OneCoin scammer fined another 1800 EUR in Germany
A resident of the town of Meissen has been ordered to compensate victims he lured into the OneCoin Ponzi scheme.
This is the second civil case the man has lost, on top of a criminal case filed by Bielefeld Prosecutors.
Meissen is a town of 27,000 in the east German state of Saxon.
From here, the unnamed individual recruited a Bavarian man into OneCoin.
The Meissen defendant pitched the Bavarian man on the promise of placing additional recruits under him.
Three names were initially placed under him but soon disappeared.
That never happened and so the Bavarian man was left bagholding around 6000 EUR of worthless OneCoin points.
Rather than accept his loss the Bavarian man challenged the defendant, which led to the agreement of 3000 EUR in reimbursement.
Of the agreed amount, the defendant only transferred back 300 EUR… in worthless OneCoin points.
This prompted the Bavarian man to file suit for losses in the Meissen District Court.
Upon being given the chance to defend himself in court, the defendant failed to convince the Judge hearing the case.
The defendant claimed he placed twelve investors under the Bavarian plaintiff. However when pressed he couldn’t prove it or provide their details for verification.
The defendant was also lambasted for orchestrating his ruse through a UK shell company.
Judgement in favor of the Bavarian plaintiff saw the defendant fined 1800 EUR and ordered to pay back the initial ~6000 EUR investment.
This is the second judgment against the individual. The first saw him fined 1200 EUR and ordered to pay back around 12,000 EUR.
The sixty-one year old Meissen defendant claims to be bankrupt. OneCoin as a business is also “running very badly”, so there’s doubt whether the judgments will be paid.
Bielefeld prosecutors had also filed a criminal case against the defendant , however it was later suspended pending further investigation.
The Bielefeld prosecutor’s initial investigation led to a raid on OneCoin’s Bulgarian offices. The investigation has since expanded to include OneCoin founder Ruja Ignatova as a key suspect.
OneCoin itself collapsed in early 2017. Ignatova did a runner with invested funds a few months later.
Ignatova’s brother and former bodyguard, Konstantin Ignatov, continues to string investors along as head of the company.
It’s a far cry from the Heyday of lavish extravaganzas like the UK conference of 2016, but I wonder how the Vancouver meeting will go this weekend?
Is that with Konstantin in attendance? I know there’s end of year Paris shindig coming up soon.
The Canada Event is with Simon Le, Jose Gordo, Habib Sahid and King Jayms (spells his name differently, often it seems), etc.
The Event is being held at:
NOLINK://eventbrite.ca/e/canada-dealshaker-expo-2018-tickets-50935511486
I left them a voice message
Maybe NASAA will pay them a visit, huh?
I am shocked to read that no goverment has tried to arrested these people so close to the so called doctor.
Let’s not forget the pimp only got 10% (or actually 6%) of the original investment, there is no way for him to pay back the money, most of which was sent to Sofia.
Good news!
The Mark S Scott OneCoin money laundering case is also proceeding.
Authorities seized 5 terabytes of data when they arrested Mr Scott! Including emails and bank records.
I think this Ireland connection is a new info too:
(law360.com/assetmanagement/articles/1102396/feds-doubt-ex-biglaw-atty-s-privilege-applies-in-crypto-scam)
A short commentary on the court report in “Sächsische Zeitung”.
I like the subtitle of the court report very well!
I think we all know that not only the cheated Bavarian man was naive. Millions of buyers of Ruja’s worthless educational packages were also naive. And in good faith. And reckless. Of course, one should not forget those who have fallen victim to their own greed.
There was a hearing two days ago which I believe the Law360 article is based on. They must have had someone in the courtroom.
I was waiting for the case docket to update before publishing anything but here’s how it looks:
Everything is sealed except Scott’s motion, which is him asking for bond to be switched from home detention to curfew. The DOJ told his attorney they’d oppose the motion but haven’t filed opposition yet (or it’s one of the sealed filings).
Mark Scott is obviously just the tip of the iceberg. Unfortunately we’re going to have to wait to see how big the US OneCoin investigation has gotten.
In unralated article, I stumbled upon this insightful contextualization of sealed indictments;
(abcnews.go.com/Politics/dozens-sealed-criminal-indictments-dc-docket-mueller/)
Very likely that at least some of those five sealed indictments involve top OneCoin pipms.
A new article in Samoan Observer featuring an image of Onecoin scammer Penman Kamran (who has also been a poster child in Onecoin propaganda media) quotes:
“The Central Bank of Samoa (C.B.S.) is aware of people involved in the cryptocurrency scheme, especially OneCoin, who have received false promises from agents promoting the crypto asset.
C.B.S. Governor Maiava Atalina Ainu’u-Enari told Sunday Samoan these are high profile people, including business people, who call their office asking for assistance in tracking their money.”
“…So (by the time people realize they were hoodwinked by Onecoin scammers) we can’t do anything. The international financial system moves very quickly, so the money we don’t know where to trace it from.”
“…I hear so many stories that some people who invested in the scheme was waiting for a payout in October and nothing came and so now OneCoin has changed their story telling them you don’t get a payout, but you can use your investment to buy a land or a car in Australia.
“And these are Samoans living here, so OneCoin is changing their story telling them you can buy real estate in Australia and they were shown pictures of cars and properties, and people are being dragged in more and getting attracted.”
“…high profile people.
“There are people who have been affected but do not want to speak out because of fear of ruining their reputation, being called stupid, but they are not helping other people (or themselves).”
Read more here (SOURCE): sobserver.ws/en/18_11_2018/local/38569/Bank-aware-of-“local”-investors.htm
Hold up, the sealed filings aren’t necessarily indictments. They’re more likely to be sealed filings in relation to Scott’s case (stuff in them the DOJ doesn’t want other suspects to know about yet).
In Romania, Antena 3 journalists entered the OneCoin network. They found out that many OneCoin members are on the verge of suicide due to investing a lot but not being able to cash out.
The coin can’t be sold, DealShaker is in reality mostly “nuts from China”.
antena3.ro/economic/biz-news/in-premiera-jaf-cu-sclipici-adevarul-despre-reteaua-de-criptomonede-onecoin-495852.html
Journalist Maxime Grimbert interviewed in english in the Antena 3 OneCoin report at 24:26. Also Bjørn Bjercke at 25:56.
youtube.com/watch?v=DDk6lhjm_cE&t=1466
So in the first part of that video, is that guy actually paying for his food with his phone with Onecoin? Or is it just fake propaganda?
@Ty – The guy is likely paying for his food with a Onecoin COUPON (which is created on OLN’s SQL database, NOT on a blockchain as a cryptocurrency).
Onecoin has ingeniously created a CULT sect which believes these coupons, issued by the company are both 1. a cryptocurrency, and 2. worth something.
They are neither.
OneCoin scammer fined another 1800 EUR in Germany:
The original story seems to have disappeared from Sächsische Zeitung..
Somebody could ask from the publication’s court journalist Jürgen Müller why, but I suspect it’s the usual. Meaning that OneCoin lawyers are threatening with expensive court case again, and small newspapers don’t have the money or resources to fight, so they remove the story instead.
Web-archive still has the story:
web.archive.org/web/20181120085838/www.sz-online.de/nachrichten/die-gekaufte-hoffnung-4051532.html
@WhistleBlowerFin
I contacted the newspaper. If I receive an answer, I will report it.