OneCoin @ BehindMLM

The DOJ has filed David R. Pike’s superseding indictment, detailing four instances of fraud. Last November news of David Pike’s arrest in August 2018 emerged. The DOJ put off filing Pike’s indictment, owing to the possibility of additional charges. Not sure if Pike’s initial indictment was ever filed, but the latest is a February 6th [Continue reading…]

New Regency Television International has secured the rights for the BBC’s The Missing Cryptoqueen podcast, paving the way for a TV series.

In his filed Memorandum in support of post-trial motions, Mark Scott’s attorney claims Scott was ignorant of Gilbert Armenta’s conduct. He also insists the DOJ failed to provide sufficient evidence of money laundering, despite a jury convicting Scott on all counts.

The earliest I recall hearing of the law firm Schulenberg & Schenk’s legal opinion on OneCoin was May 2016. Turns out OneCoin engaged Schulenberg & Schenk to rubber stamp their Ponzi scheme a whole year earlier.

Following their departure from OneCoin, Veselina Valkova and Habib Zahid are gearing up to launch a clone of their own. Details on Circle of Finance (aka Invicta) are currently sketchy, but here’s what we know.

The OneCoin class-action plaintiffs have been given permission to effect alternate service on defendants OneCoin and Ruja Ignatova. Alternative service for Sebastian Greenwood and Irina Dilinska was denied.

Last November a Russian van rolled up to OneCoin’s Bulgarian headquarters. Shortly afterwards, this happened: Now OneCoin corporate documents are finding their way into the wild.

A third Samoan church has been implicated in promotion of the OneCoin Ponzi scheme. Previously the Samoan Seventh Day Adventist Church and Worship Center Christian Church came under fire for funneling their congregations into OneCoin. Both churches were also implicated in money laundering, following Samoa’s ban on OneCoin investment. Now the Samoa Worship Center in [Continue reading…]

Unfortunately the sentencing of OneCoin money launderer Mark Scott has been pushed back, again. At the conclusion of Scott’s trial, at which he was found guilty, sentenching was scheduled for February 21st. That was then delayed till sometime after February 24th.

A verdict in a OneCoin related tax fraud case in Finland raises serious judicial priority concerns.