FCA approves OneCoin money launderer for compliance
The UK’s Financial Conduct Authority has approved an individual linked to OneCoin’s money laundering network, for the role of “Money Laundering Reporting Officer”.
On the absurdity scale, this isn’t far off appointing someone who worked directly under Bernie Madoff as head of the SEC.
US authorities are in the process of holding criminals responsible for operating a $400 million OneCoin money laundering network. As alleged in court, part of that network is Maximilian von Arnim.
Von Arnim (right) was well placed within OneCoin’s money laundering network. He traveled to OneCoin’s Bulgarian HQ and had direct access to the company’s executives.
Officially Von Armin worked for RavenR a series of shell companies Ruja Ignatova set up in the UK and Dubai.
RavenR email addresses were used to register OneCoin corporate properties.
At the time of publication US authorities have snared Mark Scott, David Pike and Gilbert Armenta, members of OneCoin’s money laundering network that von Arnim worked with.
Ruja Ignatova has been a fugitive on the run since October 2017. Frank Schneider remains at large.
As opposed to their US counterparts, authorities in the UK have taken no action against components of OneCoin’s money laundering network that operated out of the UK.
In fact instead of rounding up von Armin and other UK based accomplices, the FCA has since approved von Armin for a money laundering compliance position.
On December 9th, 2019, the FCA approved von Armin for the role of Money Laundering Reporting Officer at Fjord Advisors Limited.
Why is this depressingly hilarious?
A Money Laundering Reporting Officer
has a pivotal role to play in ensuring that a firm is compliance with anti-money laundering regulations.
Additionally, they’re responsible for ensuring that, when appropriate, knowledge or suspicion of money laundering is properly disclosed to the relevant authorities.
To really drive home the point; the FCA thought it appropriate to bestow a money laundering compliance role on an individual who worked to launder $400 million dollars as part of a multi-billion dollar Ponzi scheme.
Remember, the FCA is the UK’s equivalent of the SEC. There is no higher national financial authority.
Fjord Advisors Limited is part of Fjord Capital, who on their website claim to be
a London-based private equity investor focused on industrial resource efficiency with two funds under management.
We are dedicated to growing and adding long-term value to our companies by taking a hands-on approach and becoming a strategic partner to the owners and management.
Our team has a long and successful history of working together and brings deep experience in investing, strategy consulting and industrial operations.
Curiously, von Arnim doesn’t mention his involvement in OneCoin or RavenR in his Fjord Capital bio.
Considering von Arnim joined Fjord Capital in 2010, they evidently don’t have a problem with his being part of OneCoin’s money laundering network.
How much Max von Arnim was paid by OneCoin is unknown. Ditto whether he’s a person of interest to US authorities.
Certainly in the UK the FCA haven’t lifted a finger against him.
Mind this is the same FCA that for the most part did nothing while OneCoin worked to steal millions from UK residents.
And when the FCA did finally do the bare minimum (at the behest of the London City Police), all it took was some angry emails to get them backtrack.
Full credit to BehindMLM reader Semjon for doing the leg-work on this story.
I realy hope D. Trump loses the US elactions in the fall, Theres a Huge swamp we need him to drain here in europe….
So word on the street is von Arnim was clearing ~250,000 GBP annually from OneCoin.
WoW!!!! FTW parallel universe have we entered here??
This is bizarre beyond belief! I’d have thought the FCA would do some background checks of some sort, you know, try and match up job history and dates, it’s not like hard these days with the majority of people details being on the web etc. This isn’t the 80s anymore!!
And the choice by von Arnim to effectively present himself to the FCA for a job in the first place is weird too.
Surely if one of the companies you were associated with previously was all round the web as a massive fraud you’d not really want to be knocking on the door of a potential company that ‘could’ be at some point involved in investigations into that company. It makes no sense.
Bit like someone doing a murder, being greatly under suspicion from articles on the web etc and then applying and getting a role as a police officer.
Saying that i guess you do have to keep up the rule of ‘innocent till proven guilty’, but even with that said the whole thing just does not compute.
Altering or bypassing parts of a work history is a huge red flag to anyone, even if you were to wipe shelves in a supermarket!
There is a bit of confusion here. Von Arnim is not working for the FCA. He is registered with the FCA as a compliance specialist working for another operation
I don’t think anyone said he was working for the FCA. He’s been approved by the FCA for a anti-money laundering position.
