OneCoin @ BehindMLM

On January 27th OneCoin defendant Gilbert Armenta’s attorneys filed a Sentencing Memorandum. The filing was heavily redacted, prompting Inner City Press’ Matthew Lee to file a motion requesting access to an unredacted version. At the request of the court, on February 10th Armenta’s attorneys clarified their position on the redactions. Recognizing that Mr. Armenta’s cooperation [Continue reading…]

Back in 2016 the City of London Police arrested Christopher Hamilton. Hamilton had been reported up for suspicious transactions by his bank. An investigation revealed the transactions were tied to OneCoin. Along with Hamilton’s arrest, the CoLP also seized £30 million in checks, purportedly sent to Hamilton by convicted OneCoin money launderer Gilbert Armenta. At [Continue reading…]

Attorneys representing OneCoin founder Ruja Ignatova, have filed a claim on an otherwise abandoned £13.5 million penthouse in London.

Bulgarian authorities have raided the offices of the Nexo crypto Ponzi scheme. That itself is just another day in crypto but authorities are apparently alleging Nexo’s founders had ties to OneCoin.

Christopher Hamilton’s OneCoin money laundering indictment has been unsealed. Originally filed back in March 2019, Hamilton’s indictment details two counts of fraud.

Karl Sebastian Greenwood has pled guilty to OneCoin related wire fraud and money laundering charges.

In what might be indirect confirmation Frank Schneider will be extradited to the US, the DOJ moved to unseal his indictment. The court granted the DOJ’s request on December 5th.

OneCoin founder Ruja Ignatova is on the FBI’s most wanted list. Sheltered by Bulgarian authorities, OneCoin itself is still operational. As part of ongoing efforts to lure new investors into the $4 billion scam, OneCoin is holding a marketing event London next month.

In a surprising development, Luxembourg’s government has confirmed it will not contest Frank Schneider’s extradition.

Following guilty pleas by two of the fourteen OneCoin defendants in Argentina, the pair have been sentenced to prison. Adolfo Domínguez and Aldo Leguizamón will serve three years and six months and four years and three months respectively.