OneCoin @ BehindMLM

Bulgarian authorities have dropped an investigation into Nexo. Nexo was a non-MLM crypto Ponzi pitching passive returns of up to 10% annually. Despite not being registered to offer securities in Bulgaria and thus operating illegally, in closing their investigation the Prosecutor’s Office claimed they found

OneCoin’s Irina Dilkinska has consented to a $111,440,000 monetary judgment. The judgment follows Dilkinska’s guilty plea last month.

A UK court has refused extradition of Christopher Hamilton to the US. Hamilton was indicted back in 2019. He stands accused of laundering over $100 million in stolen OneCoin Ponzi funds.

OneCoin executive Irina Dilkinska has pled guilty to wire fraud and money laundering. Following an original not guilty plea, entered after her extradition from Bulgaria in March 2023, Dilkinska pled guilty to charges in a November 9th superseding indictment.

Following his conviction in November 2019, OneCoin money launderer Mark Scott filed for an acquittal or  new trial in February 2020. With a decision on that motion pending, new information regarding Konstantin Ignatov perjuring himself saw Scott file a supplemental motion for a new trial in August 2021. (Scott) argued that, had the jury known [Continue reading…]

OneCoin co-founder Sebastian Greenwood has been sentenced to 20 years in prison. Citing the need for “general deterrence” against MLM Ponzi schemes, Judge Ramos handed down Greenwood’s sentence on September 12th.

OneCoin co-founder Sebastian Greenwood is scheduled to be sentenced on September 12th. In the lead up to his sentencing, Greenwood’s lawyer filed a Sentencing Memorandum on August 29th. In the memorandum, Greenwood’s lawyers request Greenwood be sentenced to time served and deported.

Legal Punk presents itself as an MLM focused spinoff of the German law firm SBS Law. Instead of just being upfront about that, SBS Law is presented as a “partner” on Legal Punk’s website. Cited as co-founders of Legal Punk on its website are Andre Schenk, Andrais Hamori and Dirk Ulaszewski. Andre Schenk is one [Continue reading…]

What is left of the Success Factory pyramid scheme has collapsed. Over the past week co-CEOs Roald Mailly and Jason Tyne have both announced their bailing on the company.

Earlier today a reader reached out with an interesting find: What you’re looking at are Bulgarian singers Alisia & Тoni Storaro, promoting their new single “Полудях”. The music video for Полудях was uploaded to YouTube on July 7th… …and it was shot at Ruja Ignatova’s Sozopol mansion.