This implies someone at the FCA did some level of background check on him, ignoring the OneCoin elephant in the room.
Ah! I see, sorry I got the wrong idea and thought he was working for the FCA itself.
If easier just remove my earlier comment then, don’t mind.
All good, it’s constructive discussion.
I found a non-public domain for the upcoming new OneLife platform:
If you have an OneLife account (and good VPN), please go check if you can log in and test it.
Noticed the OneCoin website has been down for a bit too now?
The City of London is an enclave within London itself and its police force exists to protect the interests of the companies which run from this enclave, popularly known as the Square Mile.
The City of London Police giving information on One Coin to the FCA is just a case of buck passing because One Coin’s existence has no impact on the businesses which CoLP represent.
The Financial Conduct Authority is like most regulators in the UK weak and under-resourced and regularly fails to investigate obvious scams which don’t affect the very rich.
A good example of this was London Capital & Finance which offered up to 8% annual returns on supposed bonds. Despite being continually warned over the course of three years that LC&F was a criminal operation the FCA sat on its hands and did nothing until LC&F was on the brink of collapse with the eventual loss of £236 million of investors’ money.
As an aside Andrew Bailey was the Chief Executive of the FCA while the One Coin and LC&F scandals were being played out. He is now the Governor of the Bank of England.
So what you’re essentially saying is… in a few years the FCA will probably appoint Ruja Ignatova as head of enforcement.
I have a degree of sympathy with the FCA, in so far as their scope is pretty limited. If the onecoin activity is outside their purview and he hasn’t been formally accused (let alone convicted) or any crime, it’s a bit tough (Put it a different way if you had a bunch of people pointing the finger at you without any actual criminal charges etc. would you expect your life to be impacted just by rumour etc.)
On the other hand the FCA are pretty useless, the LC&F stuff has been pointed out. Their regulation of Lendy in the P2P market is pretty shocking, where they authorised a company which was pretty much failing, since they believed with authorisation they might be able to turn it around (thus suggesting to both existing and new investors that all was ok, and consequently sitching up both).
I agree with one of the earlier posters, when I first read this it i read it as the FCA themselves had employed the guy, rather than merely not protesting/blocking his role for someone else.
Really though this is why the ongoing coverage of Onecoin is good, it’s easy to forget after all this time that not everyone is as familiar as the average person here.
OneCoin solicited investment running into the billions as part of their securities fraud. The FCA is the primary securities regulator in the UK.
Through Ruja Ignatova and local promoters, OneCoin was also very much active in the UK. This wasn’t a case of US/EU scammers pillaging Africa/south-east Asia.
FCA has been off the ball with OneCoin for years. They have actually REMOVED their warning about OneCoin back in 2017 and told any inquiries had to go to London Metro Police, they are just “sharing” LMP’s concerns.
LMP basically said we didn’t tell them to remove it, they removed it themselves. Even BBC call them out on it.
After pulling out of U.K. racing, Phoenix Thoroughbreds finds itself BANNED in France:
At this rate Abdulaziz is going to find himself boxed into the middle-east.
Seems pretty clear who US authorities need to lean on next.
Yes, this and KJ’s announcement circulating on web claiming the website is down due to upgrades being made is what prompted me to check the domain structure. The new domain indicates that it might even be true.
onelife.eu is still down, but the new “uat.onelife.eu” can be accessed.
Funny that whatever text you enter as your login credentials, it says “username correct” and “password correct” but doesn’t let you in due to an error.
Btw, there are also subdomains “app.onelife.eu” and “stage2.dealshaker.com”, which I’m not sure were there before…
None of the OC-affiliated sites work at the moment. The site that Semjon found doesn’t work with actual Onelife credentials.
But there’s nothing alarming here for onecoiners, it’s totally normal with OC.
Certainly it isn’t something that should be communicated to members in advance. They are just migrating or upgrading something or some other crap that onecoiners believe…
Interesting info about Ruja’s penthouse in Kensington, London!
After Semjon’s excellent discovery we checked the transcripts of Mark Scott’s trial for more info about Maxim von Arnim (also misspelled as Max Bon Arin, Max from Bon Arin, Max von Amim, by the way).
On Page 42 of courtlistener.com/recap/gov.uscourts.nysd.482287/gov.uscourts.nysd.482287.197.0.pdf we found a reference to the address of Ruja’s penthouse:
Note: The reference to street or flat number “23” seems to be incorrect. Although “23 St Mary Abbots Terrace” (or “23 Saint Mary Abbots Terrace”) is an existing address, it for sure does not have a two floor penthouse with swimming pool as described by Konstantin.
