Gilbert Armenta’s OneCoin fraud indictment
Gilbert Armenta, a resident of Florida, was a key figure in OneCoin’s money laundering operations.
He has also been romantically linked to OneCoin’s founder, Ruja Ignatova.
On September 12th, 2017, Armenta was indicted by a Grand Jury on three counts of extortion; conspiracy to commit extortion, attempted extortion and travel act extortion.
Armenta was arrested in Connecticut the following day on September 13th.
As per proceedings held in New York on September 18th, Armenta’s bail was set at $5 million dollars.
Armenta (right) was ordered to stay in Manhattan with a 6pm curfew and GPS monitoring. His passport and those belonging to his adult children were also surrendered.
Armenta’s initial plea to the criminal charges against him was not guilty.
On January 24th 2018, the DOJ filed a superseding indictment adding additional criminal charges.
Armenta now faced five counts;
- conspiracy to commit wire fraud;
- conspiracy to commit money laundering (three counts); and
- conspiracy to commit extortion.
As alleged by the DOJ;
Gilbert Armenta assisted in the execution of the OneCoin scheme by, among other things,
(a) coordinating the opening of OneCoin Ltd. depository bank accounts … at banks located in Mexico and South America;
(b) establishing and administering OneCoin “pool accounts” at various international banks;
(c) introducing one or more principals of the OneCoin scheme to an online reputation company for the purpose of removing from the internet negative information about OneCoin Ltd.;
(d) transmitting OneCoin Ltd. fund to pay recruitment commissions to OneCoin members who recruited new OneCoin members, as well as to pay refunds to dissatisfied OneCoin members; and
(e) transmitting OneCoin Scheme proceeds through bank accounts located in the United States and abroad, and making various misrepresentations to banks regarding the source of the funds, for the purpose of laundering the OneCoin scheme proceeds.
With respect to extortion, the DOJ alleged
Armenta agreed with others to use threats of physical harm to attempt to collect payment through international wire transfer from an individual in the United Kingdom who they believed had stolen business proceeds originally intended for international wire transfer.
The individual in question is not named.
The same day the superseding indictment was filed, Armenta pled guilty to all five counts.
We know through testimony that Armenta opted to cooperate with the FBI following his arrest in September 2017.
Nothing was filed in Armenta’s case from March 27th, 2018 till April 2020.
On April 29th 2020, the DOJ requested Armenta’s case be unsealed. I believe this signaled the end of his cooperation with US authorities.
On May 29th Armenta’s sentencing was scheduled for July 23rd.
Citing COVID-19 and claiming he was suffering from “uncertainty and stress”, on July 7th Armenta requested his sentencing hearing be conducted via video conference.
The uncertainty and stress that Mr. Armenta and his family have been living with has been agonizing.
Mr. Armenta has been in home detention for over three months, following eight months in detention at the Metropolitan Correctional Center (the “MCC”).
Further delaying his sentencing, possibly indefinitely depending on the pandemic’s progression, only exacerbates the anxiety and torment that Mr. Armenta is experiencing.
This letter to the court revealed that in July 2019 Armenta was remanded back into custody. The DOJ allege Armenta violated his cooperation agreement.
In December 2019 the DOJ informed Armenta they would not be providing him with a Section 5K1.1 letter.
A Section 5K1.1 letter states to the court that because
the defendant has provided substantial assistance in the investigation or prosecution of another person who has committed an offense, the court may depart from (sentencing) guidelines.
Because of his own actions Armenta’s cooperation with US authorities, as far as his own self interests went, was for naught.
The DOJ responded in opposition to Armenta’s motion the same day.
The DOJ revealed that with respect to violating his cooperation agreement, Armenta had
used his companies to engage in additional criminal activity while subject to the terms of a cooperation agreement with the Government.
In their argument against a video conference hearing (which increased the probability of the scheduled date being kept), the DOJ argued
there are no specific reasons that sentencing in this case cannot be further delayed without serious harm to the interests of justice.
The complexity of the case in support of an in-person hearing was also brought up.
On July 8th the court denied Armenta’s video conference request.
The application is denied. Defendant provides no specific reasons to find that further delay would cause serious harm to the interest of justice.
Armenta’s is currently scheduled for in-person sentencing on October 21st, 2020.
Stay tuned…
Don’t suppose anyone has a OneCoin related photo of Armenta?
There’s one guy that pops up on LinkedIn in FL but I’m not sure it’s the same guy.
