Mark Scott guilty, OneCoin’s Bulgaria office cleared out
In a verdict that will likely surprise no one, a jury has found Mark Scott guilty of laundering money for OneCoin.
Early on in the trial it became apparent not so much whether Scott (right) would be found guilty, but how guilty.
To that end Scott’s defense team put forth his ignorance of OneCoin’s fraud, and insistence that OneCoin having or not having a blockchain had anything to do with Scott’s money laundering activities.
As the trial wound down, it was also revealed Scott (right) personally received $50 million from OneCoin.
Scott’s OneCoin windfall would see him boast he’d earned “50 by 50”. Scott is currently 51 years old.
As reported by Inner City Press’ Matthew Lee, Scott’s jury deliberated for four hours.
The jury found Scott guilty of both money laundering and bank fraud. As the verdict was read out, Scott’s wife (right, with Scott) began “wailing”.
During questioning with the Judge after the verdict, Scott’s attorney signaled there will be an appeal.
Scott is facing up to fifty years in prison, with sentencing scheduled for February 21st next year.
While all this was going down in the US, over in Bulgaria goons were busy clearing OneCoin’s Sofia office out.
According to Capital Weekly journalist Nickolay Stoyanov, a rusted out Russian UAZ van rolled up and was filled with “various office equipment and supplies”.
The DOJ have asserted OneCoin was an estimated $4 billion Ponzi scheme. To date Bulgarian authorities haven’t lifted a finger against OneCoin, at least not publicly.
Finally back in the office. On track to be caught up with everything by Monday.
Nice, btw, no one in Bulgaria will touch onecoin. They pay for it. And again, I want to know who and when are in this scheme from Bulgaria gov and etc…
justice.gov/usao-sdny/pr/former-partner-locke-lord-llp-convicted-manhattan-federal-court-conspiracy-commit-money
It would truly be poetic justice if Scott’s “50 by 50” brings him 50 years in prison. The sums are so big that I think we could be looking at the sentencing maximums.
Meanwhile, Aamer Abdul Aziz continues his Phoenix Thoroughbred horse business with stolen (stolen) money like nothing had happened: twitter.com/amerabdulaziz
Another Locke Lord crook tied to the OneCoin case, Robert Courtneidge, appears to be at large too: twitter.com/prepaidrobert
[Ruja asked the Locke Lord crooks Scott and Courtneidge to store criminal proceed cash in London (twitter.com/innercitypress/status/1194636203284406272). ]
btw, who is the guy in this photo next to Konstantin?
twitter.com/innercitypress/status/1194646540733812741
It’s curious that OneCoin members — and even top leaders like Tommi Vuorinen who has good connections — have responded to the “rusty UAZ” pictures by saying that Stoyanov’s pictures are fake — and not something along the line that somebody was able to contact Veselina Valkova who reassured that it’s just an ordinary maintenance cleanup and everyone is working normally in the Sofia HQ.
That would have been the easiest way to defuse the rumour, but their response further suggest that something unusual is/was going on…
In any halfway normal company, if there was any doubt as to whether or not their offices are functioning, all anyone would need to do was pick up the phone during office hours and call them.
Surely any company that size has multiple phone lines, with the number easily found on their website, and a manned switchboard?
Simply tell the phone receptionist you’re a journalist with a question for the PR department. You’d immediately know if there’s a normally functioning company there or not.
Generally, I’ve always found it strange that anyone would even consider doing any kind of business with a company which doesn’t make it clear on its website where in and in what legal form it is incorporated (it’s pretty obvious the addition “Ltd.” after the name does not come from Bulgarian law), does make clear that the only address it provides on the website isn’t its legal address but merely a “Representative Office”, and doesn’t publish its phone number.
Not to mention that a company not including its incorporation status and address, and often also a registration number, in publications such as a website is actually illegal in quite a few countries.
I wonder how many of the scams this website reports on could exist if everyone simply ignored companies which don’t provide such elementary information.
There’s a reason many countries make it obligatory: anyone who is afraid to do so can only be a scammer of some sort.
@PassingBy
In the domain registrations for Ruja’s fraud portals a phone number was given. Here’s an example:
share-your-photo.com/0c50ca8a8d
The telephone number of RavenR Capital Limited is also known:
share-your-photo.com/fa78f59057
Of course, I do not know if anyone else takes calls.
I don’t know why you people concentrate on the rusty van. It surely reflects all the characteristics of a motor vehicle. It has four tires and a motor.
It is a private vehicle and that’s why you can’t find any information about it. All you haterz are just jealous because you don’t have a fancy UAZ like Onecoin has
All kidding aside, I’d be surprised if the weekly newsletter is published tomorrow. Anyways it has been a copy paste from the previous weeks for a month now.
This should be the Tsvetelina Lekova mentioned in the domain registration:
share-your-photo.com/f60d962a46
Tsvetelina Lekova’s Facebook account is almost empty!
facebook.com/tsvetelina.lekova
Yes, it’s funny and ironic that a company which touts KYC as their key selling point is itself very elusive and shady from KYC/B and Due Diligence point of view.
“Onecoin Ltd” is a Dubai based company, and it’s next to impossible get any information for Due Diligence purposes out of Dubai.
I haven’t even been able to verify if it has a valid business license — I found a UAE gov e-service website for that purpose but it wasn’t working.
Then again, DealShaker has been run by unlicenced UAE company (“M/S Executive Management Finance Consultants FZC”) right from the outset, but it hasn’t stopped them, and nobody seems to care.
Also, the Belize based One Life Network Ltd — which is the company behind IMA contracts, OneAcademy and OneForex — has for almost a year been kicked out of Belize — and the company recently lied brazenly to the Finnish journalist asking about this by claiming it’s legal to operate a company which has been struck-off from the company register(until it’s dissovled).
Bulgarian side of OneCoin is possible to map out, thanks to Bulgarian government being exceptionally transparent.
Not very long ago, I drew an organization chart of the corporate/ownerhip/managerial relationships among the key Bulgarian OneCoin entities based on that information. ( Unfortunately, I have it only on a hand-written note.)
The key figure currently is Angel Rumenov Boyadzhiyski who, as a private person, is at the end of the ownership chain of all(?) OneCoin “corporate” companies and is a manager in three OneCoin related companies(Business Edge Solutions, One Network Services and BlockwaveTech). He is cleary just a stooge/fronperson.
There was in fact even a telephone number provided for One Network Services, which is the main Bulgarian corporate entity behind the Sofia office, but it was removed from the company register in early 2019, along with ravenr.com email address. Now it has only the physical address.
It isn’t particularly surprising if they finally closed down. The legal risk of still continuing the scam has increased substantially now that Konstantin, who knows great deal about how the scam operated in post-Ruja/Seb era, is spilling all the secrets to the FBI. There have been rumours for months about Sofia office being seriously cash-strapped.
Another indication of inner turmoil was the information provided by Tommi Vuorinen that 3-4 employees were very recently kicked out of the company due to some breach of trust issues.
For the remaining workers, it must have been highly demoralizing when the “captain” himself admitted in a court of law that the whole thing is a fraud. And the blockbuster BBC podcast had already put the company in a big negative spotlight.
We’ll see soon if all this has forced them to finally give up…
share-your-photo.com/fae21b6e27
Source: thetimes.co.uk/article/top-law-firm-advised-scam-queen-ruja-ignatova-kxzl7zw6d