OneCoin’s Frank Ricketts sentenced to 5 years in prison
A German court has sentenced OneCoin promoter and money launderer Frank Ricketts to five years in prison.
As tweeted by Johan von Mirbach, producer of the CryptoQueen docu series, Ricketts’ wife Manon Hubenthal received four years.
Disgraced attorney Martin Breidenbach, who assisted Ricketts and Hubenthal with laundering OneCoin Ponzi funds, was sentenced to two years and nine months.
Ricketts, Hubenthal and Breidenbach were indicted by the Bielefeld Public Prosecutor’s Office in November 2020.
Following lengthy delays, the trial eventually kicked off in September 2021. Further delays saw Ricketts’ trial blow out to over two years.
Based on presented evidence at the time, in November 2021 a Judge advised Ricketts to plead guilty.
I’m unclear on whether Ricketts’ sentencing was a result of a late guilty plea, or whether he rolled the dice on a verdict.
Pending further updates, whether there was a monetary component to Ricketts’ sentencing is also unclear.
He got a quarter of what Sebastian Greenwood got!
Considering how much lower in the food chain he was compared to Greenwood, and what Greenwood earned and got away with, that’s a kick in the teeth.
Apparently, under German law, 5 years is a significant sentence for this particular type of crime.
Rickets Is a serial scammer whose fraud career extends much further than this sentence. However, he’s already in his twilight years.
I wonder what goes through his criminal mind knowing that a chunk of his final time on earth will be spent in retribution, deservedly, for his vile lifestyle and all the money he stole from his victims?
Oz , Great news.
Do you think Ricketts is still involved with Amplivo and Corsair?
Thanks, Joe
@TimTayshun
That is correct. In Germany, the penalties are significantly lower than in the United States. Some examples:
– Ordinary fraud – fine or 6 months to 5 years imprisonment
– Particularly serious fraud – 6 months to 10 years imprisonment
– Money laundering – 3 months to 5 years imprisonment
– Aggravated money laundering – 6 months to 10 years imprisonment
– Manslaughter – 5 years to life imprisonment
– Murder – life imprisonment.
In fact, many murderers are released from prison after just 15 years if the convicted person applies for release. A judge then decides whether the convict can be released on the basis of a favorable social prognosis. His behavior in prison is also taken into account.
A sentence like the one against Bernie Madoff (150 years in prison) would be impossible in Germany.
In addition, several sentences are not added together in Germany. Fraud + money laundering + theft, for example, are not added together, but are combined into a total sentence.
I really won’t be surprised if Captain Ricketts doesn’t spend a day behind bars considering his age and (apparent) health issues
What about all the other black and blue diamonds in onecoin?
Most of them started their own crypto ponzi with their ill gotten gains.
Do you know their names? Let’s make them famous too..
His fingerprints are all over it but doubt Ricketts has had any direct involvement for some time.
@joe dunn
Frank Ricketts updated the domain registration for his old portal sitetalk.com on September 25, 2023:
share-your-photo.com/0620a57fab
sitetalk.com redirects to ccw.ecovo.com, but only an error message appears on this website:
share-your-photo.com/2abd6d0c5e
A screenshot with (? falsified ?) data from Amplivo Limited from the web archive:
share-your-photo.com/3ff0843185
web.archive.org/web/20221205071415/https://ecovo.com/impressum
The German journalist Martin Himmelheber was present during the announcement of the verdicts against the three defendants in Münster and reports on interesting details in this article:
In addition to the prison sentences, the court also ordered the confiscation of large sums of money.
nrwz.de/schramberg/onecoin-prozess-drei-muessen-ins-gefaengnis/452433
In connection with the court proceedings in Münster, the German journalist Martin Himmelheber has published a second, very detailed article that also sheds light on several other aspects of the OneCoin scam.
nrwz.de/schramberg/onecoin-von-anfang-an-betrug/452767
Ruja Ignatova was a lot of things. Gangstah wasn’t one of them.
The regional German TV station WDR also reported on the condemnation of the three fraudsters in Münster.
share-your-photo.com/4d28a1dc18
wdr.de/nachrichten/westfalen-lippe/urteil-one-coin-prozess-100.html
A renowned German magazine has also reported on this.
heise.de/news/Mehrjaehrige-Haftstrafen-fuer-Betrug-mit-erfundener-Kryptowaehrung-Onecoin-9591364.html
The daily news program “tagesschau” on the first German television channel ARD also reported on the trial in Münster.
share-your-photo.com/4f969356ab
tagesschau.de/wirtschaft/onecoin-prozess-kryptowaehrung-urteil-100.html
Wasn’t Frank Ricketts CEO of Cloud Horizon too? I’m wondering if Cloud Horizon is still running, any news?
I just remember Erik Nurm, Martin Karus and his dog Antty Lillepuu were promoting it.
Cloud Horizon collapsed and became Amplivo, Corsair Group and who knows what it’s called now.
Didn’t take off outside of some small groups in third-world countries.
