OneCoin @ BehindMLM

Success Factory is a marketing spinoff for DagCoin, a OneCoin clone launched by former investor Nils Grossberg. DagCoin collapsed earlier this year, leaving investors bagholding yet another worthless Ponzi coin. To keep the grift going, Success Factory pivoted to automated forex trading. Thus far this has failed to gain traction outside of recruitment in a [Continue reading…]

Back in 2020 payment processor ePayments announced it was the subject of a freeze order. The freeze order was issued by the FCA, tying up over £100 million in client funds. Those funds are still frozen. Now ePayments has announced it’s shutting down.

OneCoin money launderer Christopher Hamilton will be extradited from the UK to the US.

Gilbert Armenta was indicted on OneCoin fraud charges in July 2017. He pled guilty to the charges in April 2018. Originally held in prison awaiting sentencing, Armenta was released on compassionate grounds in late 2020. Since then Armenta’s scheduled sentencing dates have been continuously pushed back. The official and now oft repeated reason for Armenta’s [Continue reading…]

If you’re new to OneCoin through the FBI adding founder Ruja Ignatova to their “most wanted” list, it might come as a surprise to learn the Ponzi scheme is still very much active. Given safe-harbor by corrupt Bulgarian officials, OneCoin still maintains its executives offices in the capital Sofia. These are same offices Ruja Ignatova [Continue reading…]

The FBI has added OneCoin founder Ruja Ignatova to their top ten most wanted list. US authorities have put up a $100,000 reward “for information leading to (her) arrest”.

Two OneCoin money launderers in the UK are fighting extradition to the US. Christopher John Hamilton and Robert McDonald are adamant if they have a case to answer to then it should be in the UK.

Last week OneCoin revealed they would be accepting tether through CoinPayments. Two days later the payment processor announced it had dumped the Ponzi scheme.

Sebastian Greenwood and the DOJ have reached an agreement on his OneCoin trial scheduling. As per a letter motion filed on June 21st, a May 2023 trial date was requested.

Frank Schneider is believed to have been indicted in the US on, among other things, money laundering charges. Currently awaiting a decision on his extradition to the US, Schneider also just admitted to money laundering for OneCoin.