OneCoin @ BehindMLM

OneCoin scammers in Italy held an event in Verona over the past few days. As those in attendance arrived at the airport to leave Italy after the event, authorities swooped in and made several arrests.

Despite a last-minute letter desperately attempting to diminish his role within OneCoin, Konstantin Ignatov has been denied pre-trial release.

Rumors of OneCoin’s ties to organized crime have persisted ever since authorities around the world began cracking down on the scheme. No alternative explanation has surfaced as to why to date Bulgarian authorities have failed to shut OneCoin down. Or how the company’s executives and top promoters were able to travel the world with impunity. [Continue reading…]

Konstantin Ignatov’s hopes of a smooth pre-trial release have been dashed, following a damning opposition filing. According to the DOJ, there are no bail conditions that would assure Ignatov won’t flee the US.

According to a letter to the Judge filed by Konstantin Ignatov’s attorney, a detention hearing was scheduled for June 25th. Ignatov’s attorney has requested an adjournment, allowing for time to review “the government’s submission with the defendant”.

Specific details of OneCoin defendant Konstantin Ignatov’s June 6th preliminary hearing appear to be under seal. What we do know is Ignatov’s potential bail was discussed, as revealed in a motion letter filed on June 18th.

The Samoan Seventh Day Adventist Church in New Zealand has come under fire, for allegedly laundering millions of dollars through the OneCoin Ponzi scheme.

Konstantin Ignatov’s preliminary hearing went ahead as scheduled on May 28th. In his capacity as “the top leader” of OneCoin, the DOJ charged Ignatov with conspiracy to commit wire fraud back in March. As per the Minute Entry for the hearing, Ignatov has plead not guilty to the charge.

Rwanda is the latest country to issue an investment scam warning against the OneCoin Ponzi scheme.

The Australian Securities & Investments Commission is the latest regulator to issue a warning against the OneCoin Ponzi scheme.