OneCoin @ BehindMLM

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 On February 16th,  just shy of three weeks into representing Armenta, the Krantz & Berman LLP attorneys have withdrawn.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.

A OneCoin promoter in Ecuador has been sentenced to five years in prison. Ivonne Ortiz was a prominent promoter of the OneCoin Ponzi scheme in Ecuador. Ortiz featured in official OneCoin marketing material, appearing to be pretty high up the food chain.

A second OneCoin promoter in Singapore has been sentenced to six months in prison. Terence Lim Yoong Fook will also have to pay a $210,000 SGD ($158,603 USD).

Authorities in Argentina have made two more arrests as they pursue OneCoin promoters across the country.

More OneCoin victims have come forth in Argentina, potentially adding weight to the criminal case.

Authorities in Cordoba, a city in central Argentina, have arrested eight promoters of the OneCoin Ponzi scheme. Among those arrested is Edgar Moreno, a well-known local radio and television presenter.

The OneCoin class-action Plaintiffs have been given permission to serve defendant Sebastian Greenwood through US Marshals.