The State Office of Criminal Investigation of North Rhine-Westphalia reported:
lka.polizei.nrw/presse/krypto-betrueger-verurteilt
The following article is unfortunately only available to subscribers.
share-your-photo.com/191da2ff03
sueddeutsche.de/projekte/artikel/politik/onecoin-kryptowaehrung-bitcoin-ruja-ignatova-betrug-e993020/?reduced=true
The German magazine “Der Spiegel” reported:
share-your-photo.com/e5383ec1f1
spiegel.de/wirtschaft/onecoin-prozess-ehepaar-betrog-mit-fiktiver-kryptowaehrung-mehrjaehrige-haftstrafe-a-db344b4c-34b8-4d36-9aae-46a4b7c97d80
10.01.2024:
nrwz.de/schramberg/onecoin-von-anfang-an-betrug/452767
The OneCoin fraudsters Frank Ricketts and Manon Hübenthal, who were convicted in Münster, apparently defrauded with two companies at the same time. The first company was INTERNATIONAL MARKETING STRATEGIES LIMITED, founded on May 31, 2007 in the United Kingdom:
share-your-photo.com/8ce88b9675
find-and-update.company-information.service.gov.uk/company/06264462
(Note. The original name of this company was M & F (EUROPE) LIMITED. M & F is the abbreviation for Manon and Frank?)
On February 24, 2010, the name was changed to INTERNATIONAL MARKETING STRATEGIES LIMITED. The director of these two companies was Frank Ricketts, who allegedly lived in France:
share-your-photo.com/a9502bff1a
I do not believe that the British serial fraudster Frank Ricketts lived in France, because the second director of this company in 2007 was his wife Manon Hübenthal, who was then still called Manon Wissmann and lives in Greven (Germany):
share-your-photo.com/63a3424231
find-and-update.company-information.service.gov.uk/company/06264462/officers
This company was dissolved in the UK on November 17, 2020.
Manon Wissmann or Manon Hübenthal had already founded the company IMS International Marketing Services GmbH in Münster in March 2014. She was the sole managing director. In March 2016, the company headquarters were relocated from Münster to Greven. This was documented in the German commercial register:
share-your-photo.com/fb39af3921
Fun fact:
The RavenR office in London lease was signed by IMS.
Frank’s British passport happened because he was born in Kenya when it was still a colony
The name Joanna Hilary Allinson was mentioned several times in connection with the OneCoin scam. I discovered an interesting detail about this.
Joanna Hilary Allinson was very briefly a director of Frank Ricketts‘ INTERNATIONAL MARKETING STRATEGIES LIMITED from April 6, 2016 to May 12, 2016.
share-your-photo.com/e25223b5b0
find-and-update.company-information.service.gov.uk/company/06264462/officers
One day later, on May 13, 2016, Joanna Hilary Allinson became a director of RAVENR CAPITAL LIMITED until October 10, 2016.
share-your-photo.com/8ebdd42f39
find-and-update.company-information.service.gov.uk/company/10178932/officers
It was obviously perfectly planned within the criminal OneCoin organization.
share-your-photo.com/8284ba0c96
coinlive.com/news/onecoin-crypto-queen-still-missing-while-german-court-sentences-scam
Unfortunately, even in Italy Corsair (formerly Amplivo/Ecovo) is still operational despite the complaints, investigations and closure of the website corsairnow.com.
These scammers act undisturbed and scam people with their CSR token, with the promise of new plants to produce biofuel and a stock market listing (sigh).
Hi Franck,
Good news that Frack Rickets was sentenced – he got what he deserved.
Regarding AMPLIVO CORSAIR, my research actually shows that:
1. Franck RICKETTS was fired since march 2021 due to his fraudulent activities, and Jussi Saloranta bought back the company and paid off all the debts. He also seemed to have made everything square and legal
2.AMPLIVO CORSAIR is legal in Italy and is opening a recycling center there in Sardinia.The italian authorities have received all the documentations proving the company is legit and have cleared the allegations.
3. There does not seem to be any scam with the CSR tokens, which is now used by multi-billion dollar companies such as BDMS, Diversey and the International Aeroport of Laos
CORSAIR-AMPLIVO seems to deserve an updated assessment of behindmlm, as they are showing evidence of building a legitimate business.
Especially now that they have announced three governments contracts with Finlande and Netherlands (grants to build recycling centers) and Laos (to take over management of landfills)
They have also announced moving the corporate seat of former Could Horizon = amplivo from Cayman Islands to USA.
So it does look promising!
1. Ricketts founded Cloud Horizon and would still be scamming people today if he wasn’t criminally charged in Germany. He didn’t get fired from anything.
2. Apmplivo Corsair is still illegal in Italy. One can verify this by seeing the fraud notice on CONSOB’s website. There have been no updates from the regulator since.
3. Nobody is using CSR tokens outside of Amplivo Corsair (bagholders).
Done. See above.
Also legitimate businesses don’t commit securities fraud and operate illegally.
(government contracts lololol)
I think the correct version is Oz’s. In Italy the proceedings have not been closed, proof of which is that the website corsairnow.com is still unreachable.
The CSR token is a joke: it is worth practically nothing (share 0.06 euros), it trades even less and no one uses it.
There are still no plants in Sardinia while the one in Finland does not belong to Corsair or Amplivo. The agreement with an airport in Laos (military dictatorship) is just laughable.
In the meantime, we have been waiting for the announced stock market listing for over 1 year.
For me if Behindmlm wanted to do an audit it would be very nice.
I’m not 100% sure but financial audits have to be done by a registered firm.
Getting BMLM to audit something would be terrible in any event, while I know what questions to ask to prove securities fraud I wouldn’t know the first thing about filing with financial regulators (audits are meaningless unless this legal requirement is met).
Even a simple update would be great