OneCoin @ BehindMLM

OneCoin money launderer David Pike to plead guilty

Via a letter addressed to the court, David Pike’s attorneys have confirmed the OneCoin money launderer intends to plead guilty.

Tanzanian prosecutors to recover $6.9 mill in OneCoin funds

As part of an ongoing investigation, prosecutors in Tanzania have moved to recover $6.9 million in stolen OneCoin investor funds.

Mark Scott released from prison over medical concerns

OneCoin money launderer Mark Scott has been released from prison. The decision was made on the basis of Scott’s current medical condition and concerns over the coronavirus pandemic.

How Mark Scott used Apex Group to launder OneCoin funds

In his witness testimony at Mark Scott’s trial, Konstantin Ignatov claimed OneCoin took in over $2 billion. In January 2019, US authorities pegged OneCoin losses at over $4 billion. That money had to go somewhere. Today we examine exactly how Mark Scott shuffled hundreds of millions of euros for OneCoin’s owner, Ruja Ignatova.

Konstantin Ignatov released, Mark Scott returns to prison

Over the weekend OneCoin’s Konstantin Ignatov was released from prison. Conversely but for an unrelated reason, Mark Scott returned to prison. I was hoping we’d get a case docket update today but doesn’t look like that’s going to happen.

First OneCoin US arrest was in October 2017

Mark Scott’s trial saw FBI Special Agent Shimko take to the stand. As revealed in Special Agent Shimko’s cross-examination, the first known OneCoin arrest by US authorities was mid September 2017.

How OneCoin was illegally promoted in the US

On paper OneCoin never officially operated in the US. Unofficially US investors were being fed the same lies and encouraged to sign up. Spearheading these efforts were Maurice Katz and Sal Leto. Katz and Leto hosted various OneCoin events across the US, with the assistance of local promoters. One such event was attended by William [Continue reading…]

The witness testimony of Konstantin Ignatov

If you ever wondered what day to day life was like in a $4 billion dollar Ponzi scheme, Konstantin Ignatov’s witness testimony is probably your best bet. BehindMLM reader WhistleBlowerFin has graciously made available transcripts from Scott’s trial late last year. In addition to his pre-trial testimony and live reporting from the Inner City Press, [Continue reading…]

Mark Scott fighting disbarment over OneCoin fraud

Convicted OneCoin money launderer Mark Scott is facing disbarment. According to a report from the Miami Herald, Scott has been suspended from practicing law as of last Wednesday.

Mark Scott facing new OneCoin charges? (updated)

A new entry on Mark Scott’s OneCoin case docket suggests he might be facing new charges.