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.

Pike’s 2020 superseding indictment detailed four instances of fraud across one count of conspiracy to commit bank fraud.

As per the filing, the $2.09 million judgment amount represents

the amount of proceeds traceable to the commission of the offense charged.

The order was signed off on by Judge Ramos at the October 19th hearing.

Looking forward, a sentencing date has yet to be scheduled.

It’s anticipated, in addition to his $2.09 million forfeiture judgment, that Pike will spend time in prison.

BehindMLM tracks OneCoin sentencing dates in a separate regularly updated article.