OneCoin @ BehindMLM

Around the same time US authorities began looking into OneCoin, Dubai’s General Department of Criminal Investigations raised money laundering concerns. How the parallel investigations concluded however, couldn’t be any more different.

Class-action defendants OneCoin, Ruja Ignatova and Gilbert Armenta have had entries of default recorded against them.

As part of Ruja Ignatova’s quest to sidestep finance regulations and avoid regulatory attention, Sheikh Saoud bin Faisal bin Sultan Al Qassimi sold her an Emirates banking license. The deal took place in September 2015 for $16 million USD.

A report from Kuwait’s Ministry of Interior alleges ties between OneCoin, Ruja Ignatova and “terrorist groups”. The leaked 2015 report, put together by the MOI’s Criminal Investigation General Department and marked “extremely confidential”, identifies Ignatova as

A Suspicious Activity Report from Mashreq Bank has provided insight into OneCoin’s ~2015 banking woes. The report, filed by the Mashreq Bank’s Audit, Fraud & Compliance Group, is dated September 1st, 2015. Affected customers listed are

A lawsuit filed by the Crypto Currency Resolution Trust alleges at the time of her disappearance, OneCoin’s Ruja Ignatova made off with 230,000 BTC. The staggering amount was worth just over $1 billion in October 2017 ($4600 avg). That same amount is worth $11.5 billion today ($50,000 avg, note BTC’s public trading value is all [Continue reading…]

Social media has lit up with condolences for top OneCoin scammer Juha Parhiala. Thus far there hasn’t been any official confirmation of Parhiala’s death, reportedly overnight across May 10th/11th.

Muhammad Zafar, one of OneCoin’s top earners, has been arrested in Pakistan. Zafar is facing fraud charges in relation to his promotion of “OneCoin and others”.

After four years of literally doing nothing, BaFin are investigating a German OneCoin promoter’s website.

Frank Schneider, a key figure in OneCoin’s money laundering operations, has been arrested in France. Schneider is also believed to have tipped off Ruja Ignatova about the FBI investigation, leading to her disappearance.