OneCoin @ BehindMLM

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.

In an endorsed memo filed on March 18th, convicted OneCoin money launderer Mark Scott has requested his sentencing be delayed indefinitely.

OneCoin CEO Konstantin Ignatov is scheduled to be sentenced on May 14th, 2021. In the meantime, a January 28th filed appearance bond reveals Ignatov has been released on a $500,000 surety.

Following Ivonne Ortiz’s five year prison sentence, OneCoin held a OneLife DealShaker event in Ecuador. Speaking at the event was Raul Pazos Medina, who spent thirty minutes shouting at investors in attendance.

On January 28th, attorneys from the law firm Krantz & Berman LLP put in a notice of appearance for Gilbert Armenta. Armenta is a defendant in the OneCoin victim class-action. On February 16th,  just shy of three weeks into representing Armenta, the Krantz & Berman LLP attorneys have withdrawn.

Through a web of financial mismanagement and corruption, officials of the Samoan Independent Seventh Day Adventist church in New Zealand stole millions from its congregation. A lot of the stolen money was pocketed by the officials themselves. The rest was  ploughed into OneCoin and other fraudulent investment schemes.