Abbouts House is a building without street number at “St Mary Abbots Terrace”, Kensington, London (“St” stands for Saint, not Street). It has its own/dedicated postcode, W14 8NU. The other addresses in St Mary Abbots Terrace have postcode W14 8NX.
During Mark Scott’s trial Konstantin Ignatov gave the following description of this penthouse, see Page 117, courtlistener.com/recap/gov.uscourts.nysd.482287/gov.uscourts.nysd.482287.187.0.pdf
This penthouse was for sale from January 2016 (blurred pictures).
The Asking/Guide price of £ 13,950,000 (GBP) matches with the offer of 13.6 million pounds in above email.
38 pictures, visible after clicking on the “Expand image” symbol below the photo:
We might be crazy, but this really looks like a plate with a picture of Ruja!
The penthouse occupies the complete two top floors of this building, visible in Google Maps:
On the HM Land Registry website (eservices.landregistry.gov.uk) we found the irrefutable proof that the address is correct after searching for House no/name = “penthouse” and Postcode = “W14 8NU”. The connection with Locke Lord (Mark Scott’s former law firm) is self-explanatory:
In 2012 the penthouse was rented by singer Duffy when a fire broke out in the penthouse.
Another 7 April 2016 article about Ruja’s penthouse, with big pictures:
onelife.eu is now displaying “migration page for OneLife 2.0 system”.
So, it’s not over yet..
When the new OneLife 2.0 system is up and running, the “Super Wonder Wheel” will give 50-200% more tokens, according to the announcement today…
That’s like appointing a rabbit to guard the carrot basket and telling him not to eat any.
I’m not so good in ponzi math, how much was 50-200% from zero value…
Thanh shows the new OneLife 2.0 BackOffice on a video. I’m not sure how excited the members will really be when they see this.. The improvements are quite superficial.
It’s intesting to see, will OneLife reset the OneLife euro cash accounts, and try to get the MLM going.
IMO it’s quite impossible to restart the OneLife MLM properly with bonus payments if there’s still hundreds of millions of euros as numbers on the OneLife cash accounts that members can’t withdraw.
Here are screen captures from the OneLife 2.0 BackOffice’s “Block Explorer”. Slightly modified simulator view compared to the old.. Of course no search function in this so called “Block Explorer”..
“word on the street” is not exactly the source or hard hitting fact right?
Well if he doesn’t eat the carrots, then he is either a super trustworthy rabbit or not a rabbit.
perhaps if the “street” is Knightsbridge SW1X 7LX or 6 Slevyka Square, Sofia, your little bunny isn’t going to keep his carrots long and that street is pretty hard.
Remember how the entire Sofia database leaked to the BBC? If the BBC have it, it’s safe to assume it got leaked elsewhere, probably handed over to investigators, or is for sale.
If you know something, go to the authorities and quit blowing smoke.
I wouldn’t post it if I didn’t have confidence in the source.
Just wondering what happens when the “migration” takes place? There’s probably whole lot of OC users, that lost all hope and don’t even follow it anymore. What happens to their coins if they don’t migrate accounts to new system.
Of course the value of the coin is the same in old system and new, big old zero…
Veska Ignatov made her first public appearance at an OneCoin event, machine-gunning a speech from a teleprompter:
She apologized for the “inconvenience caused by some ex-employees of the Company” who were blinded by greed. I naturally assume that most of all Veska was referring to the fruit of her own loins — Ruja and Konstantin — who have caused a great reputational damage to the Company so pure.
She didn’t, however, apologize for raising two such a high-profile criminals.
Veska says the difficulties they have faced have allowed the company to grow “more dynamic and better”. Veska herself embodies that fact, for what could testify more about the OneCoin’s current dynamism than a mafia granny from a a corrupt ex-Soviet satellite, who is at the spotlight not because of her merits and competence, but because she is from right bloodline in a crime dynasty. 😉
She is not the Ignatova they want, but Ignatova they deserve.
@Semjon thanks for the link. What an appalling performance that was.
Transcript of Madam Veska and some points from IT team, published by Onelife Australia on Facebook:
Veska’s come out of the woodwork?
Wow, desperate times call for desperate measures.