Does he have tattoos covering most of his neck? A Google image search for his name yields several shots of this guy…
images.app.goo.gl/G4QASNqMqPb2pvGx8
…often shown looking cozy with Ruja. He looks a bit young to have adult children, but at my age, everybody looks young, so…
Nah that’s her brother Konstantin.
It’s this guy:
fatesgroup.com/en/leadership.html
I remember that somebody claimed to have seen Armenta in a YouTube video of a OneCoin event (maybe Ruja’s birthday party).
Armenta’s connections are visible here: corporationwiki.com/p/2jz1xf/gilbert-armenta
Most striking match is “One Eux, LLC”. Unfortunately onecoinscam.info is down, but the complete archived contents are still available on web.archive.org.
This list of Bank Accounts contains a reference to the One EUX, LLC Bank Account at TD Bank, that was used for money laundering:
NOLINK://web.archive.org/web/20200203074543/https://onecoinscam.info/bank-accounts/
Armenta’s LinkedIn contains a similar picture:
linkedin.com/in/gilbert-armenta-5a6390a5/
Gilbert Armenta can be briefly seen at 1:02 timemark of this official 2015 OneCoin Macau event video, sitting in the table with Ruja Ignatova and Sebastian Greenwood:
youtube.com/watch?v=vs2orYsq_UA
(two jailbirds and a chicken)
P.S if some has a complete hig-res video of that event, it would be great to upload it. It might provide better shots of Armenta and other key figures who were at that event.
P.P.S Who is the bearded man shown at 1:10-13 timemark? He was sitting in the same VIP-table with Ruja, Seb and Armenta, but doesn’t seem to be promoter. So possibly some shadowy background figure akin to Armenta…
Thanks for the confirmation. Same guy as on LinkedIn and running Fates Group.
Thanks Semjon, that’s the video I meant.
It’s Gilbert Armenta for sure, clear match with the fatesgroup.com and LinkedIn pictures indeed. He is also visible at timestamp 1:56, at the right, standing behind the table: youtu.be/vs2orYsq_UA?t=116
Note: Irina Dilkinska at the left, 1:49
youtu.be/vs2orYsq_UA?t=109
The bearded guy at 1:10 is not a familiar face. He apparently announced the CoinCloud package. 15 GB encrypted storage with Military level security, another “great offer”.
I think this is the video they should give to the DOJ as you can see all leaders (the ones that stole the most millions) sitting on the front tables and clapping hands all the time.
You have the 3 brothers, Igor, Jose, Udo, Juha etc all in plain view. If Greenwood is cooperating as we all think shouldn’t be any difficulty to proof who and how much they took out of this scam.
The fact that they are on the VIP tables and participating as well on stage should be enough. The question now is if that will happen ?
My guess for the individual in the UK who had “stolen business proceeds originally intended for international wire transfer”, which they were trying to get back by threatening violence, is Amer Abdulaziz Salman, the OC money launderer who set up a horse racing outfit.
The revelation during Scott’s trial (through Konstantin’s testimony) that the money he poured into horse racing was probably not only stolen, but stolen proceeds of crime he was meant to launder, doesn’t seem to have had much impact: according to a quick google, his Phoenix Thoroughbreds company is still in business, and he’s happily tweeting away about his horses.
What is it about embezzlers and horses? See: Rita A. Crundwell, former city comptroller in Dixon, Illinois, who embezzled over $50 million over a period of 22 years and used the money to breed quarter horses.
Horses are an ideal way to launder money, along with casinos
Yep. Horses are easy to move across borders (there are races all over the world) and you can sell them anywhere, like gold. A large part of the takings from non-MLM Ponzi London Capital & Finance made its way into gee gees, which the liquidators are still trying to trace.
They are also a ticket to high society. In most developed countries politicians are, despite the stereotype, wary of accepting money and favours from blatant crooks. Minor royalty, not so much.
Note that the British Horseracing Association has still not suspended Salman’s registration despite knowing he is a crook for months. (The fact he hasn’t been convicted of anything is irrelevant, it’s a private club and they can have who they like as members.) They know they’d end up destroying half their industry.
That was apparently Crundwell’s primary motivation. She was convicted of money laundering: buying horses, cars, etc., with stolen funds will bring that charge upon you every time. But she did it so she could live her dream life of a rich horse breeder.
She now lives in a multi-million dollar federal prison, with her room reserved until 2029.
But yeah, I can see how horses would make an excellent money laundering mechanism. Makes perfect sense.
The guy with the beard @ 1:10 isn’t Krasimir Kralov is he?
