Charge sheet filed against arrested Indian OneCoin scammers
To ensure six top Indian OneCoin scammers arrested in April do not post bail and flee, the Mumbai EOW filed a charge sheet against the accused last week.
“We have filed the primary charge sheet so that the accused who are in custody do not get bail.
Of the total 22 accused, six are in custody, while others are on bail.
The 60-day period to file the charge sheet was nearly over for the four key accused,” Deputy Commissioner of Police (Crime) Tushar Doshi said.
Arrest warrants were issued for six additional affiliates a few weeks ago, with all six still on the run.
So far the EOW have managed to freeze nineteen of the thirty-one bank accounts OneCoin laundered stolen investor funds through. Total seized funds currently stands at $3.87 million USD.
Despite the first arrests occurring over two months ago, OneCoin management are pretending nothing has happened. To date the company has failed to address the arrest of its affiliates in India.
In contrast, after OneCoin CEO Pierre Arens told Vietnamese affiliates the government had issued the company a license, a document was distributed to OneCoin affiliates for circulation.
The document cited OneCoin’s granting of a license through Trident Crypto Academy, one of the of the plethora of shell companies OneCoin hides behind.
The Vietnamese government was quick to identify the document as a forgery, which was picked up extensively by local and international media.
In response to their CEO being caught out, OneCoin issued a boilerplate warning to its affiliates.
Where they can, OneCoin tend to palm off regulatory action against the company onto their affiliates.
Where this is not possible, such as the arrest of OneCoin affiliates in India for promoting a Ponzi scheme, management keep silent.