OneCoin @ BehindMLM

Veselina Valkova trying to cash in on OneCoin notoriety

When Ruja Ignatova disappeared in late 2017, her brother Konstantin Ignatov took over as CEO of OneCoin. When Konstantin was arrested in March 2019, Veselina Valkova stepped up to run OneCoin.

Sebastian Greenwood used illegal cell to move OneCoin millions

The DOJ has recovered around 20 GB of data from Sebastian Greenwood’s seized prison phone. To date there’s been no indication what that data entails, or what Greenwood was up to. Now Jon Levy, an attorney representing several OneCoin victims, provides insight into what Greenwood’s phone was used for.

Frank Schneider released pending OneCoin extradition decision

In what may wind up being a predictable judicial mistake, Frank Schneider has been released to home detention. Schneider will be subject to 24/7 monitoring and home confinement, pending a decision on extradition to the US on January 19th.

Bulgarian government petitioned over OneCoin inaction

An attorney representing several individuals with claims against OneCoin, has petitioned the Bulgarian government.

OneCoin and OneLife domains suspended, under investigation

EURid has taken action against a few of OneCoin’s more prominent website domains. Affected domains include Onecoin, OneLife, OneAcademy and OneEcosystem.

Why OneCoin’s Konstantin Ignatov travelled to the US

Was it ignorance, a false sense of security, stupidity, or a case of all three? There has been a lot of speculation why Konstantin Ignatov, then CEO of OneCoin, travelled to the US in March 2019. The ill fated trip culminated in Ignatov’s arrest at Los Angeles International Airport. Today BehindMLM can reveal Ignatov confidentally [Continue reading…]

Judge suggests Frank Ricketts pleads guilty in OneCoin trial

The Judge hearing Frank Ricketts’ OneCoin trial in Germany has suggested he plead guilty. The recommendation was made after the Judge heard evidence against Ricketts, and on the basis a confession in the early phase of a procedure could have a mitigating effect. If it comes later, it melts down to a very small part.

FTC sends 379 MLM companies deceptive/unfair conduct notices

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]

David Pike pleads guilty to OneCoin fraud, $2 mill judgment

OneCoin money launderer David Pike has pled guilty to one count of bank fraud. As per a Consent Preliminary Order of Forfeiture, presented at Pike’s October 19th plea control hearing, he is also subject to a $2.09 million dollar judgment.

New fake Ruja Ignatova video targets Chinese speakers

The OneLife Earth scammers have released a new DeepFakes Ruja Ignatova video, this time targeting Chinese speakers.