He did appear on stage and would have been introduced. There must be a recording somewhere
Jamie Bartlett’s and Georgia Catt’s The Missing Cryptoqueen continues soon!
twitter.com/JamieJBartlett/status/1288420345775611906
bbc.co.uk/sounds/play/p08m3yyh
The person is unlikely to be Aamer Abdulaziz Ahmed Salman.
The person was described as “UK citizen”, and Amer is a citizen of Bahrain(opencorporates.com/officers/262691290). It doesn’t fit well to the timeline either. Gilbert Armenta is alleged to have started the extortion “in or around November 2016″(courtlistener.com/recap/gov.uscourts.nysd.480724/gov.uscourts.nysd.480724.4.0.pdf), and Amer did the OneCoin money laundering work from February – April 2017 by receiving €190 million from Mark S Scott’s Fenero funds. So he probably was not involved in 2016.
The details are quite a bit murky, but it appears that Amer began to steal from the funds as late as 2018 — possibly with the help of Irina Dilkinska. Per Konstantin’s Criminal Complaint, it was in April 2018 when OneCoin’s accountant Maya Antonova alerted Konstantin about susipcious transfers in Aamer’s Phoenix Investment Fund accounts holding OneCoin criminal proceeds, indicating “someone in the company has been complicit in the transfers”. The had reasons to think it was Irina Dilkinska.
Konstantin implied in the court that Irina used fake POAs of Ruja to authorize the UAE fund transfers:
But who was the person Armenta extorted? I have some guesses.
The late 2016 starting date coincides with the time when the director of Ravenr Capital Limited and International Marketing Services Limited (UK) Joanna Hilary Allison quit working for Ruja. Konstantin said in court that Joanna worked very closely with crooks like Irina. (And due to her IMS role, probably with crooks Frank Ricketts & Manon Hübenthal too.)
Since it seems everybody stole from OneCoin, why not Joanna too? Perhaps she did “the Ruja ” — took the money and ran away — already in 2016, after she learned about the City of London Police investigation and felt she got nothing to loose.
The UK-citizen could also be Scott’s Locke Lord colleague Robert Courtneidge. We know from the US court documents that Robert was involved in storing/laundering hefty amounts of Ruja’s cash, as well as writing documents for Ruja such as “OneCoin Roadmap 1.0” and legal opinion on cryptocurrencies.
Perhaps he also had a chance to take some unauthorized “risk premium” for his work for Ruja?
Ruja’s deals in UK related to Payment Card Technologies and TradeNext didn’t seem go as planned, so there might have been money disputes related to them which Ruja’s loverboy Armenta tried to solve with violent treaths.
@ Semjon
Good guesses but neither is likely.
Allison had her next gig working for UK law enforcement apparently. She basically became invisible.
Courtneidge is a still a thing in London payments circles, and rather a pathetic figure of fun post Mark Scott at that. And looking for work.
Neither is likely to be the person involved that got extorted.
Remember that anyone born in Bahrain pre-1971 is entitled to UK residency and citizenship. You can claim residency or citizenship via a parent. London has a soft spot for criminals looking to launder as long as they get taxed there.
Ruja’s investments in PCT, TN, ST, etc, did not run to the hundreds of millions, even added together
Semjon:
The timeline certainly rules out my first guess.
But neither the document you cite, the September ’17 sealed indictment, nor the only one I’d looked at, the January ’18 sealed superseding information, identify the person in question as a British citizen.
Unless I’ve overlooked something, they both only refer to “an individual in the United Kingdom”, and a lot of Salman’s horseracing activities are centered in the UK (although he claims to be “Dubai-based”).
But it’s a really sad tale overall, isn’t it? What is the world coming to, when one can’t even trust money launderers anymore, a profession that used to be a byword for honesty.
Does anyone notice that in US vs Mark Scott, the focus moves to what happened in London? The prosecutor asks Constantine who was in the London office, a list of names gets listed.
The prosecutor reads back the names for the record but Duncan Arthur names is not listed back?
BRAND NEW MISSING CRYPTOQUEEN EPISODE IS NOW LIVE (after 11 month hiatus)!!!!!
bbc.co.uk/sounds/play/p08mqtnj
Is mainly updates on Court Cases, etc., but good summary, so far!
Abdulaziz is being isolated.
Top Phoenix Thoroughbreds executive cuts ties after money laundering allegations
One way he can prove he wasn’t involved is fly to the US (lololol).
