OneCoin @ BehindMLM

It’s established that the UAE, Dubai in particular, played an integral role in Ruja Ignatova’s laundering of OneCoin funds. As part of his ongoing investigation into OneCoin money laundering, Jonathan Levy has uncovered misconduct by a notary in Seychelles.

Following Frank Schneider’s arrest in May, one of the last key figures in OneCoin’s money laundering operation still free is Amer Abdulaziz Salman. According to former CEO Konstantin Ignatov, Salman made off with €100 million in stolen OneCoin investor funds. That’s on top of the money Salman allegedly laundered for OneCoin through his shell company [Continue reading…]

Fourteen promoters of the OneCoin Ponzi scheme have been indicted by Italy’s Guardia di Finanza. The indictments were filed in Bolzano, a city in Italy’s South Tyrol province. Unfortunately the names of those indicted have not been released.

As part of the ongoing Argentinian investigation into OneCoin, prosecutors in Cordoba have approved the arrest of four additional suspects. Rodrigo Domínguez, Aldo Leguizamón and two other people stand accused of defrauding clients through the OneCoin Ponzi scheme.

A bizarre OneCoin “relaunch” website has popped up. A video promo on the site features a DeepFakes actor playing OneCoin founder Ruja Ignatova.

Frank Schneider’s extradition to the US is on hold, pending the outcome of an appeal. A decision on Schneider’s extradition was supposed to have been made on Wednesday July 21st. As reported by Luxembourg publication Wort, Schneider, anticipating his extradition, has filed an appeal with the Nancy Court of Appeal. According to the terms of [Continue reading…]

OneCoin defendant Gilbert Armenta is being pursued for unpaid mortgage payments dating back to April 2020. For some reason the Plaintiff’s attorney is having issues serving him.

In a startling admission, the FCA has bluntly confirmed it is unable to regulate securities fraud in the UK.

The FBI are feeling confident about Frank Schneider’s arrest. Two days ago two FBI agents arrived in the French city of Nancy. The reason for the visit was to ‘thank French investigators SRPJ and the BRI after the arrest in April 2021 in Meurthe-et-Moselle of‘ Frank Schneider.

As I’m used to covering US legal proceedings, how indictments play out in Germany is a little strange. But bear with me. Last November three OneCoin money launderers were indicted. Those indictments have now been approved by a District Court in Munster, paving the way for a criminal trial.