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…]
OneCoin @ BehindMLM
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…]
Former CEO Konstantin Ignatov has been dismissed from the OneCoin class-action lawsuit.
Gilbert Armenta, a resident of Florida, was a key figure in OneCoin’s money laundering operations. He has also been romantically linked to OneCoin’s founder, Ruja Ignatova. On September 12th, 2017, Armenta was indicted by a Grand Jury on three counts of extortion; conspiracy to commit extortion, attempted extortion and travel act extortion. Armenta was arrested [Continue reading…]
Two OneCoin promoters have been found in Mazatlan, Sinaloa. The bodies of Oscar Brito Ibarra and Ignacio Ibarra (no relation), were stuffed into suitcases and dumped in a vacant lot. An examination determined suffocation as the cause of death. Local Mexican authorities are treating the deaths as homicide and an investigation is underway.
Fok Fook Seng, better known as Fred Fok, has been fined $71,000 for promoting the OneCoin Ponzi scheme in Singapore.