Run away! Nothing to see here…
Read: Jurisdictions Amer Abdulaziz Salman won’t get extradited to the US from. Dubai living up to their reputation as a crime-haven.
racingpost.com/news/phoenix-thoroughbreds-to-end-racing-operations-in-britain/446185
The full announcement from the source:
NOLINK://phoenixthoroughbreds.net/phoenix-thoroughbreds-to-cease-racing-in-the-united-kingdom/
@OneCon Squad Sofia – welcome back! We missed you!
You missed “the 7th inning stretch,” but I think we’re at the bottom of the 9th 🙂
DECODED:
The UK and the US have a revolving door extradition treaty.
I would go to prison in the US. I could be picked up in London and appear in NY before Judge Ramos in 60 hours.
I would disappear into Club Fed for 50 years. I am shit scared.
Thank you Ruja, Sebastian, Mark, et al. We ruined lives but the racing was great.
I was a shit fund manager who couldn’t raise legit funds, managed a negative return even if the interest and appreciation on over $ 100 million I stole would have done that without me touching it, and have a problem with basic English grammar and punctuation. But the racing was great
Inner City Press Gets Gilbert Armenta $5 Million Bail Hearing Record Belatedly Unsealed.
I can’t see it yet on PACER though, but you can read it here:
innercitypress.com/sdnyunsealed2onecoinarmentaicp081320.html
Nice how evidence presented in US criminal courts has become “certain media outlets claiming”.
He of course refers to the Racing Post (which we are told is the Queen’s favourite newspaper – she gets a pile of all the UK daily newspapers on her breakfast table, and the Racing Post has to be on top).
Here’s a comment piece of theirs from a few days ago, published just before the announcement Salman was fleeing the UK:
racingpost.com/news/the-questions-phoenix-thoroughbreds-wont-answer/446079
(There’s more to his shadiness than the OneCoin involvement.)
Note that Salman, or anyone working for him, refused to talk to the Racing Post throughout this. Which is extremely peculiar behaviour for anyone involved in horse racing, since they’re the undisputed organ of record in the field. Does he genuinely not realize that that alone shouts scamminess?
Australian racing regulatory bodies being put to the test:
Now that he’s locked out/run away from everywhere else, Salman seems pretty keen on AU. Wonder if they’ll turn a blind eye for $$$.
smh.com.au/national/victoria/racing-officials-probe-horse-racing-outfit-over-cryptocurrency-scam-20200829-p55qht.html
Do you really think they would, after announcing an investigation? It seems unlikely to me they could possibly announce that their investigation turned up nothing, since the whole wide world knows full well what the deal is. You would know better than I, Oz; what do you think?
I know practically nothing about how racing regulatory bodies work.
I imagine if the racing commissions in AU want to turn a blind eye they’ll just shut up about it. If anyone asks the investigation will be perpetually underway.
Given what happened in the UK and France though, maybe they’ll do the right thing.
Hard to say with Salman’s money in play, he’s desperate to play the racing bigshot and from what I gather he’s put all his eggs in AU racing.
On the plus side can’t see him ever travelling to AU, they’re cozy with the US for extraditions.
UK says no.
Pretty obvious Abdulaziz knew when Phoenix Thoroughbreds “pulled out” a few weeks back.
racingpost.com/news/phoenix-thoroughbreds-barred-from-having-runners-in-britain/450022
Australian racing authorities yet to do anything.
Just a reminder, Armenta’s sentencing is scheduled for January 29. 2 days to go unless there will be yet another delay.
Let’s see if things get finally moving and we get the first sentence in USA OneCoin case.
Another delay..
courtlistener.com/docket/13349011/25/united-states-v-armenta/
Noooooooooo, 2020’s delays are continuing into 2021.
It’s never gonna end wheeeeeeeee!
Sounds like Armenta is trying to sing his way into a reduced sentence. Seems kinda late for that, but I know little about such things.
Gilbert Armenta has almost ruined my family and myself over his greed and desire to take care of himself. Everyone else he screws.
He owes me 3.1 Million dollars from his adventures in EOCG. This was another company he was able to get rich from and no one else received there salaries yet he continued to open more businesses and become richer.
If anyone else is interested to know the EOCG saga, it can be found here:
NOLINK://www.prweb.com/releases/2012/10/prweb9927120.htm
TL,DR: EOCG (E. Oliver Capital Group) was an Armenta company that contracted with Huawei to install telecom networks in the Caribbean, then pled poverty when it was time to pay their $4MM+ bill.
Unsurprisingly, Armenta had created shell companies to sell the telecom services so it would look like EOCG had little to no cash flow. What a guy.