OneCoin @ BehindMLM

In March 2017 OneCoin commissioned a second legal opinion from the UK law firm Hogan Lovells. The document we’ve obtained is dated March 30th and was put together by Roger Tym and Oliver Irons. It is marked “draft” and addressed to Ruja Ignatova, Irina Dilkinska and Gary Gilford, of One Network Services Limited.

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

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

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.

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.

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.

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.

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…]

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…]

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.