OneCoin @ BehindMLM

It’s been two years since we’ve heard anything out of Bielefeld’s Public Prosecutor’s Office regarding OneCoin. Now, three suspects have been indicted and will appear at Munster District Court.

OneCoin money laundering attorney Mark Stanley Scott has been disbarred in New York. The decision was made in an opinion published by the New York State Law Reporting Bureau on October 29th.

Initially I wasn’t sure I wanted to cover the OneCoin movie. Given the current situation around the world, I feel upcoming movie projects are very much up in the air. That said, with the news Kate Winslet is on board, it seems, at least for now, the OneCoin movie “Fake!” has legs.

Last year a OneCoin victim filed a proposed class-action in New York. There’s been some significant changes to case since last May, culminating in a Second Amended Complaint filed on September 24th. Today we take a look at where the OneCoin class-action is at.

Given the amount of OneCoin scammers that have been indicted in the US, it’s difficult to keep track of the upcoming sentencing dates. Throw in the pandemic and constant resetting of dates and… well, you’d be forgiven for losing track of who’s being sentenced when. It’s my job to keep track of these things and [Continue reading…]

The FinCEN Files leak contains two Suspicious Activity Reports (SARs) pertaining to then suspected OneCoin fraud.

Ahead of Mark Scott’s October sentencing, the DOJ has filed a forfeiture motion. As per the motion, the DOJ wants Mark Scott to forfeit a whopping $392 million dollars.

Veska Ignatova has made her first public appearance at a OneCoin promotional event. At the event hosted in Bucharest, Romania over this weekend, Ignatova was the headline speaker and corporate representative – a position that’s been vacant since the arrest of her son, Konstantin.

The UK’s Financial Conduct Authority has approved an individual linked to OneCoin’s money laundering network, for the role of “Money Laundering Reporting Officer”. On the absurdity scale, this isn’t far off appointing someone who worked directly under Bernie Madoff as head of the SEC.

In September 2016 the UK’s Financial Conduct Authority revealed OneCoin was under investigation. The investigation was headed up by City of London police. Ten months after the FCA’s OneCoin warning was published, it disappeared from the regulator’s website. To date there has never been an explanation as to why. In episode 9 of the BBC’s The [Continue reading…]