OneCoin @ BehindMLM

On December 15th, Mark Scott finally filed his case for a OneCoin retrial. Scott was convicted in November 2019 and seeks to overturn his conviction. Arguments raised by Scott in favor of a retrial focus on two instances perjury by witness Konstantin Ignatov, and how the perjury allegedly impacted the jury’s guilty verdict.

Following a string of failed schemes, Kari Wahlroos is back with his own social media platform. On the backend it’s the usual cryptocurrency shenanigans. In a video uploaded to FaceBook on December 4th, Wahlroos had a sook over the COVID-19 pandemic “limiting your life”.

When Ruja Ignatova disappeared in late 2017, her brother Konstantin Ignatov took over as CEO of OneCoin. When Konstantin was arrested in March 2019, Veselina Valkova stepped up to run OneCoin.

The DOJ has recovered around 20 GB of data from Sebastian Greenwood’s seized prison phone. To date there’s been no indication what that data entails, or what Greenwood was up to. Now Jon Levy, an attorney representing several OneCoin victims, provides insight into what Greenwood’s phone was used for.

In what may wind up being a predictable judicial mistake, Frank Schneider has been released to home detention. Schneider will be subject to 24/7 monitoring and home confinement, pending a decision on extradition to the US on January 19th.

An attorney representing several individuals with claims against OneCoin, has petitioned the Bulgarian government.

EURid has taken action against a few of OneCoin’s more prominent website domains. Affected domains include Onecoin, OneLife, OneAcademy and OneEcosystem.

Was it ignorance, a false sense of security, stupidity, or a case of all three? There has been a lot of speculation why Konstantin Ignatov, then CEO of OneCoin, travelled to the US in March 2019. The ill fated trip culminated in Ignatov’s arrest at Los Angeles International Airport. Today BehindMLM can reveal Ignatov confidentally [Continue reading…]

The Judge hearing Frank Ricketts’ OneCoin trial in Germany has suggested he plead guilty. The recommendation was made after the Judge heard evidence against Ricketts, and on the basis a confession in the early phase of a procedure could have a mitigating effect. If it comes later, it melts down to a very small part.

The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny [Continue reading…]