Imagine being Konstantin in wit prot watching that video.
edit: JFC the sound team are terrible. The translation is buried for most of the video, I get a Ken Labine level headache trying to decypher.
edit2: Oh there’s a transcript above :D.
Best part of the video: [9:30]
Well that didn’t last long. Just tried to access the FB page to watch the video and got the message it wasn’t available now.
So much for being proud of the speech and the exciting news that was shared they can’t even keep the FB page link active for more than 24 hours. Too funny.
What they nuked it already? Was up a few hours ago when I was putting together that article.
The gruesome thing is that the onCoglioiners are still convinced of the project, constant changes at the top, now they are focusing on India Pakistan and South America, bank account shifts (but millions of dollars), a myriad of open companies, how the hell can you not understand which is a bin.
However, I am convinced that oc is protected by some big fish, but really big, otherwise it would not explain everything.
We all know that the OneCoin scammers in Sofia have always announced a lot – but nothing is working properly or is no longer there!
AurumGoldCoin, CoinVegas, OnePay, OnePayment, OneCoinico, NewDealShaker, OneExchange, XcoinX etc. This is also confirmed by the fraudulent “Captain” Cordel KingJayms James in the last newsletter (part quote):
The “OneLife Network System 2” was officially launched on August 22, 2020.
Of course nothing was ready! The OneCoin fraudsters in Sofia mentioned numerous problems in the newsletter of September 8, 2020.
The so-called “migration” has not yet been completed! In addition, the OneCoin IMAs have to pay 30 euros for every change or correction of personal data – not 30 ONE!
Anyone can quickly check that the migration to OneLife 2.0 did not work out. Every OneLife IMA advertises somewhere on the Internet with its own link under which to register. Three examples out of many:
I wanted to register there, but the pages are completely empty! I’m only looking at a blank page and no error message appears.
For three months the OneCoin fraudsters have been spreading the lie that the new OneLife 2.0 system is ready.
In theory this may be correct, but nothing works in practice! Videos are constantly being uploaded to YouTube to explain how to successfully log into the new system. Here is just one example:
Jonathan Hoyoung Park alone uploaded four videos just for the OneLife 2.0 issues. Total length 1 hour and 42 minutes.
Another proof that the OneLife 2.0 system does not work. Rana Sohaib is a very active OneCoin scammer from Faisalabad, Pakistan.
However, another name is shown in the video: Muhammad Sohaib! On December 18, 2020, he published the following video on his YouTube channel “Onecoin News“:
The phone number of this Pakistani OneCoin scammer:
A recent photo by Rana Muhammad Sohaib:
In the past, Rana Muhammad Sohaib published his videos on this channel: “RS Academy”
He does not advertise the OneCoin scam on his YouTube channel “SOHAIB FOREX” or on his blog sohaibforex.com:
The well-known OneCoin scammer Thanh Duong from Adelaide in Australia also talks about the problems in a short video from yesterday:
Since the switch to OneLife 2.0, the registration links that the OneLife IMAs distributed all over the Internet no longer work. Two examples:
After clicking the links, only a blank page appears.
In addition, it was reported in yesterday’s newsletter that OneLife IMAs have doubled the fee from 30 euros to 60 euros.
This is what Werner Englisch, DealShaker Country Manager Germany and Austria, wrote in a comment under his video from October 11, 2020:
The whole procedure is highly complicated and confusing. In addition, the support only processes inquiries in English and Russian.
Video with Werner Englisch and Christine Frisch:
Who is Christine Frisch? She lives in Germany and can work miracles! Anyone who believes in this nonsense that she offers on DealShaker also believes that OneCoin is a real cryptocurrency.
The miracle cost 2.83 ONE in 2018 and Christine Frisch sold 29 of 30 coupons.
Her contact details for anyone who has problems with their spine:
Veska Ignatova confirms the problems with the faulty OneLife 2.0 system!
OneCoin China reportedly has more than 1,000,000 members.
If they all have to pay 30 euros now, Veska Ignatova can also afford a new handbag from Hèrmes. I recommend the “Birkin” model for 92,500 euros.
Come on, you can’t reasonably expect a company to carry out an update of their website in such a way that their customers can simply continue to use their login information.
It’s perfectly normal that such a process not only requires considerable effort on the part of the customers, but also the payment of an additional fee, not mentioned anywhere in the Terms & Conditions.
What’s more, the OneLife 2.0 update only happened in August. They’ve had less than five months to solve the teething troubles, nobody can work that fast.