satellite tv for pc”.
The e-mail reads: Sorry, I answered a little bit too fast. There’s a potential downside with Mark that you have to know.
Once we noticed the displays that the US authorities gave to a global working group known as Operation Satellite tv for pc in January 2017, they recognized targets and goal entities.
The US new about Fenero, the transfers to Eire and presumably additionally the transfers to Dubai.
The displays talked about GA, SG, R, varied buildings and firms, Singapore accounts, and so forth. However there was no point out of MS, none.
The context of the e-mail was what US authorities knew about OneCoin, and suspicion that Mark Scott could be a rat.
I’ve had a search on Operation Satellite tv for pc and haven’t turned up something.
The identify has been utilized in a couple of unrelated investigations, however nothing OneCoin particular.
If I needed to guess “working group” refers to a global joint-task of regulation enforcement who, on the time, have been working collectively on investigating OneCoin.
Konstantin refers to Frank Schneider as a “very nicely related individual (with) informants in every single place.”
As on the time of publication Schneider stays at giant.
Sebastian Greenwood slept with Ruja Ignatova’s PA
Someday between late 2016 and early 2017, Sebastian Greenwood had an affair with Ruja Ignatova’s PA on the time, Denitza Godeva.
Upon studying of the affair, Ruja Ignatova fired Godeva.
I don’t recall Greenwood being married, so I consider it was Godeva who was dishonest.
After firing Godeva, Ignatova approached her brother Konstantin about taking the position.
Ruja advised Konstantin “she couldn’t belief different individuals”.
After interested by it for a bit, Konstantin left his forklift driver place at Porsche to work for his sister.
Ruja purchased Konstantin
garments from dearer manufacturers as a result of she mentioned she doesn’t wish to be embarrassed anymore when (he was) round her mates and enterprise companions.
Ruja Ignatova and Sebastian Greenwood had a “unusual” relationship
It’s no secret Sebastian Greenwood and Ruja Ignatova have been shut.
The pair based OneCoin and, throughout the firm’s heyday, have been seemingly inseparable.
We all know Greenwood was banging Ruja’s PA, however was he banging Ruja herself?
Konstantin doesn’t affirm as a lot, however does state their relationship was “unusual”.
Q. So Sebastian Greenwood and Ruja Ignatova you consider had a romantic relationship in some unspecified time in the future?
A. I don’t know. No person ever advised me.
Q. Nicely didn’t you inform the prosecutors or the brokers that you just believed that they had a romantic relationship?
A. That they had one thing unusual occurring. They known as themselves as soon as brother and sister. You then see them hugging. You then see them holding fingers. You then see them — one another.
No person ever advised me. It’s only a unusual relationship that they had.
Will the thriller of Ruja Ignatova and Sebastian Greenwood’s relationship ever be solved?
Frank Ricketts suggested Ruja Ignatova on how you can evade regulation enforcement
In trade for a high place inside OneCoin, Frank Ricketts bought his pyramid scheme SiteTalk to Ruja Ignatova.
Ricketts additionally owned Worldwide Advertising and marketing Companies (IMS), which was used to launder OneCoin investor funds by means of.
In response to Konstantin, Ricketts helped Ignatova launder cash with the assistance of ‘his enterprise accomplice Kenny Nordland, additionally his spouse‘.
As a part of the SiteTalk deal, Nordlund additionally obtained a soft place inside OneCoin.
Along with aiding with monetary fraud, Ricketts additionally consulted Ignatova on
how she will keep away from regulation enforcement, and the way she will keep away from prosecution.
As a result of Frank Ricketts himself had a variety of issues with prosecutions, however by no means actually obtained in jail for it, and all the time obtained away with it.
Konstantin claims Ricketts was “very proud” to be advising Ignatova on how you can evade authorities.
Ricketts is believed to presently be hiding out in Thailand. His newest gig is the Cloud Horizon Ponzi scheme.
Irina Dilkinska’s post-arrest meltdown
Irina Dilkinska labored carefully with Mark Scott to arrange shell corporations to launder OneCoin investor fund by means of.
After information of Mark Scott’s arrest reached Sofia, Dilkinska (proper) had a meltdown.
A. Possibly once more two days later Irina got here to the workplace, in Sofia, and he or she was panicking loads and he or she advised me that — sorry my language — she’s fucked now.
As a result of she’s in all papers with Mark Scott, and after they obtained him they can even get her.
Q. The place did that dialog with Irina Dilkinska happen?
A. Within the Sofia head workplace of OneCoin.
Q. What was Irina Dilkinska’s demeanor throughout that dialog?
A. She was panicking, she was actually going loopy.
Q. What did she say to you?
A. She mentioned that she’s fucked. And that she’s in all the paperwork with Mark Scott, and that after they obtained him, they can even get her. In order that she’s obtained a variety of issues now.
Q. After this dialog within the OneCoin workplace, did you’ve any extra discussions with Irina about Mark Scott’s arrest?
A. A couple of days later, on the workplace of the regulation agency that’s offering companies to OneCoin, Irina got here in and he or she was once more very panicking, however this time she was very demanding.
And she or he demanded the legal professionals at hand her out all the paperwork of OneCoin so she will discover each doc that she’s in with Mark Scott, in order that she will destroy them like she destroyed the paperwork she had at dwelling.
Q. You referenced that she had destroyed paperwork at her dwelling. What, if something, did she say to you about that?
A. She mentioned that she burned all of them.
Q. What was your understanding of what paperwork these have been?
A. These have been paperwork the place Irina was additionally talked about to be in some corporations with Mark Scott.
Q. What was your understanding of what Irina needed to do with the paperwork that have been on the regulation agency?
A. She needed to undergo all of the paperwork to search out those that she is in with Mark Scott, and I believe she needed to burn them too, like those she did that she had at dwelling.
Q. Did that in truth occur?
A. No. The legal professionals advised her that they moved the paperwork to someplace the place they’ve a secure.
Irina Dilkinska stays at giant. Her present standing and whereabouts are unknown.
Konstantin’s Energy of Lawyer over Ruja Ignatova is probably going pretend
A part of the proof cache collected throughout Konstantin’s arrest, was an influence of legal professional doc pertaining to his sister, Ruja.
To this point I don’t assume anybody has challenged the doc, however how Konstantin acquired it lends itself to being fraudulent.
Q. If you have been arrested the federal government found you had an influence of legal professional from Ruja Ignatova, proper?
A. Sure.
Q. And an influence of legal professional is one thing that offers you rights to do issues that Ruja Ignatova beforehand had rights to do or along with what rights she has, proper?
A. Nicely this energy of legal professional was given to me by Irina Dilkinska and I’m unsure if that is actual.
She advised me that she obtained it through chain of individuals, that Ruja gave it to her.
However in a while I realized that Irina Dilkinska is making an attempt to get our pretend energy of legal professional to Ruja’s cash.
So I don’t know if this can be a actual energy of legal professional and I by no means used it.
Q. So that you consider Irina made a pretend energy of legal professional?
A. She did it earlier than.
Q. When did she do it earlier than?
A. She did it, I don’t know precisely the month, however I used to be advised that she did it to get the cash from Amer Abdulaziz.
It ought to be famous that Dilkinska probably additionally has pretend passports in her possession. A pretend Energy of Lawyer discover isn’t a lot of a stretch.
OneCoin’s cringey “haterz” protection got here from the highest
BehindMLM first sounded the OneCoin alarm in our 2014 revealed evaluate.
Since then we’ve faithfully lined and proceed to cowl OneCoin developments.
When confronted with our analysis, or in truth something suggesting OneCoin is a rip-off, proponents of the Ponzi scheme dismissed it as a result of it got here from “haterz”.
This has develop into a little bit of a cliche, used satirically to preemptively describe how what’s left of OneCoin will dismiss new developments (corresponding to this text).
As Konstantin himself realized, OneCoin’s cringey “they’re simply haterz” tradition unfold high down.
Q. At instances once you have been working there I consider you noticed rumors on web sites suggesting there have been issues with OneCoin; is that proper?
A. Sure.
Q. And also you advised Ruja that in some circumstances that you just had seen this stuff?
A. Sure.
Q. And she or he advised you it’s haters and it’s not actual and what we’re doing is actual, proper?
A. Sure. That is the primary reply I all the time obtained.
Sadly after it collapsed, OneCoin scammers unfold far and extensive.
“Haterz” has develop into the default response when info that’s detrimental to the promotion of scams can’t be defined away.
Regardless of being MIA for 2 and a half years, in some methods Ruja’s legacy lives on.
Konstantin’s plea settlement would possibly spare him extra jail time
Having plead responsible, Konstantin is but to be sentenced.
As revealed in cross-examination, a part of Konstantin’s plea deal is the likelihood the DOJ will submit a “5K Letter”.
Q. And the large benefit of a cooperation settlement is there’s a risk of the federal government writing what’s known as a 5K letter to the choose earlier than sentencing, proper?
A. If I testify honestly, sure.
Q. And the 5K letter offers you a possible, proper, for a a lot decrease sentence?
A. Sure.
Q. You may be sentenced to as little as time served, proper?
A. Sure.
Q. No ensures, after all?
A. No.
Q. It’s as much as the choose?
A. Sure.
As on the time of publication, Konstantin’s sentencing listening to has but to be scheduled.
Replace twenty fifth September 2021 – Mark Scott’s retrial letter movement has revealed that Konstantin didn’t throw away his laptop computer, as alleged above in his witness testimony.
Slightly he gave the laptop computer to Duncan Arthur, who traveled with it out of the US.
Upon travelling to OneCoin’s head workplace in Bulgaria, Arthur handed the laptop computer over to Konstantin’s mom, Veska.